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The value of metallic minerals in 2009-10 at `32274.29 crore decreased by about 10.52% over the previous year. Among the principal metallic minerals, iron ore contributed `26864.84 crore or 83.24%, zinc concentrate `1290.85 crore or 4.0%,
The country is endowed with huge resources of many metallic and non-metallic minerals. Mining sector is an important segment of the Indian economy. Since independence, there has been a pronounced growth in the mineral production both in terms
Though India boasts of huge resources of minerals such as iron ore, bauxite, stones, base metals, noble metals, and diamonds, it has not been able to fully realize it’s potential. Considerable lack of exploration activity on account of
The mining sector has made a substantial contribution in the development of country’s mineral rich states, which had otherwise fallen off the development path. These include, Chhattisgarh, Jharkhand and Orissa. Since the sector’s
In order to satisfy a continuously increasing demand from industrial production, agricultural, high tech sectors and merchandise producers in more than 100 countries around the world people are engaged in the mining sector.1 Among those
The Indian mining industry also has a bright future because the rapidly growing economy propels the domestic demand, which requires mining outputs to grow. The various policy reforms taken by the government seek to stimulate both foreign
The world's total diamond reserve base is estimated to be 1,300 million carats, of which 580 million carats of reserves are economically extractable. Congo has the largest reserve base of 350 million carats, followed by Botswana and
India has estimated copper ore resources of 1.39 billion tonnes with 26.5% falling under the proved and probable category, while the balance 73.5% feature under the feasibility, pre-feasibility, measured, indicated and inferred categories.
The total mineral production in India was reported at 2,628 mines during FY11, as compared with 2,999 mines in the previous year. Of these mines, 574 are involved in the extraction of coal and lignite,608 in metallic minerals and 1,446 in non-
As of 2010, the total global silver metal reserves are estimated to be 510,000 tonnes. Peru (23.5%) has the largest reserves, accounting for almost quarter of the global reserves, followed by Chile (13.7%), Poland (13.5%) and Australia (13.5%).