Iron Ore Mining in India to 2020

Published: Apr, 2014 | Pages: 53 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Iron Ore Mining in India to 2020 provides historical and forecast data on iron ore production (and also by form), reserves, consumption and trade to 2020. The trade section provides information on export volumes to destination countries. The report also includes drivers and restraints affecting the industry, profiles of major iron ore mining companies, information on the major active, development and exploration projects and regulations governing the industry. 

Summary
India is one of the leading producers of iron ore, with estimated total resources of over 28.5 billion tons (bt) of hematite (Fe2O3) and magnetite (Fe3O4) taken together. Of the 294 iron ore mines in 2012, compared to 336 in 2010, 34 were in the public sector while the remaining 260 were owned by private firms in 2012. In 2013, production was estimated at 142.9 million tons (Mt), which is expected to increase to 284Mt in 2020, growing at a compound annual growth rate (CAGR) of 7.4%. Simultaneously, iron ore consumption over the forecast period (2014-2020) is projected to increase to 238.3Mt in 2020.  
Scope
The report contains an overview of the Indian iron ore mining industry together with the key growth factors and restraints affecting the country's iron ore mining industry. Further, it provides detailed information about production, prices, reserves, reserves by regions, competitive landscape, major active, exploration and development projects, consumption and trade. Also included is the country's fiscal regime, which includes governing bodies and relevant laws, rights and obligations of the mining companies, as well as key fiscal terms. 
Reason To Buy
To gain an understanding of the Indian iron ore mining industry, the relevant drivers and restraining factors, historical and forecast production, consumption and trade data and the fiscal regime. 
Key Highlights
 India is one of the leading producers of iron ore, with estimated total resources of over 28.5 billion tons (bt) of hematite (Fe2O3) and magnetite (Fe3O4) taken together. Of the 294 iron ore mines in 2012, compared to 336 in 2010, 34 were in the public sector while the remaining 260 were owned by private firms in 2012. 
The Supreme Court of India, on April 21, 2014, lifted a 19-months old ban on mining in Goa, the top iron ore exporting state. The ban was imposed to protect against illegal mining activities and to achieve its objective, the panel appointed by the Supreme Court suggested capping production at 20Mt. 
India has substantial iron ore resources, with significant deposits of hematite and magnetite. Around 59% of hematite ore deposits are found in the east, while 92% of magnetite ore deposits occur in southern India, especially in the state of Karnataka.
India's forecast iron ore production measured 142.9Mt in 2013, a marginal increase of 2% over 2012. Since 2000, iron ore production increased substantially from 80.7Mt to a high of 218.6Mt in 2009 but reported a downward trend after this due to a mining ban in states such as Karnataka and Goa. India's iron ore production is projected to grow at a CAGR of 7.4% over 2014-2020 to reach 284Mt in 2020.

 1 Executive Summary 1
2 Iron Ore Mining in India 7
2.1 Country Overview 7
2.2 Mining Overview 7
2.3 Iron Ore Mining in India - Drivers 8
2.4 Iron Ore Mining in India - Restraints 9
3 Iron Ore Mining in India - Production, Consumption, Reserves and Trade 11
3.1 Reserves by Grade and Geographic Location 11
3.1.1 Hematite Ore Reserves 11
3.1.2 Magnetite Ore Reserves 12
3.2 Historical and Forecast Production 14
3.2.1 Total Production by Form 16
3.3 Total Production by Region/State/Basin 18
3.4 Iron Ore Prices 20
3.5 Competitive Landscape 22
3.5.1 tiol Mineral Development Corporation Limited (NMDC) 22
3.5.2 Steel Authority of India Limited (SAIL) 23
3.5.3 Sesa Sterlite Limited 25
3.5.4 Odisha Mining Corporation Limited (OMC) 26
3.5.5 Tata Steel Limited 27
3.6 Total Production by Major Mines 29
3.7 Total Production by Mining Method 30
3.8 Major Exploration and Development Projects 30
3.9 Iron Ore Consumption and Trade 31
3.9.1 Domestic Consumption vs. Exports 33
3.9.2 Export to Destition Countries 35
3.10 Demand Drivers 36
3.10.1 Demand vs. Fil Use 36
4 Fiscal Regime 37
4.1 India's Governing Bodies 37
4.1.1 Ministry of Mines 37
4.1.2 Ministry of Coal 37
4.1.3 Indian Bureau of Mines (IBM) 37
4.1.4 Geological Survey of India (GSI) 37
4.1.5 Ministry of Environment and Forests (MoEF) 38
4.1.6 Coal Controller 38
4.1.7 Department of Atomic Energy (DAE) 38
4.1.8 Atomic Minerals Directorate (AMD) for exploration and research 38
4.1.9 Atomic Energy Regulatory Board (AERB) 38
4.2 India's, Governing Laws 39
4.2.1 Mines Act, 1952 39
4.2.2 Mines and Minerals (Development and Regulation) Act, 1957 39
4.2.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957 39
4.2.4 The Atomic Energy Act, 1962 39
4.3 India's, Mining Ownership and Licenses 40
4.3.1 Mining Licenses 40
4.4 India's, Rights and Obligations 42
4.4.1 Rights 42
4.4.2 Obligations 42
4.5 India's, Key Fiscal Terms 43
4.5.1 Fees 43
4.5.2 Rent 43
4.5.3 Royalty 43
4.5.4 Corporate Tax 46
4.5.5 Surcharge 46
4.5.6 Education Cess 46
4.5.7 Clean Energy Cess 46
4.5.8 Clean Energy Cess 46
4.5.9 Branch Profits Tax (BPT) 47
4.5.10 Withholding Tax 47
4.5.11 Losses Carry Forward 47
4.5.12 Deductions 47
4.5.13 Depreciation 47
4.5.14 Value Added Tax (VAT) 47
4.5.15 Tax Incentives 48
4.5.16 Tax Treaties 48
5 Appendix 49
5.1 What is This Report About? 49
5.2 Methodology 49
5.3 Secondary Research 49
5.4 Primary Research 49
5.5 Contact Timetric 50
5.6 About Timetric 50
5.7 Timetric's Services 50
5.8 Disclaimer 52


List of Tables
Table 1: Iron Ore Mining in India - Hematite Ore Reserves, (Million Tons), as of March 2010 11
Table 2: Iron Ore Mining in India - Hematite Ore Reserves by Region/State, (Million Tons), as of March 2010 12
Table 3: Iron Ore Mining in India - Magnetite Ore Reserves, (Million Tons), as on March 2010 12
Table 4: Iron Ore Mining in India - Magnetite Ore Reserves by Region/State, (Million Tons), as of 2010 13
Table 5: Iron Ore Mining in India - Specifications of Various Grades of Iron Ore Lumps (Guaranteed %), 2014 13
Table 6: Iron Ore Mining in India - Specifications of Various Grades of Iron Ore Fines (Guaranteed %), 2014 14
Table 7: Iron Ore Mining in India - Total Production, (Million Tons), 2000-2020 15
Table 8: Iron Ore Mining in India - Total Production by Forms - Lumps, Fines and Pellets, (Million Tons), 2000-2020 18
Table 9: Iron Ore Mining in India - Total Production by States, (Million Tons), FY 2008-2011 19
Table 10: Iron Ore Mining in India - tiol Mineral Development Corporation Limited (NMDC), Major Projects 22
Table 11: Iron Ore Mining in India - Steel Authority of India Limited (SAIL), Major Projects 25
Table 12: Iron Ore Mining in India - Sesa Sterlite Limited, Major Projects 26
Table 13: Iron Ore Mining in India - Odisha Mining Corporation Limited (OMC), Major Projects 27
Table 14: Iron Ore Mining in India - Tata Steel Limited, Major Projects 29
Table 15: Iron Ore Mining in India - Major Active Mines 29
Table 16: Iron Ore Mining in India - Major Development Projects 30
Table 17: Iron Ore Mining in India - Major Exploration Projects 31
Table 18: Iron Ore Mining in India - Total Consumption, (Million Tons), 2000-2020 32
Table 19: Iron Ore Mining in India - Domestic Consumption vs. Exports, (Million Tons), 2000-2020 34
Table 20: Iron Ore Mining in India - Export to Region and Destition Countries, (Million Tons), 2013 35
Table 21: Mining Industry in India - Dead Rent Rates Per Hectare (INR), 2014 43
Table 22: Mining Industry in India - Coal and Lignite Royalty Rates, (INR), 2014 45
Table 23: Mining Industry in India - Coal Middlings Royalty Rate, (INR), 2014 45
Table 24: Mining Industry in India - West Bengal Coal and Lignite Royalty Rates Per Tons, 2014 46
Table 25: Mining Industry in India - Withholding Taxes (%), 2014 47
Table 26: Mining Industry in India - Depreciation Rates (%), 2014 47