# Lloyds Metals and Energy signs MoU with Thriveni Earthmovers for mining JV

Lloyds Metals and Energy entered an MoU with Thriveni Earthmovers to form a joint venture for iron ore mining at Surjagarh, Maharashtra, targeting 1 million tonnes within 12 months and 3 million tonnes in three years.

- Type: Partnership
- Announced: 2020-05-08
- Where: Surjagarh, Gadchiroli district, Maharashtra, India
- Status: announced
- Capacity: 1 million tonnes per year (initial), 3 million tonnes per year (rated)
- Products: iron ore
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lloyds Metals and Energy](https://endata.com/companies/14384.md) (partner)
- [Thriveni Earthmovers](https://endata.com/companies/47105.md) (partner)

## Sources

- [projectstoday.com](https://www.projectstoday.com/News/Lloyds-Metals-and-Energy-enters-MoU-with-Thriveni-Earthmovers), 2020-05-08: "Lloyds Metals and Energy has entered into a memorandum of understanding (MoU) with Thriveni Earthmovers (TEPL) to incorporate a new joint venture (JV) company in the state of Maharashtra for carry mining operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.