Forecast Report on India Iron Ore Mining Market

Research and Markets has announced the addition of the "Iron Ore Mining in India to 2020" report to their offering.

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.

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.

Key Topics Covered:

1 Executive Summary

2 Iron Ore Mining in India

3 Iron Ore Mining in India - Production, Consumption, Reserves and Trade

4 Fiscal Regime

5 Appendix

Companies Mentioned

  • National Mineral Development Corporation Ltd
  • Odisha Mining Corporation Ltd
  • Sesa Sterlite Ltd
  • Steel Authority of India Ltd
  • Tata Steel Ltd

For more information visit http://www.researchandmarkets.com/research/q6x6zq/iron_ore_mining

Source: http://www.researchandmarkets.com

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