IPM in India
India has historically been a mineral-rich country, and produces substantial volumes of minerals that are essential for ferrous and non-ferrous industries, like iron ore, chrome ore, copper, bauxite, and coal. Being one of the fastest growing economies in the world today, the industrial growth of India in the core sectors over the last decade was projected to soon outpace its supply of raw materials, leading to an internal supply deficit in terms of the essential raw materials, resulting in a lot of potential for imported commodities.
With this in mind, the journey of IPM COMMODITIES PRIVATE LIMITED, fondly referred to by its employees, customers and business associates as “IPMC”, began in April 2010 when the Company was incorporated with its registered office in Kolkata, India. The organisation was formed with the mission of providing complete solutions in terms of raw materials to the steel and associated industries in India. It started its operations with manganese ore sourced from Assmang Manganese in South Africa, and this commodity still continues to form the company’s core business. The portfolio was further increased to include sourcing of iron ore to cater to the Indian steel plants. In recents months we have added ferromanganese to our basket of supplies from the alloy plants of Assmang, located in South Africa & Malaysia.
Minmet S.A.M., a company registered in Monaco, today holds the major of IPMC. With recent structural changes at the top level, IPMC has now become part of the Assore Group, a giant by its own stature and one of the largest mining companies in South Africa. The primary focus of IPMC is to act as an exclusive Management Consultant for the Assore Group in the Indian market, whilst also providing a an on the ground presence for the Assore Group as it looks to grow its international marketing capabilities.