KHG has obtained exploitation license for 2 magnetite iron ore mines in MENA region on a 25-year lease basis. The mineral deposit is spread over an area 2.70 & 6.50 square kilometres and the mines have a combined probable reserve of 22 Million tons of magnetite iron ore with an average Fe content of 33% since 2014. KHG has successfully operated the mines on open-pit mining basis and exploited approximately 3.50 Million tons till date. The iron ore extracted is crushed & beneficiated in 0-5 mm size at the mine site with 50-54% Fe and exported to South-East Asian markets.