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Increasing iron ore demand, coupled with the depletion of high-grade hematite ores in the United States, after World War II led to development of lower-grade iron ore sources, principally the utilization of magnetite and taconite. Iron-ore mining methods vary by the type of ore being mined.
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A coal and iron ore project is in the fifth largest reserve in world. India's metal and mining industry was estimated to be $106.4 billion in 2010. However, the mining in India is also infamous for human rights violations and environmental pollution. The industry has been hit by several high-profile mining .
Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is a significant scope for new mining capacities in iron ore, bauxite, and coal. India has an advantage in the cost of production and in conversion costs of steel and alumina.
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