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India Iron Ore Mining Industry Trends, Innovations and Growth Forecast Until 2021

Iron ore industry to pick up pace, aided by strong steel demand and rapid economic growth.


Albany, NY -- (SBWIRE) -- 09/21/2017 -- A new intelligent research report titled "Iron Ore Mining in India to 2021 - Iron Ore Industry to Pick up Pace, Aided by Strong Steel Demand and Rapid Economic Growth" added to the vast database of Market Research Hub (MRH) discusses the iron ore mining sector in India with a stern focus on historical and forecast figures. The study works to educate readers and investors for acquiring the necessary knowledge to suit their purpose. As per research findings, it has been analyzed that, in the coming years the iron ore industry in India is anticipated to gain pace; the strong demand for steel and rapid economic growth are spotted as the prime drivers.

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This research report presents a detailed analysis targeting the Indian iron ore mining industry, iron ore resources, form and grade, reserves by state and a lot more. It is interesting to know that the total recoverable reserves of iron ore in India are close to 9,602 million tonnes of hematite and 3,408 million tonnes of magnetite. Moreover, the prime regions rich in iron ores are Chhattisgarh, Madhya Pradesh, Karnataka, Odisha, Jharkhand, Goa, Maharashtra, Andhra Pradesh, Rajasthan, Kerala and Tamil Nadu.

The report starts with the key highlights followed by details about the reserves, production, consumption, and trade. Further, knowledge about the forecast production is also available in this section of the report. Readers can learn about the active mines and exploration projects in-depth. Furthermore, consumption and trade together with development projects across India are carefully mentioned in this smart evaluation.

This research study works to analyze the various demand drivers in the Indian iron ore mining sector. It has been analyzed that, demand for pig iron and sponge iron is quite prominent. Further, the research report highlights the major iron ore producers; namely, Odisha Mining Corp Ltd, Steel Authority of India Ltd, National Mineral Development Corporation Ltd, and Vedanta Resources plc. This section discourses fiscal regime pointing at the various government bodies in India, that is, Ministry of Mines, Ministry of Coal, Ministry of Steel, Ministry of Environment, Forests and Climate Change and Department of Atomic Energy. The readers can even access details about The Indian Mining Industry - Rules and Regulations, Mineral Conservation and Development Rule and The Coal Mines (Special Provisions) Act, 2015, for further assessment.

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Overall, this research report is a source of precise understanding about the iron ore mining industry in India. It includes data which identifies various factors affecting the iron ore demand in the country.

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