Dr. Vinay K. Sahay’s Post

Both copper and gold are scarce and strategic metal for India. High import dependence in both the metals made India vulnerable to international price risk. But India does have good potential in copper and gold, provided it can be unlocked prudently. One such way is to privatize PSUs like Hindustan Copper, Hutti Gold Mines and Bharat Gold Mines. I argue along with Dhiraj Nayyar that better project management, fresh investment, and efficient utilization of existing resources under an independent management can generate employment, reduce import dependency, and bring back their past glory. https://lnkd.in/gzdJ_uib #copper #gold #privatization #disinvestment #criticalmineral

𝗜𝗻𝗱𝗶𝗮'𝘀 𝗙𝗮𝗰𝘁𝗼𝗿𝘆 𝗢𝘂𝘁𝗽𝘂𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗶𝗽𝘀 𝘁𝗼 𝟰.𝟵% 𝗶𝗻 𝗠𝗮𝗿𝗰𝗵, 𝗬𝗲𝘁 𝗔𝗻𝗻𝘂𝗮𝗹 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗥𝗲𝗮𝗰𝗵𝗲𝘀 𝟱.𝟴% India's factory output moderated to a 4.9% growth rate in March 2024, down from 5.6% in February, according to the Index of Industrial Production (IIP). Despite this monthly slowdown, the annual output for FY24 rose by 5.8%, showing a slight improvement from the previous year's 5.2%. This growth was supported by a robust performance in manufacturing and construction sectors, although the mining sector saw a significant slowdown. #finance #news #IndiaEconomy #IIP #ManufacturingGrowth Source:- https://lnkd.in/dr4_CsHx

India's industrial growth shrank by 0.1% in August, following a 22-month period of growth. In contrast, it had previously contracted by -4.7% in October 2022. However, this low figure may not be concerning, as it resulted from a temporary slowdown in industries such as mining, manufacturing, and electricity due to heavier-than-normal rainfall. India's core sector (infrastructure industries), which accounts for 40% of the Index of Industrial Production (IIP), declined by 1.8% in August, compared to a growth rate of 6.1% in the previous month. However, we may expect growth rates to improve from September onwards, as the impact of the heavy rains was largely temporary. #IIP #IIPGrowth #Industries #Manufacturing #Mining #finance #India

Who says India is still not a 'Golden Bird's. The sense in which our country is said as ''Golden Bird' was not taken in account by the Indian's. The Mineral wealth spread through out the territory of India makes india wealthy and prosperous. Uttar Pradesh, Madya Pradesh, Chattisgarh, Uttarakhand, Rajasthan, Tamilnadu, Andhra pradesh, Kerala, Karnataka, Orissa, Jammu & Kashmir each and every state has plenty of Mineral Wealth. One can find gold, silver, platinum, diamond, praesidium, silica, copper, Zinc, Iron, Nickel, Cobalt, Magnesium,, Francium, Rubidium etc. Apart from ores containing metal our states also have several minerals from Beryl and Chrysoberyl containing Beryllium, Monazite containing Thorium and Uranium containing minerals, Now what remaining. Shashikar Gupta B-Voc (Gemology)

Examining case studies from Jharkhand, Odisha and Karnataka, Karthik Bansal & Ishita Kapoor uncover procedural challenges hindering efficient clearance processes in the #Indianmining sector. The paper emphasises the need for a robust regulatory framework to mitigate environmental and social costs associated with mining activities. The paper advocates for reforms such as pre-embedded clearances, a more robust social impact assessment, and single-window processes. These reforms aim to streamline regulations and promote #sustainablemining practices, bridging the gap between #policy and implementation to facilitate the sector's long-term growth. https://lnkd.in/dv4-u7Ux

*Global Profile of India in the Metallic Minerals(Iron Ore and Other Minerals Production) Sector* India produces 87 types of metallic and non-metallic minerals Mining accounts for roughly 2.3 percent of India’s GDP in 2022-23. Top private companies are JSW Steel (12.5 percent), Tata Steel (11.5 percent), Rungta Mines (5.6 percent), and Vedanta and Arcelor Mittal India Pvt. Ltd with 2 percent share. In India, there are 1319 reporting mines largely concentrated in 7 major states in 2021-22. Of these, 97.04 percent mines are located in seven states, namely Odisha, Chhattisgarh, Rajasthan, Karnataka, Jharkhand, Madhya Pradesh and Maharashtra. #metalproducts #iron #mineralprocessing #indianeconomy #industryleaders

Global Profile of India in the Metallic Minerals(Iron Ore and Other Minerals Production) Sector

India is set to re-auction lithium reserves in Jammu and Kashmir after a lackluster first round. The government's move to put up seven critical mineral blocks for auction in the third tranche highlights the nation's focus on harnessing its mineral resources. Stay tuned for more updates on this significant development! #JammuKashmir #LithiumAuction #MineralResources #india

𝗗͟𝗲͟𝗽͟𝗼͟𝘀͟𝗶͟𝘁͟𝘀͟ ͟𝗼͟𝗳͟ ͟𝗛͟𝗲͟𝗮͟𝘃͟𝘆͟ ͟𝗠͟𝗲͟𝘁͟𝗮͟𝗹͟𝘀͟ ͟𝗥͟𝗲͟𝗾͟𝘂͟𝗶͟𝗿͟𝗲͟𝗱͟ ͟𝗳͟𝗼͟𝗿͟ ͟𝗖͟𝗿͟𝘂͟𝗰͟𝗶͟𝗮͟𝗹͟ ͟𝗜͟𝗻͟𝗱͟𝘂͟𝘀͟𝘁͟𝗿͟𝗶͟𝗲͟𝘀͟ India has some deposits of heavy metals and 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 essential for crucial industries such as 𝗟𝗶-𝗜𝗼𝗻 𝗯𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀, 𝘀𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝘂𝘁𝗶𝗻𝗴. However, the extent to which these deposits are significant and 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗹𝘆 𝘃𝗶𝗮𝗯𝗹𝗲 varies. These deposits are scattered across different regions of the country, with varying levels of accessibility and extraction feasibility. The details are as under:  𝗟͟𝗶͟𝘁͟𝗵͟𝗶͟𝘂͟𝗺͟ - India has discovered lithium reserves in the states of Karnataka and Jammu & Kashmir. 𝗖͟𝗼͟𝗯͟𝗮͟𝗹͟𝘁͟ ͟&͟ ͟𝗡͟𝗶͟𝗰͟𝗸͟𝗲͟𝗹͟ - Cobalt, & Nickel is generally found in association with copper ores. Small deposits are known to exist in Odisha and Jharkhand. India's reserves are relatively modest. 𝗥𝗮𝗿𝗲 𝗘𝗮𝗿𝘁𝗵 𝗘𝗹𝗲𝗺𝗲𝗻𝘁𝘀 (𝗥𝗘𝗘𝘀) - India has significant reserves of rare earth elements in the states of Andhra Pradesh, Karnataka, Odisha, and Kerala. The monazite sands in Kerala are particularly rich in REEs. 𝗚𝗿𝗮𝗽𝗵𝗶𝘁𝗲 - India has substantial reserves of high-quality graphite. Graphite is found in Arunachal Pradesh, Jharkhand, and Tamil Nadu. India has mining and production of some critical metals, although it still largely depends on imports to meet its demand. There are 𝟱𝟰 𝗺𝗶𝗻𝗶𝗻𝗴 𝗹𝗲𝗮𝘀𝗲𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 viz. graphite, rock phosphate and tin ore, in the country 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝟮𝟬 𝘄𝗼𝗿𝗸𝗶𝗻𝗴. Earlier, 𝗦𝘁𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀 𝗵𝗮𝗱 𝗮𝘂𝗰𝘁𝗶𝗼𝗻𝗲𝗱 𝟯𝟬 𝗯𝗹𝗼𝗰𝗸𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀. So far, a 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 𝟰𝟰 𝗯𝗹𝗼𝗰𝗸𝘀 𝗼𝗳 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 𝗵𝗮𝘃𝗲 𝗯𝗲𝗲𝗻 𝗮𝘂𝗰𝘁𝗶𝗼𝗻𝗲𝗱 𝗯𝘆 𝘁𝗵𝗲 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝘃𝗮𝗿𝗶𝗼𝘂𝘀 𝗦𝘁𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀. Further, as per National Mineral Inventory (NMI) as on 01.04.2020, the reserve/resources of critical minerals is given in Annexure-I.   PIB:https://lnkd.in/gaRMRSZv

𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐌𝐢𝐧𝐢𝐧𝐠 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: 𝐀 𝐊𝐞𝐲 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐨𝐫 𝐭𝐨 𝐆𝐃𝐏 𝐚𝐧𝐝 𝐒𝐭𝐞𝐞𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡 Mining is a crucial sector in India's industry, contributing around 3% of GDP in the 1990s and approximately 2% now. The state of Goa, known for its significant iron ore reserves totalling 1,000 million tonnes, plays a vital role in this industry, exporting around 30 million tonnes annually. With the government's increased focus on infrastructure development, demand for steel is expected to grow by approximately 10%, driven by the expansion of roads, railways, airports, and more. India aims to achieve a total crude steel capacity of 300 million tonnes per annum (MTPA) and a total crude steel demand/production of 255 MTPA by 2030-31. #MiningIndustry #IndiaEconomy #SteelDemand #InfrastructureDevelopment #GoaIronOre #MiningIndustry #IndiaEconomy #SteelDemand #InfrastructureDevelopment #GoaIronOre #ResearchAndConsulting #EconomicGrowth #MiningSector #SteelProduction #IndiaInfrastructure #IronOreExport #IndustryAnalysis #MarketTrends #ConsultingServices #GDP #EconomicDevelopment #SteelIndustry #GoaMining #MetalIndustry #NaturalResources #EconomicPolicy #IndianMarket #ConstructionBoom #RailwayExpansion #AirportDevelopment #GovernmentPolicy #MarketResearch #IndustryGrowth #SustainableMining #GlobalTrade #EnergySector #ManufacturingIndustry #RawMaterials #EconomicForecast #DevelopmentGoals #InvestmentOpportunities #StrategicPlanning #BusinessConsulting #DataAnalysis #MarketInsights #EmergingMarkets #ResourceManagement #SupplyChain #IndustrialGrowth #PolicyAnalysis #SteelCapacity #IronOreIndustry #MiningEconomics #NationalEconomy #TradeBalance #IndustrialPolicy #SteelExports #SustainableDevelopment #FollowForMore #GrowthOpportunities #BusinessGrowth #Innovation #EnvironmentalImpact #MiningTechnology #DigitalTransformation #Industry4_0 #FutureOfWork #Leadership #Strategy #Networking #CommunityEngagement #GlobalEconomy #MiningTesting #MiningInspectionOpportunity