An Act to provide for the development and regulation of mines and minerals under the supervision and control of the Government of India.
Mining the future
The Indian mining sector that was valued at USD 41.7 bn in 2014-15, is estimated to reach USD 126 bn by 2025. The sector accounted for about 2.6% of the total gross value added (GVA) in 2015-16.
The total value of mineral production (excluding atomic & fuel minerals) during 2017-18 has been estimated at USD 16.6 bn, which shows an increase of about 13% over that of the previous year. During 2017-18, estimated value for metallic minerals is USD 7.7 bn or 47.7% of the total value and non-metallic minerals including minor minerals is ` USD 8.8 bn or 53.3% of the total value.
100% FDI allowed in mining and exploration of metal and non-metal ores under automatic route
100% FDI allowed in mining and mineral separation of titanium bearing minerals and ores, its value addition and integrated activities under government route
for more details, FDI Policy 2017
- Second largest coal & steel producer in the world
- Fourth largest iron ore producer in the world
- Ninth largest bauxite reserves in the world
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. India produces as many as 95 minerals, which includes 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials). In 2015-16, there were more than 2,101 reported mines excluding atomic and minor minerals, natural gas and petroleum (crude).
Out of 2101 reported mines, 274 were located in Madhya Pradesh followed by Tamil Nadu (252), Gujarat (225), Jharkhand (211), Chhattisgarh (162), Odisha (157), Karnataka (146), Andhra Pradesh (135), Maharashtra (134), West Bengal (100). These 10 states together accounted for 85% of the total number of mines in the country in 2015-16. Among them, 558 mines belonged to coal and lignite, 668 to metallic minerals and 975 to non-metallic minerals.
- Coal production share (global)
- Petcoke imports growth (FY17)
- Mineral production index
- Crude steel production share (global)
Growth in FDI for the 3 years period 2014-17 viz-a-viz 2011-14
FDI (in USD) in mining inflow during April 2000 - December 2017
FDI (in USD) in coal production during April 2000 - September 2017
August 2017 - Adani Enterprises Ltd announced that it is ready to start work on the USD 16.5 bn Carmichael mine. The project is expected to commence production in FY 2020-21 with an output of 25 mn tonnes in the first phase.
June 2017 - JSW Steel proposed constructing a slurry pipeline project to transport iron ore and coal at competitive prices in Karnataka with an investment of USD 3.3 bn . JSW Steel is currently operating a 12-MMTPA integrated steel plant in the area.
March 2017 - Hindustan Zinc announced that it will set up its first Zinc Fumer Plant in Rajasthan by 2018 with an investment of USD 83.2 mn . This plant will extract metals from waste and will have an annual production capacity of 3,000 tonnes.
March 2017 - Mangal Credit and Fincorp announced plans of diversifying in iron ore mining by acquiring a mine near Goa. The 21 ha mine consists of iron ore reserve worth USD 223.1 mn .