Majan Mining LLC
What the company does
Mines high-purity limestone for the steel and cement industries across the Middle East and Asia.
Why GP Group invested
GP Group started looking to build its limestone activities outside of Thailand and partnered with the Al Rawas family in Oman to secure a one billion tonne reserve of very high quality limestone (about 98% calcium carbonate). This made it ideal for supplying to value-added industries such as steel and the downstream commercial lime production industry.
“Our main market for lime is India’s steel industry. Today India has installed capacity of about 130 million tonnes of steel per year compared with 1.1 billion tonnes in China, which has a similar population, so there is plenty of potential for growth.”