India Iron Ore Mining to 2025 – Updated with Impact of COVID-19

India’s iron ore production fell by an estimated 14.4% in 2020, versus 2019 – mainly due to 18.3% decline in output from the country’s largest-producing state of Odisha. In 2021, India’s production is forecasted to grow by 23.4% to 246.3Mt, one the back of start of two new iron ore blocks, the Jiling-Langlota and Guali iron ore block, in Odisha in February 2021. The lower demand from the country’s steel sector led from the COVID-19 pandemic has subdued the country’s domestic consumption, which fell by an estimated 10.8% in 2020 over 2019. Meanwhile, India’s steel production shrinked by 10.8%, according to the World Steel Association (WSA).

Scope

The report contains an overview of India’s iron ore mining industry, historical and forecast data on the production and exports. It also provides detailed analysis of the COVID-19 impact over the industry. The demand driving section briefs about demand from the construction sector. The report also provides detailed information on reserves, production, production by company and state, major active, exploration and development projects in the country. Adding more, there is an extensive section on India’s fiscal regime that governs country’s mining industry.

Reasons to buy

Comprehensive evaluation of the impact of the COVID-19 on India’s iron ore mining

To understand historical and forecast trend on India’s iron ore production and exports

To understand the country’s exports to China

To gain an understanding on iron ore prices

To track latest company developments

To understand about major active, development and exploration iron ore projects in the country

To understand about the demand from India’s construction industry

To identify about the country’s regulatory framework that governs the mining industry

Companies mentioned

National Mineral Development Corporation Ltd, Steel Authority of India (SAIL), Tata Steel Ltd and Odisha Mining Company (OMC)

Table of Contents

Table of Contents

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1. Executive Summary

2. Reserves, Production and Prices

2.1 Iron Ore Reserves

2.2 Iron Ore Production

– Production by State

2.3 Iron Ore Prices

3. Iron Ore Assets

3.1 Active Mines

3.2 Exploration Projects

3.3 Development Projects

4. Iron Ore Consumption vs. Steel Production

5. Iron Ore Exports

6. Demand Drivers

6.1 Demand from the Construction Sector

7. Major Iron Ore Producers

7.1 Mines and Projects by Company

7.2 Company Profiles

– National Mineral Development Corporation Ltd

– Steel Authority of India Ltd

– Tata Steel Ltd

– Odisha Mining Corp. Ltd

8. Fiscal Regime Bodies

8.1 Governing Bodies

– Ministry of Mines

– Geological Survey of India

– Indian Bureau of Mines (IBM)

– Ministry of Coal

– Coal Controller’s Organization

– Coal Mines Provident Fund Organization (CMPFO)

– Central Mine Planning and Design Institute Ltd (CMPDI)

– Ministry of Steel

– Ministry of Environment, Forest and Climate Change (MoEFCC)

– Regional Office

– Autonomous Bodies

– Authorities/Tribunal

– Boards

– Department of Atomic Energy (DAE)

– Public Sector Units

– Atomic Minerals Directorate for Exploration and Research

8.2 Laws, Rights and Obligations

– Mines and Minerals (Development and Regulation) Act (MMNDR), 1957, Amendment (2020)

– Mineral Conservation and Development Rule, (Amendment) 2018

– Other Mining Laws

– The Coal Mines (Special Provisions) Act, 2015

– Coal Block Allocation Rules, 2020

– National Mineral Policy, 2019

– The Mineral Laws (Amendment) Bill, 2020

8.3 Mining Concessions, Rights and Obligations

– Reconnaissance Permit (RP)

– Prospecting Mines

– Mining Lease (ML)

– Rights

– Obligations

8.4 Taxes and Payments

– Royalty Taxes

– Coal – West Bengal

– Coal (excluding the state of West Bengal)

– Mining Concession Fees

– Dead Rent Rates

– Goods and Service Tax

– List of goods at

1.5% rate

– List of goods at

2.5% rate

– List of goods at

9.0% rate

– Export tax for iron ore

9. Appendix

9.1 Abbreviations

9.2 Methodology

9.3 Coverage

9.4 Secondary Research

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List of Tables

Table 1: India Iron Ore Mining – Top Active Mines in India by Total Reserves (Million Tonnes)

Table 2: India Iron Ore Mining – List of Auctioned Iron Ore Blocks in Odisha, 2020

Table 3: India Iron Ore Mining – Historical and Forecast India Iron Ore Production (Million Tonnes), 2005-2025

Table 4: India Iron Ore Mining – Iron Ore Prices Quarterly (US$/Tonne), Q1 2015 – Q1 2021

Table 5: India Iron Ore Mining – Active Mines, 2021

Table 6: India Iron Ore Mining – Exploration Projects, 2021

Table 7: India Iron Ore Mining – Development Projects, 2021

Table 8: India Iron Ore Mining – Historical and Forecast Iron Ore Exports (Million Tonnes), 2005 – 2025

Table 9: India Iron Ore Mining – Number of Operating, Development and Exploration Projects by Company and Stage, 2021

Table 10: India Iron Ore Mining – National Mineral Development Corporation Ltd (NMDC), Major Projects, 2021

Table 11: India Iron Ore Mining – Steel Authority of India Ltd (SAIL) Major Projects, 2021

Table 12: India Iron Ore Mining – Tata Steel Ltd Major Projects, 2021

Table 13: India Iron Ore Mining – Odisha Mining Corp. Ltd Major Projects, 2021

Table 14: India’s Mining Fiscal Regime – Royalty Taxes, 2021

Table 15: India’s Mining Fiscal Regime – Coal and Lignite Royalty Rates, West Bengal (₹/t), 2021

Table 16: India’s Mining Fiscal Regime – Coal and Lignite Royalty Rates (Excluding West Bengal) (₹/t), 2021

Table 17: India’s Mining Fiscal Regime – Mining Concession Fees, 2021

Table 18: India’s Mining Fiscal Regime – Annual Dead Rent Rates Per Hectare (₹/Ha), 2021

Table 19: India’s Mining Fiscal Regime – Iron Ore Export Tax, 2021

List of Figures

Figure 1: India Iron Ore Mining – Share of Iron Ore Reserves by Country (%), as of January 2021

Figure 2: India Iron Ore Mining – Historical and Forecast India Iron Ore Production (Million Tonnes), 2005-2025

Figure 3: India Iron Ore Mining – Iron Ore Production by State (%), FY2020-2021

Figure 4: India Iron Ore Mining – Iron Ore Production by State (Million Tonnes), FY2015-2016 to FY2020-2021

Figure 5: India Iron Ore Mining – Iron Ore Prices, Quarterly (US$/Tonne), Q1 2015 – Q1 2021

Figure 6: India Iron Ore Mining – Historical and Forecast India Iron Ore Consumption Vs Steel Production (Million Tonnes), 2005 – 2025

Figure 7: India Iron Ore Mining – India’s Steel Installed Capacity (Million Tonnes), 2010 – 2025

Figure 8: India Iron Ore Mining – Share of India’s Iron Ore Exports by Country (%), 2020

Figure 9: India Iron Ore Mining – Historical and Forecast Iron Ore Exports (Million Tonnes) 2005 – 2025

Figure 10: India Iron Ore Mining – India’s Construction Output Value (US$ Billion), 2010 – 2025

Figure 11: India Iron Ore Mining – Number of Operating, Development and Exploration Projects by Company and Stage, 2021

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