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Iron ore is the mineral ore of Iron which is a widely used metal and the most naturally magnetic element. 98% of the mined iron ore is used for making steel. Hence it can be argued that Iron ore is more integral to the global economy than any other commodity.

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Two companies, Lloyds Steel and Gopani Iron and Power (India) Pvt Ltd, have been granted lease in the Surjagadh area for iron-ore mining. For many years, the mining issue kept hanging fire due to Maoist influence in the area and differences between the rebels on whether mining should be allowed.

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Jun 08, 2018· Equipment India Magazine Indian Mining Poised to Boom Even in non-coal mining segments like iron ore, bauxite, limestone, copper, zinc planning to introduce more new machines in India that will help boost mining

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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.

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Among the top mining companies in India, Vedanta resource is a metal and mining organization headquartered in London, Uk. The company is operating in many countries including India and major products are copper, aluminum, zinc, lead and gold.

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