CHROMITE PROCESSING PLANT 248 MT/Day
[CODE NO.4451]
Chromite is a crystalline mineral composed primarily of iron (II) oxide and chromium (III) oxide compounds. It can be represented by the chemical formula of FeCr2O4. It is an oxide mineral belonging to the spinel group. The element magnesium can substitute for iron in variable amounts as it forms a solid solution with magnesiochromite (MgCr2O4).[6] A substitution of the element aluminium can also occur, leading to hercynite (FeAl2O4).Chromite today is mined particularly to make stainless steel through the production of ferrochrome (FeCr), which is an iron-chromium alloy. Chromite is iron-black in color with a metallic luster, a dark brown streak and hardness on the Mohs scale of 5.5.
Chromite ore is a strategic mineral. It is a combination of chromite minerals and gangue minerals that are separated through the beneficiation process after mining.
Mineral beneficiation of chromite ore is the exploitation of physical properties, such as density and chemical, magnetic, and surface characteristics, to produce concentrates.
COST ESTIMATION
Plant Capacity 248 MT/Day
Land & Building (34,099 sq.mt.) Rs. 39.08 Cr
Plant & Machinery Rs. 9.60 Cr
Working Capital for 3 Months Rs. 44.15 Cr
Total Capital Investment Rs. 94.21 Cr
Rate of Return 55%
Break Even Point 27%
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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