LONDON, Nov. 2, 2015 /PRNewswire/ --Synopsis
Timetric's 'Iron Ore Mining in India to 2020' report comprehensively covers Indian reserves of iron ore, reserves by grade, hematite reserves by state, historic and forecast data on Indian iron ore production and production by form, iron ore production by state, iron ore prices, historic and forecast iron ore consumption and exports vs crude steel production in India, exports and imports by country and grades of iron ore lumps and fines at port.
The report also includes factors affecting demand for iron ore, profiles of major iron ore producing companies and information on the active, exploration and development iron ore projects.
The fiscal regime section provides information about the country's regulatory authority, laws, licenses and other fiscal regime information such as taxes, rates and other charges applicable to the mining of the commodity in the country. It is an essential tool for companies active in Indian mining, and for new competitors considering entering the industry.
- India had the fifth-largest global reserves of iron ore in January 2015, at 8.1 billion tonnes (Bnt), accounting for 4.2% of the global total. The majority of this is found in the states of Odisha, Jharkhand and Karnataka.
- The iron ore industry was severely impacted by the ban on iron ore mining in Goa and Karnataka. Following the ban, iron ore production in the southern state of Karnataka dropped from 39Mt in 2010 to 13Mt in 2011.
- Similarly, iron ore production in Goa decreased by 68.3% to 10.6Mt in 2012. Despite this, India ranked fourth globally in terms of iron ore production after China, Australia and Brazil, accounting for 129.1Mt or 6.3% of global iron ore production in 2014.
- The report contains an overview of the Indian iron ore mining industry together with the key factors affecting the industry and demand for the commodity.
- It provides information about reserves, reserves by grade and state, historic production and production forecast, production by form and state, historic and forecast iron ore consumption and exports vs crude steel production, export and import of iron ore by grade and country, iron ore prices, specification of grades of iron ore lumps and fines at point of export, the competitive landscape and active, exploration and development iron ore projects.
Reasons To Buy
Gain an understanding of the Indian iron ore mining industry, it's reserves and reserves by grade, historic and forecast production, production by form and state, iron ore prices, historic and forecast coal consumption and exports vs crude steel production, grades of Indian iron ore lumps and fines at port, demand drivers, active, exploration and development projects, the competitive landscape and the country's fiscal regime.
- The Honorable Supreme Court of India lifted the ban on iron ore mining in the state of Karnataka on April 18, 2013 and mining operations resumed in 19 mines. The ban on mining in Goa was removed on April 21, 2014, with an interim cap on production from the mining leases in the state to 20Mt per annum.
- Indian iron ore consumption measured 121.6Mt in 2014, up by 10% over 2013, with 97.6% of the iron ore consumed by the domestic steel industry.
- The India's mining industry is governed by the Ministry of Mines, the Indian Bureau of Mines (IBM) and the Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Amendment Act 2015 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the Indian mining sector.
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