Company Overview of Archean Group
Archean Group operates in industrial salt, building material, mining and mineral, industrial chemical and fertilizer, shipping and shipbuilding, and oil exploration businesses. Its industrial salt business includes manufacturing triple refined iodized and industrial-grade salt in India, as well as exporting to Kenya, Ethiopia, and Sri Lanka; and building material business comprises the supply of custom-designed and cut stones to buyers in Europe and North America, as well as construction materials to the building industry in the Middle East. The company’s mining and mineral business includes the export of iron ore to the Asia Pacific; industrial chemical and fertilizer business comprises the...
TVH Beliciaa Towers
94, MRC Nagar
Chennai, 600 028
Founded in 1982
Key Executives for Archean Group
Group Chief Financial Officer
Group Chief Operating Officer
Compensation as of Fiscal Year 2012.
Archean Group Key Developments
Archean Reportedly Bids For Siarkopol
Jul 5 12
Archean Group has made a bid to participate in the privatization of 85% stake in Kopalnie i Zaklady Chemiczne Siarki Siarkopol S.A. (Siarkopol). Archean is one of the three shortlisted bidders for Siarkopol. The Times of India reported that Archean could not be reached for immediate comments. Poland is expected to announce the winner of Siarkopol in the next couple of weeks.
Clean Coal Technologies, Inc. Announces Joint Venture with Archean Group in ASEAN Region
May 31 12
Clean Coal Technologies, Inc. announced the formation of Good Coal PTE. Ltd., a Joint Venture between Archean Group and Clean Coal Technologies. Under the agreement, as previously announced, the joint venture company will develop, deploy and market Clean Coal Technologies' Pristine-M(TM) technology throughout the ASEAN region. The JV will be owned 55% by Archean Group and 45% by Clean Coal Technologies. Through the JV partnership, a 1:10 scale commercial unit of the patented clean coal process is to be constructed in Oklahoma. Beyond the $2 million estimated cost of the pilot plant, Archean Group has committed to contribute $2.0 million to the JV.
Clean Coal Technologies, Inc. Agrees to Form Joint Venture with the Archean Group
Mar 15 12
Clean Coal Technologies, Inc. has instead entered into a binding terms of agreement for a joint venture with the Archean Group to develop, deploy and market CCTI's Pristine M technology throughout the ASEAN region. It is anticipated that the joint venture company will be owned 55% by AGPL and 45% by CCTI. In exchange for a 55% ownership interest in the JV, AGPL has committed to contribute $4.0 million to the JV. Of this amount, it is anticipated that $2.0 million will be used to fund the construction of a 1:10-scale pilot plant in Oklahoma. The remaining $2.0 million is a one-time license fee that will be payable to CCTI upon successful commissioning of the pilot plant. Construction of the pilot plant in Oklahoma will commence immediately upon execution of the EPC Contract and receipt of a down payment to SAIC by the JV. It is expected that the EPC Contract will be formalized this month and construction of the pilot plant will begin in April with construction scheduled to be completed within 16 to 24 weeks. Under the binding terms of the agreement, AGPL will pay a $1.00 per ton ongoing royalty fee for all coal processed from AGPL majority-owned mines provided that no royalty fee will be payable for the first two million tons of coal produced. In exchange for its 45% ownership interest in the JV, CCTI will contribute a 25-year exclusive license to develop, market and deploy its Pristine M technology, covering the ASEAN countries, including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar. In addition to providing certain funding for the JV, AGPL has also agreed to purchase a 6.7% stake in CCTI for $2.0 million. It is anticipated that the funds will be paid to CCTI during the week of March 19, 2012.
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