KHG had obtained exploitation license for 2 magnetite iron ore mines in MENA region on 25 year lease basis. The mineral deposit was spread over an area 2.70 & 6.50 square kilometers and the mines had 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 MT before shutting operations. The iron ore extracted was crushed & beneficiated in 0-5 mm size at mine site with 50-54% Fe and exported to South-East Asian markets.