In the portfolio of business activities, JSPL has added a new dimension that of exploration and mining of high value minerals and metals, like diamond, precious stones, gold, platinum group of minerals, base metals, tar sands etc.

Initiation has been made in exploration for diamond, gold and associated minerals under reconnaissance permit (RP) over 2500 sq.km in Jahspur district of Chhattisgarh State. Another area of 3009 sq.km in the adjoining parts of Jharkhand State has been allotted for exploration for diamond, gold, base metals etc.

Jindal Rex Exploration Pvt. Ltd. has been incorporated under a joint venture with Rex Diamond Mining Company with the headquarters in Canada and the operational centre at Belguim.

The Project Diamond of the company not only plans for exploration and mining of diamond in the states of Chhattisgarh and Jharkhand but also has schemes for setting up cutting and polishing industries for diamond in these states, if mineable deposits are found. Under this scheme, the tribal people will be trained in the state of art in cutting and polishing of diamond, leading to their placements in this industry as well as making them independent in establishing cottage industry for cutting and polishing of diamonds, as is in existence in Surat.

JSPL has established a field unit in Jashpur Nagar, the headquarters of the tribal district of Jashpur in Chhattisgarh. A field laboratory has been set up. Systematic stream sediment sampling of first cycle has been completed within four months of the date of commencement of the project in February 2005. Geological studies have been carried out in that area, delineating the different litho types and also the structural elements taking assistance of satellite imageries. The selected batches of processed samples are being sent to South Africa and Western Australia for getting mineral chemistry of kimberlite indicator minerals. This will lead to identification of areas for search of kimberlitic rocks.

Low flying airborne magnetic survey by helicopter has been completed, in order to locate anomaly points for possible presence of Kimberlite Clan Rocks (KCR).

JSPL is also planning for expanding its exploration gamut to the other countries. Certain proposals from the African countries are under active consideration based on the data collected after the first visit by JSPL team to the African countries. We will be soon starting exploration for diamonds in Democratic Republic of Congo.