The Centre for Techno Economic Mineral Policy Options is an Agency of the Ministry of Mines Government of India.
The Centre for Techno Economic Mineral Policy Options is an Agency of the Ministry of Mines Government of India.
In 1988, the Ministry of Mines convened a Technical Planning and Policy Committee (TPPC) to administer the Mines and Minerals (Development and Regulation) Act (1957). The first Indian National Mineral Policy (1993) sought to incentivize private sector investment in mining and exploration. [1] [2]
In 1994, a government committee, the Wadhawan committee[ clarification needed ], consulted relevant stakeholders, including offices of statistics and non-government organisations and suggested the TPPC be replaced by an autonomous registered association which could give the stakeholders appropriate non-binding advice. [3] Instead, the Government of India convened a committee, the Hoda committee, to consider the matter further. [4]
In 2006, based on the recommendations of the Hoda committee, the Government of India announced the National Mineral Policy (2008). [5] This policy was to give incentives to encourage the private sector in exploration and mining. Low grade ores would be used through beatification and mining operations would be conducted within a sustainable development framework.
In 2009, the TPPC was replaced by the Centre for Techno-Economic Mineral Policy Options was created. The remit for the centre was based on the "100-day Agenda" of the Ministry of Mines of the United Progressive Alliance (UPA-II) government. [6] [7]
C-TEMPO is funded by a corpus created by a one-time grant by the PSUs. Accordingly, NALCO with the approval of its board of directors, gave a corpus grant of 40,000,000 rupees to C-TEMPO. The balance amount from the corpus has since been returned and fully accounted for.
C-TEMPO, for management purposes, has a General Body [8] and a Governing Council, [9] both headed by the Additional Secretary of the Ministry of Mines in his ex-officio capacity. Other members are the Director-General of the Geological Survey of India, the Controller-General of the Indian Bureau of Mines, and the CMDs of NALCO, HCL and MECL, all in their ex-officio capacity. In addition, a few professionals were inducted. [10] [11] [12] [13] [14]
C-TEMPO has focused on three or four major areas, in accordance with its mandate:
C-TEMPO has published:
C-TEMPO's plans for the future:
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material.
The Pilbara is a large, dry, thinly populated region in the north of Western Australia. It is known for its Aboriginal peoples; its ancient landscapes; the red earth; and its vast mineral deposits, in particular iron ore. It is also a global biodiversity hotspot for subterranean fauna.
NMDC Limited,, is a government owned mineral producer. It is under the ownership of Ministry of Steel, Government of India.
The mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production. Indian mining industry provides job opportunities to around 700,000 individuals.
Iron ore production in Africa is dominated by South Africa, Mauritania and Algeria. Many countries possess iron ore deposits that are as yet untapped/unmined. Countries and companies currently involved in production are listed here; measurements are in tonnes per annum(year).
Mining in Iran is still under development, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014. Mineral production contributes only 0.6 per cent to the country's GDP. Add other mining-related industries and this figure increases to just four per cent (2005). Many factors have contributed to this, namely lack of suitable infrastructure, legal barriers, exploration difficulties, and government control.
Metalloinvest Management Company LLC is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division and a steel division. USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively.
Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later. Gold rushes to Pilgrim's Rest and Barberton were precursors to the biggest discovery of all, the Main Reef/Main Reef Leader on Gerhardus Oosthuizen's farm Langlaagte, Portion C, in 1886, the Witwatersrand Gold Rush and the subsequent rapid development of the gold field there, the biggest of them all.
Mining in Afghanistan was controlled by the Ministry of Mines and Petroleum, prior to the August 15th takeover by the Taliban. It is headquartered in Kabul with regional offices in other parts of the country. Afghanistan has over 1,400 mineral fields, containing barite, chromite, coal, copper, gold, iron ore, lead, natural gas, petroleum, precious and semi-precious stones, salt, sulfur, lithium, talc, and zinc, among many other minerals. Gemstones include high-quality emerald, lapis lazuli, red garnet and ruby. According to a joint study by The Pentagon and the United States Geological Survey, Afghanistan has an estimated US$1 trillion of untapped minerals.
Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.
Uranium production is an important part of the African economy, with Niger, Namibia and South Africa creating up to 18% of the world's annual production. Many African countries produce uranium or have untapped uranium ore deposits.
Resources are classified as either biotic or abiotic on the basis of their origin. The Indian landmass contains a multitude of both types of resource and its economy, especially in rural areas, is heavily dependent on their consumption or export. Due to overconsumption, they are rapidly being depleted.
Sphinx Resources Ltd. is a Canadian company focused on exploration of precious and base metals within mining rights in Quebec. It is listed on the TSX Venture Exchange. The company was formerly named Donner Metals Ltd., headquarters are in Vancouver, and active in other provinces, but changed names in 2014 and moved its headquarters to Montreal, Quebec. As Donner, its principal project was a 35-65 joint venture with Glencore Xstrata in Matagami, Quebec.
The Canadian Association of Mining Equipment and Services for Export (CAMESE) is a Mississauga-based trade organization supporting the export of Canadian mining exploration equipment and services to mining companies around the world. The organization introduces foreign mining companies to Canadian suppliers by publicizing the expertise and success of domestic mining technologies and mining operations.
Mauritania's mineral sector was dominated by iron ore mining and beneficiation. Other mineral commodities produced in the country included cement, copper, gold, gypsum, petroleum, salt, and steel. The Ministère des Mines et de l’Industrie was the Government agency responsible for enacting the Mining Code and for the coordination of all activities in the mining sector. The Direction des Mines et de la Géologie was the entity responsible for promoting the mineral sector and for providing geologic and mining information to potential investors; the Direction des Hydrocarbures was in charge of the development of the petroleum sector; and the Office Mauritanien des Recherches Géologiques was the Government entity responsible for evaluating areas of mineral potential for exploration. Société Nationale Industrielle et Minière (SNIM) was responsible for iron ore production and benefciation.
Government of India under Ministry of Steel is setting up a 3 MTPA capacity greenfield Integrated Steel Plant based on Hi-Smelt technology in Nagarnar, located 16 km from Jagdalpur in Chhattisgarh state with an estimated outlay of Rs. 21500 crore. A pure-play miner, NMDC had in 2009-10 conceived the Nagarnar steel plant with the intention of moving up the value chain and diversifying its portfolio. The idea was also to hedge itself against the vagaries of iron ore prices. This is the only new large-scale steel plant currently under construction in India, with little likelihood of a new plant of similar size plant coming up in the next few years. Tata Steel and JSW Steel are expanding capacity at their existing mills.
Industrial Policy Resolution of 1956 is a resolution adopted by the Indian parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948. The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery. It laid down three categories of industries which were more sharply defined. These categories were:
The mining industry of Liberia has witnessed a revival after the civil war which ended in 2003. Gold, diamonds, and iron ore form the core minerals of the mining sector with a new Mineral Development Policy and Mining Code being put in place to attract foreign investments. In 2013, the mineral sector accounted for 11% of GDP in the country and the World Bank projected a further increase in the sector by 2017.
The iron and steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019. As per worldsteel, India's crude steel production in 2018 was at 106.5 tonnes (MT), 4.9% increase from 101.5 MT in 2017, means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017. Industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most of the iron and steel in India is produced from iron ore.
Gordon Toll is a career mining industry professional and company director, with long term interests in iron ore mining and magnetite project development. In 2020 he was appointed non-executive director of Free Eyre Ltd and its subsidiary Peninsula Ports Pty Ltd, with the expectation of the company realising the Port Spencer project in South Australia ahead of the summer of 2020-21.
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