DEGAN EXPLORATION WORKS PVT LIMITED (DEW) A SUBSIDIARY OF FWO
Pakistan is endowed with extensive geological potential. The country possesses huge resources of mineral deposits such as copper, gold, lead, zinc, coal, industrial stones, quality gemstones and rare metals. However, unlike other developed countries with good mineral endowment, Pakistan has not yet been able to promote growth and alleviate poverty by exploring natural recourses to the maximum possible extent. Mineral exploration contributes only 0.5% of GDP.
The reasons for not effectively utilizing this huge natural wealth is, non-availability of requisite finances, deteriorated security environment, lack of required skills / infra-structure, deficiency of modern exploration techniques / equipment, corrupt system and preference of personal gains over national interest. It is also worth mentioning that considerable part of the mining activities in Pakistan have been illegal and huge quantity of expensive minerals exported to other countries as raw material on minimal rates with no benefit to either the state or the people of Pakistan. The raw material is subsequently processed in modern refineries in other countries to obtain expensive products.Such a state of affairs calls for immediate steps at national level. Mining being a provincial subject restricts federal intervention limited to rare metals only. Therefore, Frontier Works Organization (FWO) established Mineral Exploration and Development Organization (MEDO) which not only gets into the mineral sector to safeguard the national interests but also act as an engine for the development and exploitation of huge mineral potential of the country. Besides carrying out detail technical and financial feasibility, acquisition process for a particular project in the country, MEDO is interacting with provincial clients / Departments for the finalization of concession agreements in Punjab, Sindh, Baluchistan, Azad Kashmir and Gilgit Baltistan. MEDO will also lead the mineral exploration and support large scale mineral development infra-structure in Pakistan under the umbrella of FWO – Pakistan Atomic Energy Commission (PAEC) consortium to reach out to huge unexplored / untapped mineral wealth of Pakistan thus contributing towards National economy
MEDO MINING EXPLORATION SPECTRUM
Presently MEDO is involved in following mining tasks:-
MEDO has been successful in convincing its clients / mining departments for agreements in various business ventures. Besides other provinces MEDO has acquired an mining assignment of Granite lease in Nagarparkar District Tharparkar, Sindh for a period of 30 years by signing an agreement with M/s Kohinoor Marble Industries Pvt Ltd Karachi. FWO has already mobilized its resources and commencing its mining operation in Nagarparkar area with the aim of maximizing/ modernizing granite industry in Sindh vis-a-vis providing job opportunities / welfare for the poor people of Tharparkar by developing social business plan.
Degan Exploration Works Pvt Ltd . In order to direct and employ the huge resources held with FWO for mineral exploration and development on national level, a special purpose wholly owned vehicle company, “Degan Exploration Works Pvt Ltd (DEW)” has been established as subsidiary of FWO. Presently DEW is performing following tasks in FATA / NWA:-
• Creation of jobs through social business development
• Construction of school, hospital and other infrastructure through mining projects.
• Improvement of electrical / water supply, transport facilities
• Construction of Road Miranshah – Datta Khel
• Rd Mir Ali - Gariom – Dosali
• Rd Razmak – Pash Ziarat - Dre Nishtar
• Development of tracks to mining sites with capital expenditure for mine project development
Milestone Achieved by DEW
Envisaged Mega Projects in NWA