Snapshot

Mining the future

India is home to 1,531 operating mines and produces 95 minerals – 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals.  India is the 3rd largest producer of coal. Coal production grew at CAGR 5.17% over FY14-FY19 (to 739.36 MT) and is expected grow 6-7% Y-o-Y over FY20 as miners focus on surface mining of coal.  Coal’s share in India’s primary energy consumption is expected to be 48% in 2040.  India is the 2nd largest crude steel producer in the world, generating an output of 106.5 MT in 2018, a growth of 3.7% Y-o-Y. India’s steel consumption rose 7.5% Y-o-Y and 7.9% Y-o-Y over the last 2 years, outpacing a 2.1% to 5% growth globally. 

  • Over 2030-31, crude steel demand/production forecasted to reach 255 MT
  • Per capita finished steel consumption also expected to rise to 158 kg by 2030-31 (from 73.3 kg in 2018)

The country’s FDI Policy allows:

100% FDI through automatic route in the steel and mining sectors

100% FDI for coal and lignite under automatic route

For further details, please refer FDI Policy

  • 300 MT

    Domestic steel production capacity by 2030

  • $14.02 bn

    FDI equity inflows into the Metallurgical and mining (April 2000-June 2019)

  • $27.73 mn

    FDI equity inflows into coal production (April 2000-June 2019)

  • 20 %

    Total reserves in India that have been mined until now

A

Second largest crude steel producer in the world

C

Third largest coal producer in the world

B

Fourth largest iron ore producer in the world

Industry Scenario

With barely 20% of reserves mined, India presents a major opportunity for investors.

India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts.

The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification and a focus on building renewable energy projects under the National Electricity Policy.

Growth Drivers

  • Cost advantage

    Cost advantage in steel and alumina production-conversion
  • Rising demand from infrastructure and transportation sectors

    Schemes such as Housing for all by 2022 and expansion of railway network
  • Unexplored mines

    Only 20% of the total reserves have been mined till now
  • Supportive government policies

    Permission granted to captive mines to sell coal in open market
  • Open

    Cabinet approves proposal for Review of…

  • Open

    Cabinet approves proposal for Review of…

    The Union Cabinet chaired by the Prime Minister Shri Narendr…

  • Open

    Mines and Mineral Development and Regula…

    An Act to provide for the development and regulation of mine…

  • Open

    National Mineral Exploration policy, 201…

    The National Mineral Exploration policy document spells out…

  • Open

    National Mineral Exploration Trust (NMET…

    The Indian Government has created NMET to increase spending…

  • Open

    National Mineral Policy 2019

    To promote sustainable extraction of minerals, and create an…

  • Open

    National Steel Policy

    The new Steel Policy enshrines the long term vision of the G…

  • Open

    Steel Scrap Recycling Policy

    To promote a formal and scientific collection, dismantling…

Investible Projects

Investment Opportunities in Metals & Mining

  • Projects

    4

  • Opportunity

    $1.89 bn

  • Promoters

    3

  • District

    4

  • Private Projects

    2

  • Govt. Projects

    2

open

$1.67 bn

Gevra Open Cast Coal Mining Project

State (s) Chhattisgarh
open

$218.75 mn

Rampur-Batura Open Cast Mining Project

State (s) Madhya Pradesh
open

$3.53 mn

Aggregate Mining Project

State (s) Maharashtra
open

$1.86 mn

Jamadoba Underground Coal Mining Project [Dhanbad]

State (s) Jharkhand

Major Investors

Data on Map

  • Mining projects in India
  • Mining business in India

Latest in Metals & Mining

FAQ

Frequently
Asked Questions

  • Who grants Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML)?

    As per the Mines and Minerals (Development & Regulation) Act (MMDR) Amendment Act 2015, the grant of Mining Leases (ML) and Prospecting License-cum-Mining Lease (PL-cum-ML) happens only through an auction process.

    For more information, click here.

  • How can Mineral Concession (PL/ML) in Forest Land be obtained?

    No concessions can be granted without prior approval under Forest Conservation Act, 1980. After obtaining in principle consent from State Government and prior approval by Central Government as per the provision of Mines and Minerals (Development & Regulation) Act 1957.The applicant has to take necessary steps to obtain permission under Forest Conservation Act, 1980. After getting clearances, the grant of concession is done by State Government.

  • Who is responsible for sanctioning Prospecting License/Mining Lease in India?

    Mineral Resources Department, State Government is empowered to sanction Prospecting License/Mining Lease. 

    For more information, click here.

  • After filing application for Prospecting License/Mining Lease at District Collector Office, what are the steps taken to process applications under mining sector?

    1) After ensuring correctness of application, internal reports from different departments are sought: 
    a) Revenue Department.
    b) Forest Department.
    c) Gram Panchayat Report.
    d) If applied area falls near by the restricted land as per provision of Mineral Concession Rule 1960 then report is sought from concerning State/Central authority.

    2) After scrutiny of application it is forwarded to State Government for further action.

  • What are the precautions to be taken for filing applications for obtaining Mineral Concessions?

    The application must be filed within prescribed format of Mineral Concession Rule 1960, available in GOI, Ministry of Mines website link. Entries must be complete in all respect and should be supported with documentary evidences as per provisions of rule 9, 22 of Mineral Concession Rule 1960. In absence of all documents, disposal of application may be delayed. Further, incomplete applications are liable to be cancelled.

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