Introduction to Iron Ore
Iron ore is abundantly available in the Earth’s crust. It forms the basic raw material for Iron & Steel industry. Coal is the other important input that goes into the Steel Industry.Coal Mining Stocks in India are doing very well as massive demand from the Electricity Sector is driving the prices up.Abundant Iron and Coal has made Steel Companies in India amongst the lowest cost producers of Steel in the World.India has large reserves of good quality of iron ore which can meet the growing demand of domestic iron & steel industry and can also sustain considerable external trade. With the total resources of over 25.25 billion tonnes (both haematite & magnetite), India is one of the leading producers as well as exporters of iron ore in the world. India is endowed with significant mineral resources. India produces 89 minerals out of which 4 are fuel minerals, 11 metallic, 52 non-metallic and 22 minor minerals.
The total value of mineral production was Rs. 5,68,070 million in 2000-01, of which the value of minerals other than petroleum and natural gas was Rs. 3,06,751 million. The metallic production is accounted for by iron-ore, copper-ore, chromite and zinc concentrates, gold, manganese ore, bauxite, lead concentrates. India ranks 4th in iron ore (source – Ministry of Mines). The Ministry of Mines is responsible for the survey and exploration of all minerals (other than natural gas and petroleum), for mining and metallurgy of non-ferrous metals.
Geographic Presence of Iron Ore in India
Haematite and magnetite are the most prominent of the iron ores found in India.The major deposits of iron ore are located in Jharkhand, Orissa, Chattisgarh, Karnataka and Goa States. About 60% of haematite ore deposits are found in the Eastern sector and about 80% magnetite ore deposits occur in the Southern sector, specially in Karnataka. Of these, haematite is considered to be superior because of its high grade. Major haematite resources are located mainly in Jharkhand- 4036 MT(28%), Orissa-4761 MT (33%), Chattisgarh-2731 MT (19%), Karnataka-1676 MT (11%) and Goa-713 MT (5%). The balance resources spread over the states of Maharashtra, Madhya Pradesh, Andhra Pradesh, Rajasthan, Uttar Pradesh and Assam together contain around 4% of haematite. Magnetite ore deposits are mainly confined to the Chikmagalur district in Karnataka and Salem and North Arcot districts in Tamil Nadu.
How is Iron Or Processed in India
Production of iron ore in the country is through a combination of large mechanised mines in both public and private sectors and several smaller mines operated in manual or semi mechanised basis in the private sector. During 2001-02, 215 iron ore mines were operating in a total 638 leases which increased to 261, during 2005-06 operating in 505 leases. During 2006-07, India produced 172.3 MT of iron ore including lump, fines & concentrate. Normally, iron ore mining in India is done by opencast method and on the basis of mining methods, the mining can be broadly divided into two categories, i.e., manual and mechanized. Majority of the large mechanised mines are in the public sectors whereas manual mines are mainly in the private sector. In order to support steel production of 110 MT by 2019-20, the requirement of iron ore is placed at 190 MT & exports have been estimated to be around 100 MT. World iron ore production was 1,690 MT in 2006. Although iron ore is mined in more than 50 countries, the bulk of world production comes from just a few countries. The five largest producers are Brazil,China, Australia, India & Russia.
Effects on Environment:
The exploration, exploitation and associated activities of iron ore mining directly infringe upon the environment and affect air, water, land, flora & fauna. The most significant environmental damages due to iron ore mining in India are the deterioration of forest ecology, alteration of land use pattern and change in local drainage system due to inadequate landscape management during mining operation and improper & inadequate rehabilitation strategy adopted.
Mines Statistics :
Number of Reporting Iron Ore Mines in India:
Year No. of reporting mines
2000 – 01 208
2001 – 02 215
2002 – 03 242
2003 – 04 266
2004 – 05 270
2005 – 06 261
Source: IBM, Nagpur
Here is a list of the Iron Ore Mines in India: (Owner & Mines)
Central Zone/ Chattisgarh :
Western Zone/Goa & Maharashtra :
Southern Zone/Karnataka :
Eastern Zone/Jharkhand & Orissa :
(Source : CENTRAL POLLUTION CONTROL BOARD).
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