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The Privatisation Commission (PC) has received six Expression of Interest (EOI)
for appointment of Financial Advisor for the privatisation of Pakistan Mineral
Development Corporation’s (PMDC) Coal and Salt mines.
These coal and salt mines projects of Pakistan Mineral Development Corporation
(PMDC) include 1. Lakhra Coal Mining Project, Sindh , 2. Sor-Range Collieries,
Balochistan, 3. Degari Collieries, Balochistan, 4. Sharigh Collieries
Balochistan, 5. Warcha Salt Mines, Punjab, 6. Khewra Salt Mines, Punjab, 7.
Kalabagh Salt Mines, Punjab and 8. Jatta/Bahadur Khel/Karak Salt Quarries,
NWFP.
The parties, which have expressed their interest include 1. Anjum Asim Shahid
Rahman, Chartered Accounts (Grant Thornton), 2. Global Union Energy Ventures,
3. Khalid Majid Rahman Sarfraz Rahim Iqbal Rafiq, Chartered Accountants, 4.
Nabeel Construction (Pvt) Ltd., 5 Pak Oman Investment Company Limited and 6.
Riaz Ahmad & Company, Chartered Accountants. All these parties are being sent
Terms of Reference (TOR) and the scope of work of FA, which is detailed in the
Request for Proposals (RFP) package to proceed further for the evaluation
process. The Financial Advisory consortium, interalia, will comprise of a
Chartered Accountancy firm (including a valuer), a mining professional/firm
with a demonstrable expertise in mining sector and a law firm.
Pakistan Mineral Development Corporation (PMDC) is a private limited company
wholly owned by Federal Government, which was established in July 1974 under
Companies Act 1913 (Now Companies Ordinance 1984).