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MINING INDUSTRY

The expansion of the mining sector is crucial for the overall industrial development of a country since minerals are priceless natural resources that are crucial raw materials for key industries. India’s abundant deposits of numerous metallic and non-metallic minerals provide a solid foundation for the growth and development of the country’s mining sector. In terms of metallic minerals like bauxite, chromites, iron ore, as well as mineral fuels like coal and lignite, India is essentially self-sufficient. The sector has the potential to have a substantial impact on GDP growth, and foreign exchange profits, and provide end-use industries with a competitive edge by supplying vital raw materials at competitive prices, including those in the building, infrastructure, automotive, and electrical sectors, among others. The mining equipment and chemical used in the mining industry offers market participants the chance to explore ideas for accessibility and increased availability of mining equipment and chemicals.

Due to its advantageous position, export potential can grow along with the rapidly expanding Asian markets. According to estimates, there were 1,425 reporting mines in India as of FY22, of which 525 reported for metallic minerals and 720 reported for non-metallic minerals.

Production levels of significant minerals in February 2023 were as follows: Coal 861 lakh tonnes; Lignite 41 lakh tonnes; Petroleum (crude) 22 lakh tonnes; Bauxite 1995 thousand tonnes; Chromite 330 thousand tonnes; Copper conc. 9 thousand tonnes; Gold 9 kilograms; Iron ore 245 lakh tonnes; Manganese ore 278 thousand tonnes; Zinc concentration 144 thousand tonnes. The total amount of coal produced in India increased by around 22.6% to 893.08 MT in FY23 from 728.72 MT in FY19.

In FY23 (through December 2022), the production of coal, refinery products, fertilizers, steel, electricity, and cement industries drove the combined index of the eight core industries to 152.2. Organizations like NMDC and Coal India have embarked on a journey that involves massive funding to boost the mining situation in India.

The Mining Industry calls for opportunities for mining equipment, the sales of mining equipment, rental opportunities, spares and services, automation solutions and chemicals for the Indian Industry.

MAJOR MINING LOCATIONS IN INDIA

Jharkhand: Key Minerals: Coal, iron ore, copper ore, mica, bauxite, uranium, limestone, graphite, and others. Notable Mining Areas: Dhanbad-Jharia coalfields, Noamundi, Singhbhum district, and Palamau.

Odisha: Key Minerals: Iron ore, bauxite, chromite, manganese ore, coal, and others. Notable Mining Areas: Keonjhar, Sundergarh, Koraput, and Rayagada districts.

Chhattisgarh: Key Minerals: Coal, iron ore, limestone, bauxite, and dolomite. Notable Mining Areas: Korba, Raigarh, Bilaspur, and Bastar regions.

Madhya Pradesh: Key Minerals: Coal, bauxite, copper ore, diamond, and others. Notable Mining Areas: Singrauli, Satna, Panna, and Balaghat districts.

Rajasthan: Key Minerals: Limestone, gypsum, marble, bentonite, and various other industrial minerals. Notable Mining Areas: Saurashtra region, Kachchh, and districts like Nagaur, Jaisalmer, and Udaipur.

Gujarat: Key Minerals: Limestone, lignite, bauxite, and bentonite. Notable Mining Areas: Saurashtra region, Kachchh, and districts like Bhavnagar and Surat.

Andhra Pradesh and Telangana: Key Minerals: Coal, bauxite, limestone, and granite.
Notable Mining Areas: Singareni coalfields, Khammam, and districts like Visakhapatnam and Kadapa.

Karnataka: Key Minerals: Iron ore, manganese ore, granite, and limestone. Notable Mining Areas: Ballari-Hospet region, Sandur, and districts like Bellary and Chitradurga.

Tamil Nadu: Key Minerals: Limestone, magnesite, granite, and garnet. Notable Mining Areas: Ariyalur, Perambalur, Madurai, and Coimbatore districts.

West Bengal:  Key Minerals: Coal, clay, and sand. Notable Mining Areas: Raniganj coalfield, Bardhaman, and Bankura districts.

Assam: Key Minerals: Coal and limestone. Notable Mining Areas: Makum coalfields and Karbi Anglong district.

Meghalaya: Key Minerals: Coal. Notable Mining Areas: Jaintia Hills and Garo Hills regions (note: coal mining in Meghalaya has faced environmental and safety challenges)