Promote Contract Mining In India

By Author: Michael Jin
Total Articles: 10
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In the last few years, India has largely focused only on coal and iron ore mining in the country. Currently, most of the mines under operation are the open cast mines as the country lacks technology and expertise required for underground mining. There is a need to attract foreign players in the form of joint ventures (JVs) or MDO agreements to develop other mineral resources, especially the underground mines. Contract mining aids companies significantly, particularly in an environment with fluctuating metal prices, moving exchange rates and increasing mining costs, as a mine owner can choose a contract, which gives it the flexibility to shut the mine and the contract at a very short notice. Recently, some contract mining agreements have taken place in the coal sector, but such agreements need to be expanded aggressively to minerals such as diamond, gold and base metals.
Australia, the hub of contract mining activities, is at a much advanced stage in the exploration of these minerals. While giving lucrative contract mining propositions to the contract mining companies in Australia is a good way to proceed further in the ...
... Indian exploration sector, joint ventures may turn out to be more beneficial for India in the long term. JVs will not only equip Indian players with foreign technologies, especially in underground mining, but will also help Indian workers to learn about the operations of heavy mining equipment,lead ore mining equipment
(lead ore mining equipment ).
To achieve sustainable growth in Indian mining sector, the government needs to promote the mining services in the region. It is essential to attract consulting geologists and exploration specialists as well as install assay laboratories. It will not only accelerate the minerals exploration process in the country, but will also help in reaching out to unexplored minerals，ball mill,ball mill price in India(ball mill price in India).
The major challenges faced by the mining companies in India are land acquisition, forest and environmental clearances. A nodal agency, in coordination with the Government of India and state governments, can create a SPV for each major project hub. This SPV can obtain all necessary clearances and link resources before inviting globally competitive bids to undertake the project. The premium from the bidding can be partially used to develop local communities and create enabling infrastructure facilities for mining operations. The new MMDR act provides a base to facilitate the development of these SPVs,pulverizer in India.( pulverizer in India ).
Mining infrastructure development requires long-term planning with a special focus from the government. India needs to optimize the logistics configurations between mines, plants, railways and ports. To achieve this, the government can work with metal and mining companies on sharing models to achieve economies of scale,gypsum,gypsum mining equipment in India(gypsum mining equipment in India).

According to the Fraser Institute 2010-11 Survey,India is ranked very low on the “attractiveness of the government mining policies” and that is the reason why some of the major mining companies refrain from committing large capital to the Indian mining industry. India needs to present a more transparent picture of mineral tenement information, close to a real-time basis, for potential investors. A separate agency should report the progress and status of every mining lease provided in the country. It should be ensured that every exploration and mining company files the relevant data at a particular interval and information is reported from the start of mining operations right to the mine-closing operations.