As of FY21, the number of reporting mines in India were estimated at 1,229, of which reporting mines for metallic minerals were estimated at 545 and non-metallic minerals at 684.
India holds a fair advantage in cost of production and conversion cost of steel and alumina. India became the world’s second-largest crude steel producer in 2019 with production at 111.2 MT. In FY21, India’s crude steel production stood at 102.49 million tonnes.
In FY21, production of key minerals increased year on year—Zinc Conc. (18%; 1,648.00 thousand tonnes), Lead Conc. (15%; 405.47 thousand tonnes), Sillimanite (32%; 17.52 thousand tonnes) and Garnet (abrasive) (107%; 1.14 thousand tonnes).
Rise in infrastructure development and automotive production are driving growth in the metals and mining sector in India. India has a vast mineral potential with mining leases granted for a longer duration of 50 years.
