India Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
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India Iron Ore Mining Market Report Overview
India is the world’s second-largest iron ore producer, after Australia. In 2023, the iron ore mine production output in India was 257.6 million tonnes (Mt). The iron ore production in India will decline at a negative CAGR of more than 1% from 2024 to 2030. This decline is mostly owing to the planned closure of major mines, including the Koira and Haddinapade (2024), Oraghat Iron Ore (2025), Roida II (2026), Feegrade Nadidih (2026).
India Iron Ore Mining Market Outlook 2023-2030 (Million Tonnes)
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The India iron ore mining market research report provides comprehensive coverage of India’s iron ore industry. It provides historical and forecast data on iron ore production, production by company, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing information on factors that are affecting the India iron ore industry. It further profiles major iron ore producers, and information on the major active, planned, and exploration projects by region.
Market Size (Iron Ore Production in 2023) | 257.6 million tonnes (Mt) |
CAGR (2024-2030) | >(1)% |
Active Mines | · Bailadila Iron Ore Mines (Kirandul Complex)
· Bailadila Iron Ore Mines (Bacheli Complex) · Joda East Mine · Balda Block Iron Mine |
Development Projects | · Bailadila Iron Ore Expansion Project
· Sakradih-Dubna Mine · Sukri Luturburu Project · Dharmapur Iron Ore Mine |
Exploration Projects | · Chhote Dongar Deposit |
Leading Companies | · NMDC Ltd
· Tata Steel Ltd · Steel Authority of India Ltd · Odisha Mining Corp. Ltd |
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India Iron Ore Mining Market - Active Mines
The key active iron ore mines in India are Bailadila Iron Ore Mines (Kirandul Complex), Bailadila Iron Ore Mines (Bacheli Complex), Joda East Mine, and Balda Block Iron Mine among others. In 2023, Bailadila Iron Ore Mines (Kirandul Complex) was the leading active iron ore mine with the highest saleable iron ore production.
India Iron Ore Mining Market Analysis by Active Mines, 2023 (%)
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India Iron Ore Mining Market - Development Projects
The key development projects in the India iron ore mining market are Bailadila Iron Ore Expansion Project, Sakradih-Dubna Mine, Sukri Luturburu Project, and Dharmapur Iron Ore Mine among others. In 2023, Bailadila Iron Ore Expansion Project was the leading development project of the India iron ore mining market, followed by Sakradih-Dubna Mine and Sukri Luturburu Project.
India Iron Ore Mining Market Analysis by Development Projects, 2023 (%)
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India Iron Ore Mining Market - Exploration Projects
The key exploration project in the India iron ore mining market is the Chhote Dongar Deposit based in Chhattisgarh, owned by the Government of India.
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India Iron Ore Mining Market - Competitive Landscape
The leading companies in the India iron ore mining market are:
- NMDC Ltd
- Tata Steel Ltd
- Steel Authority of India Ltd
- Odisha Mining Corp. Ltd
NMDC is headquartered in Hyderabad, Telangana, India. The company is a metal and mining company based in India. It carries out the exploration and extraction of various minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
NMDC is a Navratna company, which is under the administrative control of the Ministry of Steel, Government of India. The company has operations in Australia, Africa, and India. NMDC is headquartered in Hyderabad, Telangana, India.
Leading India Iron Ore Mining Market Analysis by Companies, 2022 (%)
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Scope
- Overview of the India iron ore mining industry
- Key demand driving factors
- Historical and forecast data on iron ore production, production by company and reserves by country
- World iron ore prices
- Profiles of major iron ore producers
- Competitive landscape
- Major operating, explorational and developmental mines
Reasons to Buy
- In-depth Insights: Gain comprehensive industry insights into the India iron ore mining market and understand the key market drivers influencing production trends, reserves and market dynamics.
- Strategic market analysis: Access historical and forecast trends on India iron ore production to anticipate market shifts and make forward-looking decisions.
- Forge valuable partnerships: Identify the leading companies in the India iron ore mining market, including information on their sectors of operation, headquarters location, production capacity and owned iron ore mines.
- Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental projects.
Steel Authority of India Ltd
Tata Steel Ltd
Odisha Mining Corp. Ltd
Table of Contents
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Frequently asked questions
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What was the total India’s iron ore production in 2023?
In 2023, the iron ore mine production output in India was 257.6 million tonnes (Mt).
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What will the CAGR of India iron ore mining production market be during 2024-2030?
The India iron ore mining market will decline at a negative CAGR of more than 1% during 2024-2030.
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Which are the leading development projects in the India iron ore mining market?
The key development projects in the India iron ore mining market are Bailadila Iron Ore Expansion Project, Sakradih-Dubna Mine, Sukri Luturburu Project, and Dharmapur Iron Ore Mine among others.
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Which are the leading exploration projects in the India iron ore mining market?
The key exploration project in the India iron ore mining market is the Chhote Dongar Deposit based in Chhattisgarh, owned by the Government of India.
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Which are the leading companies in the India iron ore mining market?
The leading companies associated with the India iron ore mining market are NMDC Ltd, Tata Steel Ltd, Steel Authority of India Ltd, and Odisha Mining Corp. Ltd.
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