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Business Description
Pan Asia Mining Limited is an investment holding company. The Company, along with its subsidiaries, has four segments: mining, which engages in the mining operations including exploration and exploitation of magnetic sand (commercial operations has not been commenced during the fiscal year ended March 31, 2012); metals, which engages in the trading of scrap metals including, aluminum, copper, stainless steel and other ferrous and non-ferrous metals; coals, which engages in the trading of coals, as well as bunker fuels, which engages in the trading of vessel fuels. As of the fiscal year ended March 31, 2012, the Company’s subsidiaries included Black Sand Enterprises Limited, Black Sand Resources Trading Limited, Black Sand Securities Trading Limited, Black Sand Metal Trading Limited, Service Form Limited and First Pine Enterprises Limited, among others.