As a mineral rich continent with untapped resources, Africa features prominently in the Group´s vision to expand and diversify. Application for prospecting 5 manganese ore farms have been accepted by the Government of South Africa. A Black Economic Empowerment (BEE) group holds 26% equity stake in them along with GRM.
Active discussions are being held with the government authorities in Zimbabwe and Mozambique for thermal coal, coking coal and other mineral prospects.
"Believe that problems do have answers, that they can be overcome and that we can solve them." - Norman Vincent Peale
GRM group owns exploration permit over 15.7 square kilometres in the coking coal rich Bowen Basin in Queensland. Initial exploration work has confirmed a reserve of 123 million tonnes of prime hard coking coal.
Mine design and development works are currently being undertaken with the target of commissioning the project by 2013. GRM has filed an application to convert the exploration permit to mining permit.
"The wonderful thing about the game of life is that winning and losing are only temporary..unless you quit." - Dr Fred Mills
CPCM a subsidiary of GRM, holds the coal rights over an 158 sq km area in central portion of the Crowsnest coal field, Elk Valley, British Columbia, Canada . The area is underlain by 11 named coal seams and represents one of the largest undeveloped coal blocks in Canada. The property is located in close proximity to the main rail line transporting coking coal from the Teck mines immediately to the north to Vancouver approximately 950 km away.
GRM is presently developing and evaluating a range of exploration and underground development options for this property
"One´s objective should be to get it right, get it quick, get it out, and get it over. You see, your problem won´t improve with age" - Warren Buffett
Definite prospects have been identified and preliminary investigation are being carried out in various areas of the island to develop and harness the following natural resources:
Chrome - Used in metallurgical, dyeing, tanning and refractory industries. Thermal Coal - Major source of energy for power generation and in various other industries. Coking coal - For the production of coke, source of energy in blast furnace in steel industry. Gold - A rare and expensive element. Zircon - Used in abrasive, insulating and refractory industries.