India to achieve self-reliance in metals, mining sector

During a virtual address, Pralhad Joshi, the Minister for Coal, Mines, and Parliamentary Affairs, emphasised the importance of minerals in the post-pandemic scenario and ongoing energy transition, stating that there has been a surge in demand for minerals worldwide.

Mining reforms have brought the confidence back

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

Mining opportunities and challenges

Ritabrata Ghosh, Associate Head, Corporate Sector Ratings, ICRA writes on the mining scenario in India.

Will Growth Sustain?

This September showed a sequential positive trend in the economy. Analysts say the 8 core sectors improved. Now to sustain that growth.

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

Mining Needs a Leg-up

For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.

Looking for a Turnaround

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

100 per cent FDI in coal mining likely to attract more global investment

According to an ICRA report, opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

More engines of growth needed

Off-Highway Research reports a turnaround in the global construction equipment (CE) market, which is expected to grow 16 per cent this year.

2nd phase of mines auction

States are gearing up for the second phase of mine auction, which will see mines bearing minerals like gold, diamond and iron ore go under the hammer.

Mining Growth

India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.

Diggers to get busier

The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. In the smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend. Elaborating the prevailing scenario and the growth drivers.