PRLog (Press Release) – Jul 05, 2011 – India hosts a wide range of globally significant mineral resources, including four fuel minerals (such as coal), 11 metallic minerals (such as iron), 22 minor minerals (such as copper) and 52 non-metallic minerals (such as clay). The country ranks among the world's top five nations for its core competency commodity reserves of coal and iron ore. Iron ore reserves are estimated in the region of 23bn tonnes and account for 6% of global reserves, while coal reserves are reported to be around 255bn tonnes. India is the world's thirdlargest producer of coal, fourth-largest producer of iron ore and the fifth-largest producer of bauxite. However, only 10% of the country's landmass has been explored due primarily to complicated paperwork, excessive regulations and bureaucratic wrangles.
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India's mining industry looks set to post average annual growth of 6.2% in real terms from 2011 to 2015 to reach US$85.0bn at the end of the period, as output of key minerals looks set to grow in the coming quarters and years. However, growth in 2011 and beyond will continue to be curtailed by India's poor operating environment. A bright spot, however, is the increasing number of Indian companies venturing overseas to secure stable, long-term supplies of minerals such as coal and iron ore in a bid to meet fast-rising domestic demand.
India's regulatory environment is prohibitive for the global investor. The present practice in the Indian mining industry involves issuing a mining permit/licence contingent on success in the reconnaissance phase. This practice exposes firms to high levels of risk. Moreover, Indian states hold the sole licensing authority for most minerals, leaving aside a few such as iron ore and uranium, which require prior consent from the central government. In spite of best efforts to maintain a degree of uniformity in licensing norms across states, many areas of difference still exist from state to state.
India's mining sector is highly fragmented, with a large number of small and inefficient mines, many of them illegal. According to Austrade, 95% of operating mines in India produce only about 50% of the country's mineral output. Given the sector's strategic and economic importance, there is significant government involvement, with the sector dominated by state-owned companies or Public-Sector Undertakings (PSUs) such as National Aluminium Corp (NALCO), SAIL, National Mineral Development Corp (NMDC) and Coal India. Indeed, according to the USGS, PSUs contribute about 85% of India's total value of mineral production and are the main producers of key commodities such as coal, iron ore, aluminium, copper and gold.
Report Table of Contents:
SWOT - Political SWOT - Economic SWOT - Business Environment SWOT Global Mining Outlook - Political Risks Set To Rise - Table: Government Intervention - Table: New Coal Projects In Southern Africa - Table: Other Major Developments Industry Trend Analysis - Table: Main Expansion Plans - Table: India Mining Industry Industry Forecast - Lead & Zinc: Output Growth To Slow From 2013 As Vedanta Seeks Growth Overseas - Table: Key Lead & Zinc Expansion Plans - Table: Lead & Zinc Forecasts, 2008-2015 - Iron Ore: Growth Prospects Revised Upwards - Table: Key Expansion Plans - Table: India Iron Ore Production, 2008-2015 Regulatory Development Industry Business Environment Overview - Table: Asia Pacific Mining Risk/Reward Ratings - Q311 - Australia: Tops Again Despite Coal Problems, Rosy Outlook Kenmore Bisque 15 inchi Ahead - China: Continues To Do Well As Restructuring Goes On - Indonesia: Proving To Be Asia's 'Next Big Thing' - India: Ratings Improve Slightly, But Could Still Slide Political Outlook Macroeconomic Forecasts - Table: India - Economic Activity Competitive Landscape - Table: Mining Industry, Fiscal Year Ended March 2010 (US$mn) Commodities Forecast - Aluminium - Copper - G manual trash compactor old - Lead - Nickel - Tin - Zinc Country Snapshot: India Demographic Data - Section 1: Population - Table: Table: Demographic Indicators, 2005-2030 - Table: Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Table: Education, 2002-2005 - Table: Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Powe garbage compactor review r - Table: Table: Employment Indicators,1996-2001 - Table: Table: Consumer Expenditure, 2000-2012 (US$) - Table: Table: Average Annual Manufacturing Wages, 2000-2012 Methodology - Table: Table: Mining Business Environment Indicators - Table: Table: Weighting Of Components
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