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India's major mineral resources include coal (4th largest reserves in the world), iron ore, manganese ore (7th largest reserve in the world as in 2013), lithium ore (6th largest reserve in the world as in 2023), [6] mica, bauxite (5th largest reserve in the world as in 2013), [7] chromite, natural gas, diamonds, limestone and thorium.
Classification and management of natural resources such as minerals and petroleum are classified using differing schemes. [4] [5] In 1997, UNECE published the United Nations Framework Classification for Reserves and Resources of Solid Fuels and Mineral Commodities (UNFC-1997) as a unifying international system for classifying solid minerals and fuels. [6]
The mining industry in India is a major economic activity which contributes significantly to the economy of India.The gross domestic product (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%.
The power of states' taxation can extend on atomic minerals and dangerously inflammable resources (oil, natural gas, etc) covered in non-taxation (general) entries 6 and 53 of Union List respectively. However, the verdict while interpreting entry 54 of the union list, has not clarified what is public interest and when or how long it is to be ...
Notes Hatti gold Mines: Karnataka: Hatti, Raichur: Government of Karnataka: Kolar Gold Factory [KGF] Karnataka: Robertsonpet, Kolar: Bharat Gold Mines Limited: 1900–2001 (closed) Lava Gold Mines Jharkhand: Chandil: Manmohan Mineral Industries
Metal Largest producer Second largest producer Complete list Aluminium [6] China India List of countries by aluminium production: Bauxite [7] Australia Guinea List of countries by bauxite production
Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred, indicated and measured as categories. Inferred Mineral Resource is the part of a mineral resource for which quantity, grade (or quality) and mineral content can be estimated with a low level of confidence. It is inferred from geological ...
Since that the existing law had already been amended several times and as further amendments may not clearly reflect the objects and reasons emanating from the new Mineral Policy, Government decided to reformulate the legislative framework in the light of the National Mineral Policy, 2008 and consequently, the Mines and Minerals (Development ...