Iron Ore Mining in India to 2021 - Iron Ore Industry to Pick up Pace, Aided by Strong Steel Demand and Rapid Economic Growth - Product Image

Iron Ore Mining in India to 2021 - Iron Ore Industry to Pick up Pace, Aided by Strong Steel Demand and Rapid Economic Growth

  • ID: 4391912
  • Report
  • Region: India
  • 48 pages
  • GlobalData
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FEATURED COMPANIES

  • Odisha Mining Corp Ltd
  • Vedanta Resources plc
  • MORE
Iron Ore Mining in India to 2021 - Iron Ore Industry to Pick up Pace, Aided by Strong Steel Demand and Rapid Economic Growth

Summary

India is endowed with metallic, non-metallic, and atomic minerals, among others. Accounting for 4.8% of global iron ore reserves, the country was the fifth-largest producer as of January 2017. The majority of this is hematite ore, which is predominantly found across the Indian states of Odisha, Jharkhand, and Chhattisgarh.

Since 2010, the Indian iron ore industry has been severely impacted by stringent government rules, especially in Goa and Karnataka. The country’s iron ore output saw a major downfall between 2010 and 2013. However, after production limits were revoked, the supply started to recover in 2014. Over the forecast period 2017-2021, India’s production is expected to grow at a compound annual growth rate (CAGR) of 4.4%, attributed to the commencement of various iron ore mines and the expansion of existing ones.

During 2016, iron ore consumption in India grew by 1.7% because of a 6.7% increase in the country’s crude steel production. During the same year, 98.5% of the iron ore was consumed by the iron and steel industry. The country’s demand for iron ore is mainly driven by the domestic steel industry. With robust growth in the country’s infrastructural and construction activities, India’s iron ore consumption is expected to post a forecast period CAGR of 8.2%.

India imports iron ore from South Africa and Brazil and, in 2016, these two countries together accounted for 97.7% of total iron ore imports. China, on the other hand, is the largest export partner for India, which accounted for 96.9% of the total iron ore exported from the country during the same year. Over the forecast period, the country’s iron ore exports are expected to grow at a CAGR of 12%, while imports are expected to post a forecast period CAGR of 0.6%.

Country’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 Bill 2015, which came into effect on January 12, 2015, and the Mines Act 1952, along with the rules and regulations framed, constitute the basic laws under which the Indian mining sector performs.

The report "Iron Ore Mining in India to 2021 - Iron Ore Industry to Pick up Pace, Aided by Strong Steel Demand and Rapid Economic Growth", contains an overview of the Indian iron ore mining industry together with the key factors affecting the industry and demand for the commodity. Moreover, 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.

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

Scope
  • Summary of the country’s mining industry across various parameters - reserves, production, consumption, trade, competitive landscape, regulatory scenario and the future potential.
  • Iron ore production, consumption and trade numbers from 2000-2016 and forecast for next five years to 2021.
  • Production split by form and consumption split by end use sectors.
  • Policies and regulatory framework governing the industry.
  • Company details, including company overview, business description and data on major active, exploration and development iron ore projects.
Reasons to buy
  • Gain an understanding of India’s iron ore mining industry
  • Facilitate decision-making based on strong historic and forecast data
  • Obtain the state-wise most up to date information for active, exploration and development iron ore projects.
  • Develop strategies based on the latest regulatory events
  • Identify various factors affecting the iron ore demand.
  • Identify key operating companies’ and obtain the business structure, strategy and prospects.
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FEATURED COMPANIES

  • Odisha Mining Corp Ltd
  • Vedanta Resources plc
  • MORE
1 Table of Contents
2. Iron Ore Mining in India to 2021
2.1. Key Highlights
3. Iron Ore Mining in India: Reserves, Production, Consumption, and Trade
3.1. Reserves/Resources by State, Form, and Grade
3.2. Historical and Forecast Production
3.2.1. Production by state
3.3. Active Mines
3.4. Exploration Projects
3.5. Development Projects
3.6. Consumption and Trade
3.6.1. Domestic iron ore consumption
3.6.2. Iron ore trade
3.7. Demand Drivers
3.7.1. Demand for pig iron and sponge iron
4. Major Iron Ore Producers in India
4.1. Odisha Mining Corp Ltd
4.2. Steel Authority of India Ltd
4.3. National Mineral Development Corporation Ltd
4.4. Vedanta Resources plc
5. Fiscal Regime
5.1. The Indian Mining Industry - Governing Bodies
5.1.1. Ministry of Mines
5.1.2. Ministry of Coal
5.1.3. Ministry of Steel
5.1.4. Ministry of Environment, Forests and Climate Change (MoEFCC)
5.1.5. Department of Atomic Energy (DAE)
5.2. The Indian Mining Industry - Rules and Regulations
5.2.1. Mines and Minerals (Development and Regulation) Act (MMDR), 1957
5.2.2. Mineral Conservation and Development Rule, 2017
5.2.3. Other Mining Laws
5.2.4. The Coal Mines (Special Provisions) Act, 2015
5.2.5. Coal Blocks Allocation Rules, 2017
5.3. The Indian Mining Industry - Mining Concessions, Rights and Obligations
5.3.1. Reconnaissance Permit (RP)
5.3.2. Prospecting License (PL)
5.3.3. Mining Lease (ML)
5.3.4. Rights
5.3.5. Obligations
5.4. The Indian Mining Industry - Royalty Rates
5.4.1. Royalty Rate
5.4.2. Coal - West Bengal
5.4.3. Gold and silver
5.4.4. Mining Concession Fees
5.4.5. Dead Rent Rates
6. Appendix
6.1. Abbreviations
6.2. Methodology
6.2.1. Coverage
6.2.2. Secondary Research
6.3. Contact
6.4. Disclaimer

List of Tables
Table 1: Iron Ore Mining in India - Hematite Ore Reserves and Resource by Form (Million Tonnes), April 2017
Table 2: Iron Ore Mining in India - Hematite Ore Reserves and Resource by State (Million Tonnes), April 2017
Table 3: Iron Ore Mining in India - Historical and Forecast Iron Ore Production by Form (Million Tonnes), 2000-2021
Table 4: Iron Ore Mining in India - Historical and Forecast Iron Ore Production by State (Million Tonnes), FY2010-FY2022
Table 5: Iron Ore Mining in India - Active Mines, 2017
Table 6: Iron Ore Mining in India - Exploration Projects, 2017
Table 7: Iron Ore Mining in India - Development Projects, 2017
Table 8: Iron Ore Mining in India - Historical and Forecast Iron Ore Consumption by End Use (Million Tonnes), 2000-2021
Table 9: Iron Ore Mining in India - Iron Ore Imports by Country (Million Tonnes), 2014-2016
Table 10: Iron Ore Mining in India - Iron Ore Imports by Country (Million Tonnes), 2014-2016
Table 11: Iron Ore Mining in India - Historical and Forecast Iron Ore Trade (Million Tonnes), 2000-2021
Table 12: Iron Ore Mining in India - Odisha Mining Corp Ltd, Major Projects, 2017
Table 13: Iron Ore Mining in India - Steel Authority of India Ltd, Major Projects, 2017
Table 14: Iron Ore Mining in India - National Mineral Development Corporation Ltd, Major Projects, 2017
Table 15: Iron Ore Mining in India - Vedanta Resources plc, Major Projects, 2017
Table 16: The Mining Industry in India - Royalty Rates by Commodity, 2017
Table 17: The Mining Industry in India - Coal and Lignite Royalty Rates, West Bengal (?/Tonne), 2017
Table 18: The Mining Industry in India - Annual Dead Rent Rates Per Hectare (INR/Ha), 2017

List of Figures
Figure 1: Iron Ore Mining in India - Historical Iron Ore Production Scenario, 2009-2015
Figure 2: Iron Ore Mining in India - Historical and Forecast Iron Ore Production by Form (Million Tonnes), 2000-2021
Figure 3: Iron Ore Mining in India - Historical and Forecast Iron Ore Production by State (Million Tonnes), FY2010 - FY2022
Figure 4: Iron Ore Mining in India - Historical and Forecast Iron Ore Consumption (Million Tonnes), 2000-2021
Figure 5: Iron Ore Mining in India - Major Exporters and Importers, 2016
Figure 6: Iron Ore Mining in India - India’s Iron Ore Exports and Imports Percentage Change, 2002-2021
Figure 7: Iron Ore Mining in India - Major Iron Ore Mines and Major Existing Steel Capacities by Technology in India, January 2017
Figure 8: Iron Ore Mining in India - Factors Supporting Indian Steel Demand
Figure 9: Iron Ore Mining in India - Pig Iron and Sponge Iron Production Trend (Million Tonnes), April 1992 - January 2017
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  • Odisha Mining Corp Ltd
  • Steel Authority of India Ltd
  • National Mineral Development Corporation Ltd
  • Vedanta Resources plc
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