Iron Ore Mining in India to 2020 - New Market Study Published

From: Fast Market Research, Inc.
Published: Wed Nov 04 2015

* 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.

Report Highlights

* 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.

Full Report Details at

Report Scope

* 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 Get this Report

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.

Companies Mentioned in this Report: National Mineral Development Corporation Ltd, Steel Authority of India Ltd, Vedanta Ltd, Odisha Mining Corporation Ltd

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Contact Name: Bill Thompson
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