Home » News » Mines & Minerals » Iron Ore Production

Iron Ore Production

The Government has not limited the expansion of mines by amending the renewal of licences rule in the Mineral Concession Rules in the country including Rajasthan. Rather, a uniform lease period of 50 years has been prescribed to ensure certainty in mining lease period.

The Mines and Minerals (Development and Regulation) Act, 1957 [MMDR Act, 1957] was amended with effect from 12.01.2015. Through the said amendment, auction regime was introduced for grant of mineral concessions by the respective State Governments. As per Section 8A of MMDR Act, 1957, on and from the date of commencement of the MMDR Amendment Act, 2015 (w.e.f. 12.01.2015), all mining lease shall be granted for a period of 50 years; all mining leases granted before commencement of ibid amendment Act shall be deemed to have been granted for the period of 50 years; on the expiry of the lease period, the lease shall be put for auction as per the procedure specified under the MMDR Act. Before amendment to the Act in 2015, mining lease were granted for a maximum period of 30 years, with the provision for further renewal; which was discretionary, resulting in uncertainty for the lease holder.

The crude steel production grew at 4.4% annually (CAGR) from 88.97 MT in 2014-15 to 120.29 MT in 2021-22. Further, as per the information provided by Indian Bureau of Mines, the domestic production of iron ore is sufficient to meet the current demand/requirement by domestic iron & steel industry.

The production data of iron ore for the country for the last seven years is given below:

(in Million Tonnes)

 

Year 2014-

15

2015-

16

2016-

17

2017-

18

2018-

19

2019-

20

2020-

21

2021-22

(Provisional)

Production 129.32 158.11 194.58 201.42 206.49 244.08 205.04 253.97

 

The production data of iron ore for Rajasthan for the last three years is given below:

(in Million Tonnes)

 

Year 2019-20 2020-21 2021-22 (Provisional)
Production 1.01 1.08 1.23

 

This information was given by the Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi in a written reply in Lok Sabha

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Bid Due Date Extension till 13th January, 2023 for Ongoing Commercial Coal Mine Auction

Ministry of Coal has launched 6th round of commercial coal mine auctions on November 03, 2022 ...

Efforts to Curb Illegal Mining

The Government has vested power in the State Governments for enacting laws to check illegal ...

Investors conclave on commercial coal mines auction and opportunities in mining sector held in Bengaluru

The Ministry of Coal and the Ministry of Mines jointly held the Investors’ conclave on ...

Treatment of Mine Water

As per Rule 41 of the Mineral Conservation and Development Rules (MCDR), 2017, leaseholders are ...

Illegal mining of beach sand minerals

Ministry of Mines has invited comments/suggestions of the stakeholders viz, Central Government Ministries/Departments, States Governments ...

Coal Ministry Expects Operationalization of 58 Coal Blocks During 2022-23; Targets 138.28 Million Ton Coal Production

The Ministry of Coal has allocated coal blocks for captive end use and sale of ...

Ministry of Coal with the support of Power, Steel and Mines Ministries organizes National Mineral Congress in Bhubaneswar

The Ministry of Coal organized the National Mineral Congress in Bhubaneswar today with the support ...

Shri Pralhad Joshi Launches Auction of 122 Coal/ Lignite Mines Including 18 New Mines

Including 18 new coal mines, the Ministry of Coal has placed on offer 122 coal ...

Details of Amount Collected & Activities Under District Mineral Foundation Funds

Till December 2021, ₹ 57,411 crore has been collected under District Mineral Foundation (DMF) in ...

Ministry of Coal Auctions 32 Coal Mines So Far

Total of 32 coal mines have been auctioned by Ministry of Coal from FY 2016-17 ...

WP2Social Auto Publish Powered By : XYZScripts.com