Indian Mining Industry
Indian Mining Sector
India produces 90 minerals out of which:
- 4 are fuel minerals
- 11 metallic
- 53 non-metallic and
- 22 minor minerals
The mining leases occupying about 0.7 million hectares which is 0.21 per cent of the total land mass of the country.
The Indian mining industry provides employment to about 1.1 million persons.
Operates more than 3100 mines [...]
Mine production capacity
Mine production capacity
Production capacity of mining enterprises (also known as the scale of production) is the normal production period of mining enterprises, units of time to recovery of the ore content. In mining the ore generally calculation, called the mining enterprise output.
If the mining enterprise is constituted by the mining joint venture, and can also [...]
Rio Tinto acquires additional shares of Ivanhoe Mines
Rio Tinto confirmed today that it has acquired 40,083,206 common shares of Ivanhoe Mines, increasing its ownership by 5.3 per cent to 34.9 per cent of Ivanhoe Mines’ outstanding common shares (1).
The common shares were acquired in accordance with the terms of the US$350 million convertible credit facility Rio Tinto made available to Ivanhoe Mines [...]