This rearding mining depeartment?

Question

This is ravi from bangalore i am looking more information about mining/iron ore

Answer 1

The best quality iron ore is not available at present in Karnataka, all deposits are excavated. Now only you can get enough ore (dust) at bellary - hospet belt, and to certain extent near Chitradurga.

Due to Government regulations, new entrants are barred. Legally it is difficult to get the ore. If this is for only your information only, answer is enough. Or if you really interested in getting ore, visit Bellary. Good luck.

Answer 2

A brief description of mining for minerals business in India is given below:

SIZE

India is rich in mineral resources with large reserves of several primary metal ores like iron ore, bauxite, chromium, manganese and titanium

India has

   13 billion tonnes of iron ore reserves - the 5th largest reserve base in the world

   2.3 billion tonnes of bauxite reserves - the 4th largest reserve base in the world

   160 million tonnes of manganese reserves – the 2nd largest reserve base in the world

   57 million tonnes of chromium reserves – the 3rd largest reserve base in the world

Indian deposits of bauxite and iron ore are among the best in the world in terms of quality and mineability

  STRUCTURE

Mining has a large presence of public sector companies which account for over 80% of the total value of minerals produced

Large integrated players with interests from mining to metallurgy and processing like SAIL and Tata Steel in steel and Hindalco and Nalco in aluminium, dominate the metal and mining industry

While SAIL, Nalco, National Mineral Development Corporation (NMDC) and Hindustan Copper are the largest public sector companies; Tata Steel, Hindalco and Sterlite are the major companies in the private sector

Sesa Goa (a subsidiary of Mitsui) is one of the largest companies in mining and export of iron ore

Orissa, Jharkhand and Chattisgarh are the most mineral-rich states of India

   Orissa has over 50% of India’s bauxite reserves and over 20% of India’s reserves of iron ore

  POLICY

100% FDI is allowed under the automatic route for mining of metal ores

Government keen to encourage investments for value added metal manufacturing

Mineral production in India Mineral Production 2005 (MMT) World Rank

Bauxite 11.5 6

Chromite 3.3 3

Iron ore 140 4

Manganese ore 2.0 7

Source: Indian Bureau of Mines  

OPPORTUNITY

India is rich in mineral resources with large

reserves of several primary metals

   India is an attractive destination for metal-making

OUTLOOK

Indian mineral production is expected to grow rapidly in the coming years – driven by growth in metal manufacturing

   Iron ore production is expected to grow at a CAGR of 10 - 12% over the next five years, in step with rapid growth in the steel industry

   Bauxite production is expected to double to over 23 million tonnes by 2010

High growth expected in the consumption of manganese and chromium

  POTENTIAL

India has several advantages, making it an attractive destination for mining and value addition

   Large quantity of high-quality reserves

   Low labour and conversion costs

    * India is among the lowest cost producers of Steel and Alumina

   Large and growing domestic demand

   Strategic location: proximity to the developed European markets and the fast-developing Asian markets for export of Steel, Aluminium

India presents substantial mining opportunities across all metal ores

   Estimated 82 billion tonnes of reserves of various metals yet to be tapped

Large scope for investments in mining of Iron ore and Bauxite

   While India has 7.5% of the world’s total bauxite deposits, aluminium production capacity is only 3% of world capacity, indicating the scope and need for new capacities

Large integrated international metal manufacturers including POSCO, Mittal Steel and Alcan have announced plans for expansion in India

Answer 3

Please contact Karnataka Govt. Mining Department on net for information on mining/iron ore or the Indian Govt. site, Ministry of Steel & Mines, Department of Mines for details.