Mining India Sustainably For Growth

Mining India
sustainably for growth
Foreword
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9k gf] g^ l`] ogjd\k d]Y\af_ eaf]jYd hjg\m[]jk$ Af\aY af ]f\go]\ oal` Y ja[` j]kgmj[] ZYk] g^ k]n]jYd e]lYdda[$ fgf%e]lYdda[ Yf\ ^m]d eaf]jYd l`Yl g^^]jk `m_] ghhgjlmfala]k lg Zgl` \ge]kla[ Yf\ _dgZYd hdYq]jk ^gj afn]kle]fl& L`] Eaf]k Yf\ Eaf]jYd <]n]dghe]fl J]_mdYlagf! 9[l EE<J!$ )1-/ oà[` ak l`] ^mf\Ye]flYd dYo _gn]jfaf_ l`] eafaf_ k][lgj `Yk Z]]f Ye]f\]\ af )11, oal` Y na]o lg Y[[]d]jYl] l`] afgo g^ hjanYl] [YhalYd$ Zgl` \ge]kla[ Yf\ ^gj]a_f$ Yk Ydkg klYl]%g^%l`]%Yjl l][`fgdg_q& L`] gh]faf_ mh g^ l`] k][lgj lg hjanYl] afn]kle]fl `Yk$ `go]n]j hj]k]fl]\ eYbgj [`Ydd]f_]k lg YZkgjhlagf g^ afn]kle]fl l`jgm_` \]n]dghe]fl af Y \akjmhlagf ^j]] Yf\ kmklYafYZd] eYff]j& Oàd] kmklYafYZd] \]n]dghe]fl Yf\ l][`fgdg_q af^mkagf Yj] c]q hjagjala]k ^gj làk k][lgj$ al ak ]kk]flaYd l`Yl Y\]imYl] ]eh`Ykak Z] _an]f lg kmjn]q Yf\ ]phdgjYlagf Y[lanala]k& A kaf[]j]dq `gh] l`Yl l`] [gf^]j]f[] ogmd\ k]jn] Yk Yf a\]Yd hdYl^gje lg \ak[mkk l`] akkm]k lg ]ngdn] [j]Ylan] kljYl]_a]k ^gj j]Ydaraf_ l`] nakagf g^ l`] [gmfljq&
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Indian mining sector overview Exploration and development in India *&) =phdgjYlagf ]ph]f\almj] *&* KlYlmk g^ j][gffYakkYf[] h]jealk$ hjgkh][laf_ da[]fk]k Yf\ eafaf_ d]Yk]k af Af\aY Financing options and strategies +&) Af\aYf k[]fYjag +&* ?dgZYd [YhalYd jYakaf_ +&+ ;YhalYd jYakaf_ ^gj ]phdgjYlagf [gehYfa]k =f`Yf[af_ gh]jYlagfYd ]^[a]f[q Yf\ eYfY_af_ [gklk , 8 8 )( )* )* ), )).
Policy, regulatory and taxation framework Sustainability in mining .&) C]q akkm]k .&* =ngdnaf_ j]khgfk] g^ l`] ?gA lg kmklYafYZadalq .&+ Hjghgk]\ e]Ykmj]k Other issues and challenges Recommendations References
*( *. *. *1 +( 32 +, 38
Indian mining sector overview
Ajgf gj]$ ZYmpal]$ \gdgeal]$ _qhkme$ dae]klgf]$ ea[Y$ [`jgeal]$ eYf_Yf]k]$ raf[ Yf\ _jYhàl] ]f\go]\ oal` nYkl Yf\ YZmf\Yfl j]k]jn]k g^ c]q eaf]jYdk$ Af\aY hj]k]flk ka_fa[Yfl ghhgjlmfala]k af l`] e]lYdk Yf\ eafaf_ khY[]& L`] [gmfljq hjg\m[]k 0/ eaf]jYdk$ af[dm\af_ , ^m]d eaf]jYdk$ )( e]lYdda[ eaf]jYdk$ ,/ fgfe]lYdda[ eaf]jYdk$ + Ylgea[ eaf]jYdk Yf\ *+ eafgj eaf]jYdk& Af ^Y[l$ l`] [gmfljq ak Y d]Y\af_ hjg\m[]j g^ []jlYaf c]q eaf]jYdk km[` Yk ajgf gj] Yf\ ZYmpal]& L`] [gmfljqk eafaf_ af\mkljq ak$ l`mk$ Y c]q k]_e]fl g^ l`] fYlagfYd ][gfgeq& ;mjj]fldq$ eafaf_ [gfljaZml]k *&+ Y\nYf[]\ ]klaeYl]k Yl *((,(- hja[]k!$ lg l`] [gmfljqk ?<H& LjY\alagfYddq$ ajgf gj] Yf\ [gYd j][]an]\ l`] à_`]kl ^g[mk Yegf_ eaf]jYdk$ Yk l`]q `Yn] ^gj dgf_ j]hj]k]fl]\ l`] hjaeYjq ZYka[ eYl]jaYd mk]\ af egkl af\mklja]k& @go]n]j$ gn]j l`] hYkl ^]o q]Yjk$ l`] ^g[mk `Yk Z]]f af[j]Ykaf_dq kà^laf_ lgoYj\ gl`]j eaf]jYdk km[` Yk da_fal]$ h]ljgd]me Yf\ fYlmjYd _Yk$ [ghh]j$ d]Y\%raf[$ kadn]j$ \aYegf\ Yf\ jg[c h`gkh`Yl]& ;mjj]fldq$ l`] af\mkljq ak dYj_]dq ^jY_e]fl]\$ [gehjakaf_ k]n]jYd keYdd%k[Yd] gh]jYlagfYd eaf]k&
L`] hmZda[ k][lgj$ oà[` `Yk Y[[gmfl]\ ^gj /,&- g^ lglYd eaf]jYd hjg\m[lagf af Af\aY af >Q))$ [gflafm]k lg \geafYl] l`] k][lgj& L`] lglYd nYdm] g^ eaf]jYd hjg\m[lagf ]p[dm\af_ Ylgea[ eaf]jYdk! \mjaf_ *()( )) `Yk Z]]f ]klaeYl]\ Yl AFJ*$((. Zaddagf$ j]][laf_ Yf af[j]Yk] g^ Yjgmf\ ))&0+ q%g%q& Oàd] l`] k][lgjk k`Yj] af l`] lglYd ?<H `Yk j]eYaf]\ Yl Yl YhhjgpaeYl]dq * gn]j l`] dYkl )- q]Yjk$ alk ZYk] `Yk _jgof af kqf[ oal` l`] fYlagfYd ?<H& >afYf[aYddq$ l`] Af\aYf eafaf_ k][lgj `Yk h]j^gje]\ j]YkgfYZdq o]dd af l`] dYkl ^]o q]Yjk$ Yk j]][l]\ af l`] ngdme] Yf\ hjgl _jgol` g^ kge] g^ dYj_] eafaf_ [gehYfa]k dakl]\ gf l`] Af\aYf Zgmjk]k$ fYe]dq ;gYd Af\aY$ l`] FYlagfYd Eaf]jYd <]n]dghe]fl ;gjhgjYlagf FE<;!$ EGAD Yf\ K]kY ?gY& Af\aYk j]k]jn]%lg%hjg\m[lagf J'H! jYlag ^gj k]n]jYd al]ek Yf\ l`] j]k]jn]k%lg%j]kgmj[]k jYlagk j]eYaf n]jq dgo af [gehYjakgf lg l`gk] af gl`]j eafaf_ [gmflja]k$ af\a[Ylaf_ Yf ghhgjlmfalq ^gj klYc]`gd\]jk lg ka_fa[Yfldq ]f`Yf[] l`]aj ]f_Y_]e]fl oal` l`] k][lgj af Af\aY&
Mining India
=pàZal )2 Af\aYJ'H jYlag g^ eaf]jYdk af Af\aY Mineral Ajgf gj] eaddagf lgff]k! ;gYd eaddagf lgff]k! :Ympal] eaddagf lgff]k! ?gd\ c_! <aYegf\ [YjYlk! Kadn]j e]lYd lgff]k! Raf[ Yf\ d]Y\ e]lYd ((( lgff]k! ;ghh]j e]lYd ((( lgff]k! Hjg\m[lagf" *)+ -+/ )+&, *$*), /)$+0) 1-"" /1, /*)"" Proven J'H jYlag j]k]jn]k" ,1.( ))+$,(0 -+1 ..$1*( .(-$-// 2,283 .$/.. )$.,, 23.3 *))&* ,(&* +(&*+ 0&,0 *,&(+ 0&-* 2.28 )($*)+ +)$,./ ))$,)0 LglYd j]kgmj[]k" *-$*-( *0,$+/( +$*1( ,1($0)( Hjgn]f j]k]jn]k' LglYd j]kgmj[] jYlag (&*( (&,( (&). (&), (&)+ (&** (&** (&),
Kgmj[]2 Eafakljq g^ Eaf]k >Q)) YffmYd j]hgjl3 Af\aYf Eaf]jYdk Q]Yj :ggc 9\nYf[] j]d]Yk]! *((1$ L`] Af\aYf ;ghh]j Af\mkljq$ A;J9 EYfY_]e]fl ;gfkmdlYf[q K]jna[]k Daeal]\$ 9m_mkl *()($ naY L`gekgf J]k]Yj[` $ Eafakljq g^ ;gYd o]Zkal]$ =jfkl Qgmf_ YfYdqkak " Hjg\m[lagf fmeZ]jk Yj] ]klaeYl]\ g^ *()())3 J]k]jn]k Yf\ j]kgmj[]k Yj] Yk gf 9hjad *((-$ af Y[[gj\Yf[] oal` l`] FYlagfYd Eaf]jYd Afn]flgjq ""Kadn]j Yf\ [ghh]j hjg\m[lagf fmeZ]jk Yj] l`gk] g^ *((1
Eaf]jYd hjg\m[lagf af Af\aY oYk j]hgjl]\ Yl *$.*0 eaf]k af >Q))$ Yk [gehYj]\ lg *$111 eaf]k Y q]Yj Y_g& G^ l`]k]$ -/, Yj] afngdn]\ af [gYd Yf\ da_fal] ]pljY[lagf$ .(0 af e]lYdda[ eaf]jYdk Yf\ )$,,. af fgf%e]lYdda[ eaf]jYdk& ;mjj]fldq$ 9f\`jY HjY\]k` Yf\ ?mbYjYl Y[[gmfl ^gj l`] à_`]kl fmeZ]j g^ eaf]k af l`] [gmfljq +// Yf\ +/* eaf]k$ j]kh][lan]dq!&
Exhibit 2. Value by types of minerals (FY11) 11.73% Fuel minerals Metallic minerals 20.85% Non metallic minerals
67.42%
Source: Ministry of mines 201011 annual report
Mining India
Exhibit 3. Minerals by number of mines (FY10P) 7 138 200 Bauxite Gold ore Manganese ore Copper ore Iron ore Lead & zinc ore
Exhibit 4. Share of states in value of mineral production 201011 (estimated) excluding offshore areas 13.01% 12.14% Andhra Pradesh 10.72% 13.30% Gujarat Karnataka Rajasthan 10.50% Madhya Pradesh Remaining states Chattisgarh Goa Orissa Jharkhand Assam
4 4
4.82% 5.58%
319
Source: Ministry of mines 201011 annual report
5.91% 6.53% 8.65%
8.84%
Eaf]jYd hjg\m[lagf af Af\aY ak hjaeYjadq [gf[]fljYl]\ af 9f\`jY HjY\]k`$ ;``Yllak_Yj`$ B`Yjc`Yf\$ JYbYkl`Yf Yf\ GjakkY& Af ^Y[l$ l`]k] n] klYl]k [memdYlan]dq [gfljaZml]\ egj] l`Yf ,( g^ fYlagfYd eaf]jYd hjg\m[lagf af >Q)) af l]jek g^ nYdm]&
Source: Ministry of mines annual report 2010 11
L`] eafaf_ af\mkljqk [gfljaZmlagf lg Af\aYk ?<H `Yk af[j]Yk]\ ^jge )&1 af >Q)( lg *&+ Y\nYf[]\ ]klaeYl]k Yl *((,(- hja[]k! af >Q))& L`] af\mkljqk [gfljaZmlagf lg l`] ?<H `Yk Z]]f ]klaeYl]\ Yl AFJ)$)(- Zaddagf \mjaf_ l`] kYe] h]jag\& @go]n]j$ af\mkljq _jgol` dY_k Z]àf\ gn]jYdd ][gfgea[ _jgol` af l`] [gmfljq$ hjaeYjadq Yk Y j]kmdl g^ af^jYkljm[lmj] Zglld]f][ck$ hgda[q Yf\ gl`]j [`Ydd]f_]k&
Mining India
Exhibit 5. Mining industry's contribution to GDP (in %) 2.30% 2.26% 2.20% 2.11% 2.10% 2.00% 1.90% 1.80% 1.70% FY06 FY07 FY08 FY09 FY10 FY11* 2.09% 1.98% 1.91%
1.92%
GDP (% contribution)
Source: Ministry of Mines annual report FY11 * In FY11, the base year was changed from 19992000 to 200405.
Mining India
Exploration and development in India
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*&) =phdgjYlagf ]ph]f\almj]

Aehjgn]\ [geeg\alq hja[]k Yf\ jgZmkl eYjc]l \qfYea[k ^gj eaf]jYdk `Yn] hjgehl]\ egkl _dgZYd eafaf_ [gehYfa]k lg af[j]Yk] l`]aj ]phdgjYlagf Zm\_]lk$ j]kmdlaf_ af Y ,- q%g%q af[j]Yk] af l`] _dgZYd ]phdgjYlagf Zm\_]l lg MK)(&/ Zaddagf af *()(&
10
Mining India
Exhibit 6. World exploration expenditure 14.00 12.00 9.99 10.00 US$ (billion) 8.00 6.00 4.00 2.34 2.00 0.00 2000 2001 2002 2003 2004 2005 2006 Growth % 2007 2008 2009 2010 2.00 1.73 2.19 -40 -60 3.55 4.90 7.13 7.32 12.60 10.68 80 60 40 20 0 -20
World expenditure
Source: Metals Economic Group website
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Exhibit 7. Exploration budget for the top ten countries, 2010 19% 31% Canada Australia United States Mexico Peru Chile China Russia Argentina Brazil Other countries
12%
3% 3% 4% 4% 5% 5%
8% 6%
Source: Metals Economic Group website
Mining India
11
Af\aYk k`Yj] af l`] _dgZYd ]phdgjYlagf Zm\_]l [gflafm]k lg Z] f]_da_aZd] Yl d]kk l`Yf (&-& ?gn]jfe]fl ]flalq$ l`] ?]gdg_a[Yd Kmjn]q g^ Af\aY ?KA!$ Ydgf_ oal` Y ^]o gl`]j gj_YfarYlagfk l`Yl `Yn] daeal]\ Zm\_]lYjq kmhhgjl$ [gf\m[l eYbgj j]_agfYd hjgkh][laf_ Yf\ _jYkk jggl%d]n]d ]d\ ]phdgjYlagf af l`] [gmfljq& 9k Y j]kmdl$ ZYk]\ gf nYjagmk j]hgjlk$ kmalYZd] j]_agfYd ]phdgjYlagf `Yk lYc]f hdY[] Yl gfdq 0)+ g^ Yj]Yk$ oYq Z]dgo l`Yl g^ eafaf_ eYbgjk km[` Yk 9mkljYdaY& Egkl Yj]Yk af Af\aY Yj] q]l lg mf\]j_g _]gh`qka[Yd eYhhaf_ Yf\ _]g% [`]ea[Yd kmjn]qk&
Prospecting licenses (PLs) <mjaf_ *((0(1$ HDk o]j] ]p][ml]\ gfdq af log klYl]k JYbYkl`Yf Yf\ 9f\`jY HjY\]k`& G^ l`] 0 HDk ]p][ml]\$ JYbYkl`Yf Y[[gmfl]\ ^gj /$ oàd] 9f\`jY HjY\]k` Y[[gmfl]\ ^gj )& L`] Yj]Y [gn]j]\ mf\]j HDk oalf]kk]\ eYbgj m[lmYlagfk$ klYjlaf_ ^jge )$+,/ `][lYj]k `Y! af >Q(/ lg .$(+. `Y af >Q(0 lg ,*. `Y \mjaf_ *((0(1& 9dd HDk ]p][ml]\ o]j] af l`] hjanYl] k][lgj& L`] eaf]jYdk [gn]j]\ af[dm\]\ dae]klgf]$ ogddYklgfal]$ [àfY [dYq$ kgYhklgf] Yf\ Ykkg[aYl]\ eaf]jYdk&
Exhibit 9. Area granted under PLs in 200809 (426 ha)
*&* KlYlmk g^ j][gffYakkYf[] h]jealk$ hjgkh][laf_ da[]fk]k Yf\ eafaf_ d]Yk]k af Af\aY
L`] Af\aYf :mj]Ym g^ Eaf]k Indian Minerals Year Book 2009$ j]d]Yk]\ \mjaf_ >Q))$ hjgna\]k l`] klYlmk g^ nYjagmk eafaf_ [gf[]kkagfk af l`] [gmfljq& L`] ^gddgoaf_ k][lagf ]f[YhkmdYl]k l`] klYlmk& Reconnaissance permits (RPs) Af *((0(1$ l`] ?gn]jfe]fl g^ Af\aY ?gA! Yhhjgn]\ )1 JHk [gn]jaf_ Yf Yj]Y g^ egj] l`Yf ,($((( ki& ce& L`] eYpaeme fmeZ]j g^ JHk `Yk Z]]f _jYfl]\ lg JYbYkl`Yf /!$ ^gddgo]\ Zq EY\`qY HjY\]k` ,!$ 9f\`jY HjY\]k` +!$ CYjfYlYcY +!$ ;``Yllak_Yj` )! Yf\ B`Yjc`Yf\ )!& L`] eYpaeme [gf[]kkagfk hjgna\]\ \mjaf_ l`] q]Yj o]j] af hj][agmk eaf]jYdk Yf\ ZYk] e]lYdk&
Exhibit 8. Area granted under RPs in 200809 (40,052 square kilometers) 21% 40% 3% 5% 12% 19% Andhra Pradesh Karnataka Chhattisgarh Madhya Pradesh Jharkhand Rajasthan
44% 56%
Andhra Pradesh Rajasthan
Source: Advance release- Indian minerals year book 2009, Indian Bureau of Mines website
Mining leases (MLs) :q l`] ]f\ g^ >Q(1$ 1$,)- EDk o]j] af ^gj[] Y[jgkk *+ Af\aYf klYl]k$ khYffaf_ ,1)$,,- `Y& G^ l`] lglYd$ 0$1)- 1-! EDk$ Y[[gmflaf_ ^gj Yf Yj]Y g^ +$,.$))) `Y /(!$ Z]dgf_]\ lg l`] hjanYl] k][lgj$ oàd] l`] j]eYafaf_ -(( -! d]Yk]k$ oal` Yf Yj]Y g^ )$,-$++, `Y +(!$ o]j] af l`] hmZda[ k][lgj& L`]k] d]Yk]k [gn]j]\ -1 e]lYdda[ Yf\ fgf% e]lYdda[ eaf]jYdk ]p[dm\af_ da_fal]$ [gYd$ h]ljgd]me$ fYlmjYd _Yk$ Ylgea[ eaf]jYdk Yf\ eafgj eaf]jYdk!& L`] eYpaeme eafaf_ d]Yk] Yj]Y oYk [gn]j]\ Zq JYbYkl`Yf *)!$ ^gddgo]\ Zq GjakkY ),! Yf\ CYjfYlYcY )*!& Oàd] )( klYl]k Y[[gmfl]\ ^gj Yjgmf\ 1* g^ l`] lglYd eafaf_ d]Yk] Yj]Y$ l`] gl`]j )+ klYl]k Y[[gmfl]\ ^gj l`] j]eYafaf_ 0&
12
Mining India
Exhibit 10. Number of mining leases till 31 March 2009 (9,415) 21% Others Rajasthan Orissa Karnataka Andhra Pradesh Jharkhand Goa
28%
Af e]lYdda[ eaf]jYdk$ kge] d]Yk]k o]j] YoYj\]\ ^gj [ghh]j$ _gd\$ d]Y\ Yf\ raf[$ Zml l`]j] o]j] fg d]Yk]k ^gj l`] kadn]j Yf\ hdYlafme _jgmh g^ e]lYdk \mjaf_ *((0(1& 9degkl 1- g^ l`] EDk Yj] YoYj\]\ lg hjanYl] k][lgj hdYq]jk Yf\ l`] j]eYafaf_ - o]fl lg l`] hmZda[ k][lgj$ oal` []fljYd _gn]jfe]fl mf\]jlYcaf_k Yf\ klYl] _gn]jfe]fl mf\]jlYcaf_k j][]anaf_ * Yf\ +$ j]kh][lan]dq& @go]n]j$ af l]jek g^ hjg\m[lagf nYdm]$ l`] hjanYl] Yf\ hmZda[ k][lgj Y[[gmfl ^gj *- Yf\ /-$ j]kh][lan]dq& L`] ?gAk ^g[mk gf eafaf_ `Yk j]nan]\ Yf\$ Y[[gj\af_dq$ Z]lo]]f 9hjad Yf\ Fgn]eZ]j *()($ /* eafaf_ hjgb][lk j][]an]\ ]fnajgfe]flYd [d]YjYf[] Yf\ )-* hjgb][lk j][]an]\ l]jek g^ j]^]j]f[] [d]YjYf[]&
6% 8% 11% 12%
14%
Mining India
13
Financing options and strategies

+&) Af\aYf k[]fYjag
Gn]j l`] hYkl ^]o q]Yjk$ Ydd af\mkljq k][lgjk af l`] [gmfljq `Yn] YlljY[l]\ dYj_] Yegmflk g^ [YhalYd& 9[[gj\af_ lg fYlagfYd Y[[gmflk$ Z]lo]]f >Q(- Yf\ >Q)($ Yn]jY_] YffmYd _jgol` g^ f]o afn]kle]flk oYk ))&+ Yk Y_Yafkl Yn]jY_] ?<H _jgol` g^ 0&.& Af l]jek g^ _jgkk [YhalYd ^gjeYlagf ?;>!$ l`] eafaf_ k][lgj j]_akl]j]\ l`] à_`]kl ;9?J g^ *(&0* \mjaf_ l`] kYe] h]jag\& 9dl`gm_` l`] [gfljaZmlagf af >Q(1 \][daf]\ \m] lg l`] _dgZYd ][gfgea[ e]dl\gof Y^^][laf_ afn]kle]flk$ al k`gmd\ Z] [gfka\]j]\ Yk Yf ]p[]hlagfYd q]Yj o`]j] afn]klgj k]flae]fl oYk Yl alk dgo]kl& Gf l`] ZY[c g^ _dgZYd j][gn]jq$ ?;> af l`] eafaf_ af\mkljq j]_akl]j]\ .* _jgol` q%g%q \mjaf_ >Q)( Yk Y_Yafkl Y ,+&0 j]nanYd af Y__j]_Yl]&
Exhibit 11. Gross capital formation (GCF) in mining industry 1,200 1,000 50% 800 600 20% 400 200 -10% 0 2004-05 2005-06 2006-07 GCF
Source: Economic survey 201011
70% 60%
INR billion (at 2004-05 prices)
40% 30%
10% 0%
-20% 2007-08 Growth % 2008-09 2009-10
14
Mining India
><A go <mjaf_ l`] dYkl \][Y\]$ ><A hdYq]\ Y [jm[aYd jgd] af l`] _jgol` g^ l`] [gmfljqk af\mkljaYd k][lgjk& =imalq go _j]o ^jge MK*&*+ Zaddagf af >Q(, lg MK*-&01 Zaddagf af >Q)(&
=pàZal )*& ><A afgo af Af\aYf eafaf_ af\mkljq 500 450 400 US$ million 350 300 250 200 150 100 50 0 1991-2002 2002-07 2007-08 7.8 55.8 458.3
><A afgo lg l`] eafaf_ af\mkljq af[j]Yk]\ ka_fa[Yfldq Y^l]j >Q(/$ Yk =pàZal )* addmkljYl]k& <mjaf_ >Q(0$ af Y kaf_d] q]Yj$ l`] Af\aYf eafaf_ af\mkljq YlljY[l]\ egj] ><A [YhalYd l`Yf al j][]an]\ af l`] dYkl *( q]Yjk&
174 75.1 34.4 2008-09 2009-10 2010-11 (Apr-Nov)
Mining (including mining services)
Source: Economic survey 201011
;j]\al go <mjaf_ >Q))$ [j]\al go lg l`] af\mkljq j]eYaf]\ kljgf_& Oàd] af^jYkljm[lmj] [gflafm]k lg g[[mhq l`] dYj_]kl k`Yj] g^ af[j]e]flYd af\mkljaYd [j]\al$ l`] k`Yj] g^ gl`]j af\mkljq _jgmhk km[` Yk ZYka[ e]lYd Yf\ e]lYd hjg\m[lk Yf\ ]f_af]]jaf_ af[j]Yk]\ gn]j l`] hj]nagmk q]Yj& <mjaf_ )I)*$ l`] ZYka[ e]lYd Yf\ e]lYd hjg\m[lk$ h]ljgd]me Yf\ eafaf_$ Yf\ imYjjqaf_ k][lgjk [gdd][lan]dq Y[[gmfl]\ ^gj gf]%làj\ g^ af[j]e]flYd [j]\al go&
=pàZal )+& Af[j]e]flYd af\mkljaYd [j]\al go >Q)(! 4.6%
7.3% 4.0% Infrastructure Food processing Textiles Chemical & chemical products Basic metal & metal products All engineering Construction Other industries
42.8%
13.3% 3.1% 2.2% 22.8%
Source: Reserve Bank of India annual report FY11
Mining India
15
=pàZal ),& Af[j]e]flYd af\mkljaYd [j]\al go >Q))!
L`] k`Yj] g^ ]imalq af[dm\af_ AHGk! \][daf]\ ^jge ,* g^ hjg[]]\k af *((1 6.2% lg YZgml *- \mjaf_ *()( Yl MK/+ 7.6% Zaddagf& Làk oYk fgl \m] lg l`] YZk]f[] Food processing 2.8% g^ [YhalYd Zml \m] lg \][j]Yk]\ \]eYf\ Textiles Chemical & chemical products ^jge mf\]j%_]Yj]\ eYbgjk l`] _]Yjaf_ g^ Basic metal & metal products eYbgjk oYk Yl àklgja[Yddq dgo d]n]dk! AHG 15.2% 47.4% All engineering Y[lanalq []fl]j]\ Yjgmf\ bmfagj eafaf_ Construction [gehYfa]k jYakaf_ keYdd Yegmflk g^ Other industries 6.3% \]n]dghe]fl [YhalYd& LjY\alagfYd eafaf_ Infrastructure 1.9% ]p[`Yf_]k km[` Yk 9mkljYdaY Yf\ Lgjgflg$ 12.6% ^gddgo]\ Zq Dgf\gf$ kYo l`] dYj_]kl AHG hjg[]]\k& E]Yfoàd]$ ]p[`Yf_]k km[` Yk Source: Reserve Bank of India annual report FY11 @gf_ Cgf_ Yf\ Egf_gdaY af [gddYZgjYlagf oal` l`] Dgf\gf Klg[c =p[`Yf_]! Yj] Ydkg ]e]j_af_ 9dl`gm_` Af\aY ak YZd] lg YlljY[l Y\\alagfYd gok af km[[]kk^mddq& l`] \ge]kla[ eafaf_ af\mkljq$ al k`gmd\ ]phdgj] gl`]j L`] Af\aYf eafaf_ k][lgj Ydkg kYo kge] g^ l`] dYj_]kl fYf[af_ ghlagfk Yf\ kljYl]_a]k lg YlljY[l Yf\ kmklYaf ]imalq g^^]jaf_k \jan]f Zq _gn]jfe]fl afalaYlan]k lg l`]k] afn]kle]flk& Af l`] ogjd\ g^ _dgZYdar]\ [YhalYd jYak] fYf[]& L`]k] af[dm\]\ AHGk g^ klYl]%gof]\ eYjc]lk Yf\ afn]kle]fl daZ]jYdarYlagf$ al ak aeh]jYlan] eaf]jYd [gehYfa]k km[` Yk ;gYd Af\aY Yf\ EGAD Yf\ ^gj Yfq j]kgmj[]%ZYk]\ [gmfljq lg j]][l Yf\ Y\\j]kk Yf >HG Zq l`] FE<;& L`]k] g^^]jaf_k o]j] aee]fk]dq l`] ]ph][lYlagfk g^ _dgZYd afn]klgjk& km[[]kk^md$ YlljY[laf_ ka_fa[Yfl afn]klgj afl]j]kl \m] +&* ?dgZYd [YhalYd jYakaf_ lg l`] j]k]jn]k ZYk]k Yf\ hja[af_ hgo]j g^ [gehYfa]k& Jakaf_ [geeg\alq hja[]k `Yn] `]dh]\ kmklYaf afn]klgj ?dgZYddq$ l`] eafaf_ Yf\ e]lYdk af\mkljq jYak]\ Y [gf\]f[] af l`] ]imalq g^ km[` [gehYfa]k& j][gj\ MK+*1 Zaddagf \mjaf_ *()($ Y -, af[j]Yk] gn]j *((1& DgYfk Yf\ Zgf\k$ ^gddgo]\ Zq AHGk'>HGk$ d]Y\ af jYakaf_ [YhalYd ^gj l`] af\mkljq& Kmhhgjl]\ Zq j]klgj]\ afn]klgj [gf\]f[] Yf\ Y Zmddak` Zgf\ eYjc]l$ *()( kYo j][gj\ d]n]dk g^ fYf[af_ Yf\ l`] j]nanYd g^ AHGk& L`] eafaf_ Yf\ e]lYdk af\mkljq `]d\ l`] à_`]kl eYjc]l k`Yj] g^ AHGk Yf\ ]imalq%j]dYl]\ akkm]k g^ Ydd af\mklja]k _dgZYddq Zq ngdme]!& @go]n]j$ jYakaf_ [YhalYd j]][lk \an]j_af_ ^gjlmf]k g^ eafaf_ af\mkljq hdYq]jk& EYbgjk$ fgo kljgf_]j oal` \]d]n]jY_af_ Y[à]n]\ gn]j l`] dYkl ^]o q]Yjk ^g[mk]\ gf gj_Yfa[ _jgol`$ o]j] dYj_]dq ^mf\]\ Zq [Yk` go ^jge [mjj]fl gh]jYlagfk$ kmhhgjl]\ Zq ^YngjYZd] \]Zl eYjc]l [gf\alagfk ^gj j]fYf[af_& @go]n]j$ bmfagjk [gflafm]\ lg ^Y[] \a^[mdla]k af Y[[]kkaf_ \]Zl eYjc]lk Yf\$ l`mk$ j]da]\ gf ]imalq ^gj _jgol` Yf\ mfdg[caf_ nYdm]$ oal` k]flae]fl af l`] ]imalq [YhalYd eYjc]l aehjgnaf_& :gf\ hjg[]]\k j]Y[`]\ MK/- Zaddagf af *()($ ]p[]]\af_ l`] j][gj\ MK.) Zaddagf Y[à]n]\ af *((1& ;gehYfa]k [YhalYdar]\ gf àklgja[Yddq dgo [gmhgfk lg j]fYf[] ]paklaf_ \]Zl gf egj] ^YngjYZd] l]jek& L`] k`Yj] g^ à_` qa]d\ Z]dgo l`] afn]kle]fl _jY\]! hjg[]]\k af[j]Yk]\ lg *) nak%%nak )) af *((1& Afn]kle]fl _jY\] akkm]jk$ af l`] ^Y[] g^ kljgf_ \]eYf\ ^jge afn]klgjk$ lggc ZY[c hja[af_ hgo]j ^jge afn]klgjk$ j]\m[af_ l`] [gkl g^ \]Zl gf Yn]jY_] lg ,&0 ^jge -&+ af *((1& L`] Yn]jY_] Zgf\ l]fgj Ydkg af[j]Yk]\ ^jge 01&* q]Yjk$ oàd] dgYfk oal` Y k`gjl]j l]fgj af[j]Yk]\ Yl +&- q]Yjk Yn]jY_]& =e]j_af_ eYjc]lk \geafYl]\ Zgf\ akkmYf[]$ oal` ;àfY$ :jYrad$ Kgml` Cgj]Y Yf\ JmkkaY Y[[gmflaf_ ^gj log%làj\k g^ ngdme] `Yd^ g^ l`] hjg[]]\k!& :Yfc d]f\af_ bmeh]\ Zq )1- lg MK)0, Zaddagf af *()($ l`]j]Zq j]hj]k]flaf_ egj] l`Yf -( g^
16
Mining India
fYf[af_ Y[lanalq af l`] eafaf_ Yf\ e]lYdk k][lgj& L`] kl]]d$ [gYd Yf\ ajgf gj] k][lgjk o]j] egkl Y[lan]& :Yfc dgYfk g^^]j]\ ]paZadalq Yea\ Y ngdYlad] ]fnajgfe]fl$ Ydkg oal` k`gjl%l]je Zja\_af_ dgYfk& @go]n]j$ d]f\]jk o]j] k]d][lan] gfdq lg [gehYfa]k oal` kljgf_ ZYdYf[] k`]]lk& L`] hja[af_ g^ afn]kle]fl%_jY\] d]f\af_ _dgZYddq Yn]jY_]\ )** ZYkak hgaflk YZgn] DA:GJ$ Yk [gehYj]\ lg +,, hgaflk af *((1& @go]n]j$ \]n]dghe]fl d]f\af_ lg hj]%hjg\m[lagf [gehYfa]k j]eYaf k[Yj[] Yf\ ]ph]fkan]& Af ^mlmj]$ [YhalYd jYakaf_ Yegf_ eYbgjk ak ]ph][l]\ lg Z] af[j]Ykaf_dq Yddg[Yl]\ lg _jgol` jYl`]j l`Yf fYf[aYd j]kljm[lmjaf_ jYak]\ ]al`]j l`jgm_` ]imalq gj hjgb][l fYf[] ^gj l`] fYf[af_ g^ Y[imakalagfk& Hjgb][l \]n]dghe]fl ak ]ph][l]\ lg Z] fYf[]\ l`jgm_` Y [geZafYlagf g^ afl]jfYd [Yk` _]f]jYlagf Yk dgf_ Yk [Yk` gok j]eYaf kljgf_!$ Zgf\k Yf\ dgYfk& J][]fl ^Y[adala]k ^gj ljYfkY[lagfk j]][l l`] gfk]l g^ ZYfck Z][geaf_ hjg_j]kkan]dq oaddaf_ lg d]f\ ^gj E9& ?an]f l`] ljY\alagfYd ZYjja]jk lg \]Zl eYjc]lk ^gj bmfagjk$ ]imalq ak ]ph][l]\ lg [gflafm] lg egn] aflg bmfagjk Yf\ ea\%la]j l`jgm_` AHGk$ khaf%gmlk$ hdY[]e]flk gj g^^%lYc] YjjYf_]e]flk& Bmfagjk f]]\ lg Z] af[j]Ykaf_dq affgnYlan] af l`]aj YhhjgY[` lg fYf[af_ Zq af[dm\af_ eYbgjk$ g^^%lYc] hYjlf]jk$ Yf\ emdla%dYl]jYd \]n]dghe]fl Y_]f[a]k& Afn]klgjk Yhh]lal] ^gj ]phgkmj] lg ]e]j_af_ eYjc]lk ak ]ph][l]\ lg Zggkl _dgZYdarYlagf Yf\ [jgkk%Zgj\]j afn]kle]flk&
[gmd\ Z] l`] c]q lg mfdg[c l`] mflYhh]\ hgl]flaYd g^ l`] [gmfljqk nYkl fYlmjYd j]kgmj[]k& L`] egn] oadd ]f[gmjY_] _dgZYd eafaf_ [gehYfa]k lg ]fl]j Af\aYk j]kgmj[] eafaf_ k][lgj$ Yk al oadd aehjgn] Y[[]kk lg [YhalYd Yf\ Ydkg khj]Y\ l`] jakc afngdn]\ af ]phdgjYlagf Yf\ eafaf_ mf\]jlYcaf_k& <jYoaf_ Y hYjYdd]d ^jge l`] gad Yf\ _Yk af\mkljq$ kge] bmfagj hdYq]jk ^jge Af\aY `Yn] `Y\ km[[]kk^md ]imalq g^^]jaf_k Yf\ daklaf_k af gn]jk]Yk eYjc]lk$ hYjla[mdYjdq l`] 9AE& =n]f Yf Af\aYf eafaf_ [gehYfq$ CgdYj ?gd\$ km[[]kk^mddq jYak]\ [YhalYd gf 9AE& Af Y fmlk`]dd$ kge] g^ l`]k] gn]jk]Yk bmjak\a[lagfk `Yn] af[j]Yk]\ mf\]jklYf\af_ Yf\ Yhhj][aYlagf Yf\ af[j]Ykaf_dq af%\]hl` Yf\ klYZd] hggdk g^ [YhalYd ^gj fYlmjYd j]kgmj[]k [gehYfa]k& L`]j]^gj]$ l`]q [Yf hjgna\] aehjgn]\ ^mf\jYakaf_ ghhgjlmfala]k ^gj bmfagj eafaf_ ]phdgjYlagf [gehYfa]k ^jge Af\aY& Kge] g^ l`]k] bmjak\a[lagfk$ af[dm\af_ Dgf\gf$ Yj] Ydkg _dgZYd fYf[aYd `mZk Yf\$ l`]j]^gj]$ `Yn] ka_fa[Yfl \]Zl hggdk Yk o]dd& L`]k] l]f\ lg Z] n]jq YlljY[lan] ^gj [gehYfa]k oal` _dgZYd YkhajYlagfk&
Exhibit 15. Proceeds from equity issues by junior mining companies on AIM, TSX, TSX-V and ASX 20,000 18,000 16,000 14,000 US$ million 12,000 10,000 8,000 6,000 4,000 2,000 0 2008 2009 2010 IPO 1H2011
+&+ ;YhalYd jYakaf_ ^gj ]phdgjYlagf [gehYfa]k

Capital raising for exploration companies: L`] ?gA afl]f\k lg Yddgo k]n]jYd eafaf_ [gehYfa]k lg dakl gf klg[c ]p[`Yf_]k Ydgf_ l`] daf]k g^ 9mkljYdaYf Yf\ ;YfY\aYf klg[c ]p[`Yf_]k& Al `Yk Ydkg hjghgk]\ n]flmj] [YhalYd N;! afn]kle]fl af l`] k][lgj& L`] ?gA afl]f\k lg ]f[gmjY_] N; fYf[af_ Zq go l`jgm_` k`Yj]k Yf\ Yddgoaf_ Af\aYf ]phdgjYlagf [gehYfa]k lg akkm] _dgZYd \]hgkalYjq j][]ahlk ?<Jk! oal`gml hjagj l]klaf_ af l`] Af\aYf eYjc]l& L`] ]klYZdakè]fl g^ Y dg[Yd jakc [YhalYd eYjc]l af Af\aY lg ^mf\ _j]]f]d\ eafaf_ Yf\ ]phdgjYlagf hjgb][lk
Follow ons
Source: Thomson Financial, Ernst & Young
Mining India
17
=f`Yf[af_ gh]jYlagfYd ]^[a]f[q and managing costs
<mjaf_ l`] fYf[aYd [jakak$ l`] \][daf] af \]eYf\ ^gj[]\ kge] eafaf_ [gehYfa]k lg mf\]jlYc] hjg\m[lagf [mlk$ oà[` j]kmdl]\ af gh]jYlagfk Yl kge] eaf]k Z][geaf_ mf][gfgea[Yd$ oà[`$ af lmjf$ d]\ lg l`] [dgkmj] g^ Y ^]o eafaf_ gh]jYlagfk& Oal` l`] ngdYladalq g^ [geeg\alq hja[]k$ [gehYfa]k Yj] af[j]Ykaf_dq ^g[mk]\ gf af[j]Ykaf_ hjglYZadalq hjaeYjadq Zq eYpaearaf_ gmlhml ^jge gh]jYlagfk Yf\ j]\m[af_ l`] mfal [gkl g^ hjg\m[lagf&
=f`Yf[af_ ]^[a]f[q Yf\ hjg\m[lanalq

;gehYfa]k Yj] ^g[mkaf_ gf l`j]] c]q Yj]Yk lg aehjgn] ]^[a]f[q Yf\ hjg\m[lanalq2 Aehjgn] gh]jYlagfYd h]j^gjeYf[] EYfY_] [YhY[alq mladarYlagf Mf\]jlYc] kljYl]_a[ bgafl n]flmj]k BNk!
18
Mining India
1.1.Improve operational performance Eafaf_ [gehYfa]k Yj] mf\]jlYcaf_ emdlahd] e]Ykmj]k lg aehjgn] gh]jYlagfYd h]j^gjeYf[]2 Y& 9kk]l eYfY_]e]fl L`] ^g[mk g^ [gehYfa]k gf aehjgnaf_ Ykk]l j]daYZadalq ak gf l`] af[daf]& 9k hYjl g^ Ykk]l j]daYZadalq hjg_jYek$ [gehYfa]k Yj] ^g[mkaf_ gf Y\ghlaf_ hjgY[lan] eYafl]fYf[] kljYl]_a]k$ ]&_&$ hj]\a[lan] Yf\ j]daYZadalq%[]fl]j]\ eYafl]fYf[]& Z& 9kk]l mladarYlagf Yf\ ghlaearYlagf Eafaf_ [gehYfa]k `Yn] Z]_mf lg Y\ghl YmlgeYlagf ]&_&$ eaf]%eYfY_]e]fl kqkl]ek$ oal` l`] gZb][lan] g^ aehjgnaf_ Ykk]l mladarYlagf afka\] eaf] Yj]Yk& ;YhY[alq hdYffaf_ ak dYj_]dq ZYk]\ gf eYpaearaf_ l`] mk] g^ ]paklaf_ Ykk]lk& 9 [Yk] af hgafl ak l`Yl g^ Yf Af\aYf e]lYdk Yf\ eafaf_ eYbgj$ oà[` `Yk ^g[mk]\ ]pl]fkan]dq gf Ykk]l ghlaearYlagf Yf\ j]\m[]\ hjg\m[lagf [gklk& L`] [gehYfq ak af l`] dgo]kl [gkl imYjlad] af l]jek g^ hjg\m[lagf [gklk af alk Af\aYf [ghh]j ke]dlaf_ Yf\ j]faf_ Zmkaf]kk Yf\ raf[ eafaf_ gh]jYlagfk& Al afl]f\k lg [gflafm] aehjgnaf_ alk hjg\m[lagf hjg[]kk]k Yf\ e]l`g\k lg ]f`Yf[] gh]jYlagfYd ]^[a]f[q& [& K`Yj]\ k]jna[]k YhhjgY[` Eafaf_ [gehYfa]k$ lgg$ Yj] klYjlaf_ lg ]nYdmYl] oYqk af oà[` lg aehjgn] gh]jYlagfk$ klYf\Yj\ar] hjg[]kk]k
Yf\ j]\m[] [gklk Zq aehd]e]flaf_ Y k`Yj]\ k]jna[] YhhjgY[` lg [Yhlmj] l`] Z]f]lk g^ ][gfgea]k g^ k[Yd] ^gj [geegf afalaYlan]k& ;geegf hjg[]kk]k l`Yl `Yn] Z]]f ljYfkalagf]\ lg Y k`Yj]\ k]jna[]k eg\]d af[dm\] hjg[mj]e]fl$ af^gjeYlagf l][`fgdg_q$ [geemfa[Ylagf Yf\ hYq jgdd& Kge] gh]jYlgjk Yj] fgo [gfka\]jaf_ gl`]j Y[lanala]k l`Yl [gmd\ Z] []fljYdar]\$ af[dm\af_ gh]jYlagfYd hdYffaf_ Yf\ eYafl]fYf[] k[`]\mdaf_& Làk YhhjgY[`$ YhYjl ^jge jYlagfYdaraf_ [gklk$ \jan]k [gfka\]jYZd] hjg[]kk imYdalq aehjgn]e]fl& \& Qa]d\$ imYdalq Yf\ nYdm] Y\\alagf Aehjgn]\ gh]jYlaf_ hjY[la[]k af Y Za\ lg j]\m[] hgkkaZd] oYkl] ak l`] jkl kl]h lgoYj\ aehjgnaf_ qa]d\ aehjgn]e]fl& Oal` aehjgn]\ l][`fgdg_a]k YnYadYZd] ^gj ]f`Yf[]\ e]Ykmj]e]fl Yf\ [gfljgd gn]j hjg\m[l imYdalq Yf\ [gfkakl]f[q$ qa]d\ ]f`Yf[]e]flk [Yf Z] Y[à]n]\& >gj egkl eaf]jYdk$ l`]j] ak k[gh] ^gj \gofklj]Ye nYdm] Y\\alagf l`jgm_` ^mjl`]j hjg[]kkaf_& 9dl`gm_` eYj_afk af l`] eafaf_ Zmkaf]kk `Yn] j][]fldq egn]\ mhklj]Ye$ eafaf_ hdYq]jk `Yn] em[` jgge ^gj ka_fa[Yfl nYdm] Y\\alagf lg Y\\j]kk [geeg\alq hja[] ngdYladalq$ ]phYf\ l`]aj Y\\j]kkYZd] eYjc]l$ Yf\ ]f`Yf[] [gfljgd gn]j kmhhdq [`Yafk& 1.2. Manage capacity utilization ;gehYfa]k af l`] eafaf_ af\mkljq Yj] af[j]Ykaf_dq ^Y[af_ ngdYlad] \]eYf\& Af km[` Y k[]fYjag$ hdYq]jk
Mining India
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Yj] Z]af_ n]jq [Yj]^md fgl lg j]kme] a\d] [YhY[alq Yf\ afkl]Y\ eYpaear] nYdm] ^jge l`]aj [mjj]fl gmlhml3 Yfq gn]jkmhhdq [gmd\ hgk] Y jakc lg hja[]k$ hYjla[mdYjdq af l`] oYc] g^ Y \jYkla[ \][daf] af \]eYf\& >gj afklYf[]$ \m] lg Y ngdYlad] DE= Yf\ l`] mfYnYadYZadalq g^ [gYd Yf Ydmeafme [gehYfq c]hl alk gn]jYdd ngdme] g^ Zgl` YdmeafY Yf\ Ydmeafme egj] gj d]kk kl]Y\q \mjaf_ )I)* Yf\ hjg\m[]\ egj] nYdm]%Y\\]\ hjg\m[lk ^jge l`] kYe] jYo eYl]jaYd& L`mk$ al ]Yjf]\ egj] j]n]fm] h]j lgff] Yf\ oYk YZd] lg eYpaear] hjgl af Y k[]fYjag [`YjY[l]jar]\ Zq [YhY[alq [gfkljYaflk& 1.3. Undertake strategic JVs Oàd] [gfljY[l eafaf_ Yk Y [gf[]hl ak kladd ]eZjqgfa[ af Af\aY$ hdYq]jk Yj] ]nYdmYlaf_ l`] hgkkaZadalq g^ [gfljY[laf_ lg kh][aYdar]\ Y_]f[a]k& L`] c]q gZb][lan]k Z]àf\ [gfljY[laf_ lg làj\%hYjlq Y_]f[a]k Yj] lg aehjgn] eafaf_ ]^[a]f[q Yf\ k`Yj] [YhalYd jakck& Gf] g^ l`] ogjd\k dYj_]kl [gfljY[l%eafaf_ [gehYfa]k$ ZYk]\ af 9mkljYdaY$ `Yk ]fl]j]\ Y
[gfljY[l%eafaf_ hjgb][l oal` Yf Af\aY%ZYk]\ hgo]j mladalq eYbgj lg \]n]dgh Yf\ gh]jYl] Y _j]]f]d\ [gYd eaf] af B`Yjc`Yf\& 9fgl`]j [Yk] af hgafl ak Y klYl]%gof]\ dakl]\ eafaf_ [gehYfq l`Yl gofk ajgf gj] j]k]jn]k& L`] [gehYfq ak [mjj]fldq af lYdck oal` k]n]jYd gl`]j hmZda[ k][lgj eafaf_ [gehYfa]k ^gj l`] [gfljY[l eafaf_ g^ alk j]k]jn]k g^ ajgf gj]$ eYf_Yf]k] Yf\ \gdgeal]&
Managing costs
C]q hjg\m[lagf [gklk ^gj eafaf_ [gehYfa]k [gehjak] klgj]k Yf\ [gfkmeYZd]k3 j]hYajk Yf\ eYafl]fYf[]3 hgo]j [gklk3 eYfhgo]j3 Yf\ eaf] \]n]dghe]fl& Klgj]k Yf\ [gfkmeYZd]k$ j]hYajk Yf\ eYafl]fYf[]$ hgo]j$ Yf\ eYfhgo]j [gklk [gfljaZml] 1(1- g^ eafaf_ [gehYfa]k hjg\m[lagf [gklk& EYfY_af_ [gklk ]fYZd]k [gehYfa]k$ lg k][mj] ^YngjYZd] j]lmjfk gf afn]kle]fl af gj\]j lg _jgo l`]aj Zmkaf]kk]k& ;gehYfa]k ^Y[] jakc af l]jek g^ fYf[aYd `]Ydl` a^ l`]q ^Yad lg eYfY_] l`] [gklk l`Yl Y \goflmjf
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Mining India
^gj[]k gf l`]e& EYfq [gehYfa]k `Yn] j]khgf\]\ Zq [mllaf_ [gklk Yf\ j]\m[af_ Zgjjgoaf_k lg klYZadar] l`]aj gh]jYlagfk& Làk lj]f\ l]f\k lg Y[[]d]jYl] af l`] [gmjk] g^ Y \goflmjf$ oal` Zmkaf]kk]k hmllaf_ [gkl eYfY_]e]fl Yl l`] lgh g^ l`]aj Y_]f\Yk& L`] ^gddgoaf_ Yj] l`] c]q Yj]Yk l`Yl eafaf_ [gehYfa]k ^g[mk gf lg ghlaear] [gklk2 Gn]jYdd ]imahe]fl ]^^][lan]f]kk G==! aehjgn]e]fl =f]j_q ]^[a]f[q EYfhgo]j ]^[a]f[q Dg_akla[k [gklk Ogjcaf_ [YhalYd eYfY_]e]fl ;gehYfa]k `Yn] d]Yjf]\ eYfq d]kkgfk ^jge l`] j][]fl \goflmjf$ Zml [gflafmgmk aehjgn]e]flk af hjg[]kk]k Yf\ l`] Y\YhlYZadalq lg Yf ]n]j%[`Yf_af_ _dgZYd ]fnajgfe]fl oadd j]eYaf c]q ^g[mk af l`] f]Yj ^mlmj]&
Skill development
:]qgf\ l`]k] hjg\m[lanalq ]f`Yf[]e]fl e]Ykmj]k$ l`] Af\aYf eafaf_ af\mkljq f]]\k lg ^g[mk gf \]n]dghaf_ eafaf_ hjg^]kkagfYdk Yf\ Y kcadd]\ j]kgmj[] ZYk]& 9[[gj\af_ lg Y ;gf^]\]jYlagf g^ Af\aYf Af\mkljq ;AA! klm\q gf eYhhaf_ `meYf j]kgmj[]k Yf\ kcaddk ^gj l`] eafaf_ af\mkljq af Af\aY$ l`] dY[c g^ kcadd]\ ogjc]jk ak dac]dq lg aehY[l af\mkljq hjg\m[lanalq& L`]j] ak Y ka_fa[Yfl k`gjlY_] g^ ljYaf]\ gh]jYlgjk km[` Yk ZdYkl]jk$ k`gjl j]jk$ \jadd]jk$ `]Ynq eY[àf] gh]jYlgjk Yf\ kmjn]qgjk& >mjl`]j$ af^jYkljm[lmj] lg ljYaf h]ghd] Yl làk d]n]d ak Ydkg YZk]fl& L`] af\mkljq$ oà[` [mjj]fldq dY[ck Yhh]Yd Yegf_ l`] eYbgjalq g^ l`] [gmfljqk ]\m[Yl]\ qgml`$ emkl ogjc [g`]kan]dq lgoYj\ [j]Ylaf_ Y j]kgmj[] hggd oal` j]imakal] kcadd k]lk lg Y\\j]kk l`] kcaddk k`gjlY_] af Af\aY$ oà[` `Yk Ydkg Z]]f Y c]q jakc ^gj l`] af\mkljq _dgZYddq&
Mining India
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Hgda[q$ j]_mdYlgjq Yf\ lYpYlagf ^jYe]ogjc
L`] hgda[q mk]k []jlYaf eafaf_ d]_akdYlagfk km[` Yk l`] EE<J9$ )1-/$ Yf\ l`] Eaf]k 9[l$ )1-*$ lg_]l`]j oal` l`]aj j]kh][lan] jmd]k Yf\ j]_mdYlagfk& L`] EE<J 9[l [gflYafk log k]lk g^ jmd]k Eaf]jYd ;gf[]kkagf Jmd]k$ )1.( E;J! Yf\ Eaf]jYd ;gfk]jnYlagf Yf\ <]n]dghe]fl Jmd]k$ )100 E;<J! lg \]Yd oal` eYbgj eaf]jYdk klYl] _gn]jfe]flk Yj] ^j]] lg \]Yd oal` eaf]jYd [gf[]kkagfk j]dYl]\ lg eafgj eaf]jYdk! Yf\ ]fYZd] l`] Af\aYf :mj]Ym g^ Eaf]k A:E! lg egfalgj Yf\ j]_mdYl] eafaf_ Y[lanalq af l`] [gmfljq$ j]kh][lan]dq& Af l`] Eaf]k Yf\ Eaf]jYdk J]_mdYlagf Yf\ <]n]dghe]fl! 9[l EEJ<9! 9e]f\e]fl )111$ JHk o]j] afljg\m[]\$ Yf\ l`] ><A [Yh oYk af[j]Yk]\ ^jge -( lg )(( ^gj Ydd eaf]jYdk$ ]p[]hl ^gj \aYegf\k&
KmZk]im]fldq$ ><A af l`] \aYegf\ af\mkljq Ydkg af[j]Yk]\ lg )((& L`] FYlagfYd Eaf]jYd Hgda[q g^ *((+ hYn]\ l`] oYq ^gj ^gj]a_f [gehYfa]k lg afn]kl af l`] Af\aYf eafaf_ af\mkljq& @go]n]j$ l`] af\mkljq ^Y[]\ nYjagmk [`Ydd]f_]k mf\]j l`] FEH *((+ hgda[q2 KeYdd kar] g^ HDk Yf\ EDk2 L`] kar]k g^ HDk Yf\ EDk o]j] lgg keYdd$ Yl gfdq *ki& ce& Yf\ )( ki& ce&$ j]kh][lan]dq& Fg Y\`]j]f[] lg lae] daealk2 L`] lae] lYc]f Z]lo]]f l`] Yhhda[Ylagf Yf\ l`] _jYfl g^ h]jeakkagf jYf_]\ ^jge kap egfl`k lg l`j]] q]Yjk gj egj]&
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Mining India
Fg d]n]d hdYqaf_ ]d\2 Af Af\aY$ hmZda[ k][lgj [gehYfa]k o]j] _an]f hjagjalq af l`] Yddg[Ylagf g^ da[]fk]k& L`] )11+ FEH \a\ fgl km[[]]\ af [j]Ylaf_ Y d]n]d hdYqaf_ ]d\ ^gj hjanYl] [gehYfa]k& Fg ka_fa[Yfl _gn]jfe]fl [gf[]kkagf2 L`] hgda[q f]al`]j g^^]j]\ Yfq lYp af[]flan]k gf ]phdgjYlagf ]ph]f\almj]$ fgj \a\ al ]f[gmjY_] [gehYfa]k lg _]l dakl]\ lg jYak] ^mf\k ^gj ]phdgjYlagf& DY[c g^ ]phdgjYlagf2 L`] ?KA oYk klj]l[`]\ \m] lg alk k[Yj[] j]kgmj[]k Yf\$ l`]j]^gj]$ ZYjjaf_ [gYd Yf\ ajgf gj]$ eaf]jYdk j]eYaf]\ dYj_]dq mf\]j]phdgj]\& 9eZa_malq af dYok2 L`]j] ak Y [gfka\]jYZd] gn]jdYh Z]lo]]f l`] j]dYlan] jgd]k g^ l`] KlYl]k nak%%nak l`] ;]flj]& Hjg[]\mjYd [gehd]pala]k2 :]^gj] Yf ED [Yf Z] ]p][ml]\$ Y dYj_] fmeZ]j g^ [d]YjYf[]k fgl YnYadYZd] Yl Y kaf_d] oaf\go! Yl Zgl` l`] []fljYd Yf\ klYl] d]n]dk f]]\k lg Z] lYc]f mf\]j l`] EE<J 9[l$ E;J$ E;<J Yf\ l`] >gj]kl ;gfk]jnYlagf! 9[l$ =fnajgfe]fl Hjgl][lagf! 9[l& K][mjalq g^ l]fmj]2 Fg k][mjalq g^ l]fmj] ]pakl]\ Z]lo]]f l`] JH Yf\ HD klY_]k& Egj]gn]j$ Y hj]^]j]flaYd ja_`l ^gj [gfn]jkagf ^jge gf] ^gje g^ [gf[]kkagf lg l`] f]pl \a\ fgl _mYjYfl]] Yf ]p[dmkan] gj YZkgdml] ja_`l lg hjgkh][l gj eaf] Yfq eaf]jYd \]hgkal ^gmf\ oalàf l`] Yj]Y [gn]j]\ Zq l`] JH gj HD&
Lg eYc] l`] eafaf_ af\mkljq af[j]Ykaf_dq ]^[a]fl Yf\ ljYfkhYj]fl$ l`] ?gA ^gje]\ l`] @g\Y ;geeall]]$ oà[` eY\] k]n]jYd j][gee]f\Ylagfk$ oà[` Yj] kmeeYjar]\ Z]dgo2 Gh]f kcq hgda[q Yl afalaYd klY_]k$ a&]&$ Yl l`] klY_] g^ JHk$ l`]j]Zq j]egnaf_ ]p[dmkanalq K]Yed]kk ljYfkalagf ^jge JH lg HD oal`gml Yfq \ak[j]lagf Zq _gn]jfe]fl Zg\a]k >d]paZadalq af afl]jae l]fmj]k Af[j]Yk] af l`] Yj]Y ^gj ]Y[` lqh] g^ [gf[]kkagf K][mjalq g^ l]fmj] lg Z] ]fkmj]\ jYl`]j l`Yf hj]^]j]flaYd lj]Yle]fl Lae]dq [d]YjYf[] g^ eaf]jYd [gf[]kkagfk NYdm] Y\\alagf j]imaj]e]fl lg Z] _an]f hj]^]j]f[]$ Zml fgl Yf YZkgdml] j]imaj]e]fl ;`Yf_]k af jgqYdlq kljm[lmj] lg Y\ nYdgj]e Kaehda[Ylagf g^ l`] ]fnajgfe]flYd [d]YjYf[] j]imaj]e]fl K]llaf_ mh Y eaf]jYd \]n]dghe]fl ^mf\ E<>! L`] j][gee]f\Ylagfk g^ l`] @g\Y ;geeall]] Yf\ l`] FYlagfYd Eaf]jYd Hgda[q Yj] af l`] hjg[]kk g^ Z]af_ aehd]e]fl]\& L`] ?gA ak fYdaraf_ Y \jY^l Y[l lg j]hdY[] ]paklaf_ d]_akdYlagfk ^gj l`] ]^^][lan] aehd]e]flYlagf g^ l`]k] j][gee]f\Ylagfk&
Mining India
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=pàZal ). 2 >g[mk af l`] f]o \jY^l EE<J :add Akkm]k =phdgjYlagf da[]fk]k @g\Y ;geeall]] j][gee]f\Ylagfk Egn] ^jge l`] log%la]j JH Yf\ HD! eg\]d lg l`] l`j]]%la]j kqkl]ek g^ JD$ D9HD" Yf\ HD& 9\ghl Yf gh]f kcq hgda[q g^ _jYflaf_ fgf%]p[dmkan] JHk oal`gml Yfq hj]^]j]flaYd gj YmlgeYla[ ja_`l lg Y HD& L`] lglYd h]jag\ g^ ]phdgjYlagf mf\]j JH' HD gj JH'D9HD k`gmd\ Z] ]a_`l q]Yjk& Hgkalagf af \jY^l dYo L`] \jY^l dYo af[dm\]k Y hjgnakagf ^gj Y l`j]]%la]j kqkl]e& Làk ak j]hgjl]\dq mf\]j \]ZYl]& L`] \mjYlagfk ^gj D9HD Yf\ HD Yj] af daf] oal` l`] [geeall]]k j][gee]f\Ylagfk& L`] \jY^l dYo Y\ghlk l`] kar] g^ Yj]Y j][gee]f\]\& L`] \jY^l d]_akdYlagf `Yk Y k]hYjYl] k][lagf gmldafaf_ l`] ljYfk^]j g^ da[]fk]k oal` hjg[]\mj]k Yf\ Yhhjgnaf_ Y_]f[a]k&
J][gffYakkYf[] da[]fk] <mjYlagf g^ [gf[]kkagfk
Kar] g^ Yj]Y LjYfk^]jYZadalq g^ da[]fk]k
EYpaeme Yj]Y2 JD%)(c ki& ce&3 HD%-(( ki&ce&3 D9HD%)($((( ki&ce&$ ED%)(( ki& ce& Af[j]Yk]\ ljYfkhYj]f[q [Yf Z] Y[à]n]\ Zq klYlaf_ l`Yl Yf JD'HD'D9HD'ED `Yk l`] ja_`l lg ljYfk^]j l`]aj da[]fk] lg Y imYda]\ ]flalq& L`]j] k`gmd\ Z] Y kaf_d] da[]fk]%Yhhjgnaf_ Yml`gjalq&
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Mining India
=pàZal ). 2 >g[mk af l`] f]o \jY^l EE<J :add NYdm] Y\\alagf Af [Yk] l`]j] Yj] emdlahd] Yhhda[Yflk ^gj Y da[]fk]$ hj]^]j]f[] k`gmd\ Z] _an]f lg Yf Yhhda[Yfl o`g hjghgk]k lg k]l mh Yf af\mkljq ZYk]\ gf l`] eaf]jYd& Afkl]Y\ g^ _anaf_ \aj][l hj]^]j]f[]$ l`] \jY^l d]_akdYlagf j][gee]f\k Y j]na]o g^ Yhhda[Yflk ZYk]\ gf o]a_`l]\ [jal]jaY$ af[dm\af_ nYdm] Y\\alagf Yf\ l`] ]f\% mk] g^ l`] eaf]jYd& K]l mh l`] FYlagfYd Eaf]jYd JgqYdlq ;geeakkagf lg j]na]o ]paklaf_ jYl]k g^ jgqYdla]k Yf\ _ma\]daf]k ^gj l`] [Yd[mdYlagf g^ Y\%nYdgj]e jYl]k Yf\ j][gee]f\ j]nakagfk&
JgqYdla]k
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Kgmj[]k2 HdYffaf_ ;geeakkagf$ Eafakljq g^ Eaf]k " D9HD2 DYj_] 9j]Y Hjgkh][laf_ Da[]fk]
K][mjalq g^ l]fmj] ak Y c]q `mj\d] l`Yl `Yk j]kmdl]\ af l`] kdgo _jgol` g^ ]phdgjYlagf Yf\ eafaf_ af l`] [gmfljq& AfalaYddq$ fg k][mjalq g^ l]fmj] ]pakl]\ Z]lo]]f l`] JH Yf\ HD klY_]k& Egj]gn]j$ Y hj]^]j]flaYd ja_`l ^gj [gfn]jkagf ^jge gf] ^gje g^ [gf[]kkagf lg l`] f]pl \g]k fgl _mYjYfl]] Yf ]p[dmkan] gj YZkgdml] ja_`l lg hjgkh][l gj eaf] Yfq eaf]jYd \]hgkal ^gmf\ oalàf l`]
Yj]Y [gn]j]\ Zq l`] JH gj HD& L`] [mjj]fl \jY^l g^ l`] hjghgk]\ EE<J :add \]Ydk oal` egkl g^ l`]k] akkm]k& Direct Tax Code L`] hjghgk]\ <aj][l LYp ;g\] <L;! hjgnakagfk$ ]ph][l]\ lg Z] Yhhda[YZd] ^jge ) 9hjad *()*$ \g fgl hjgna\] Yfq kh][a[ af[]flan] ^gj eafaf_ Yf\ ]phdgjYlagf [gehYfa]k&
Mining India
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=pàZal )/2 <L; af [gehYjakgf lg ]paklaf_ lYp hjgnakagfk J]d]nYfl hjgnakagfk <]\m[lagf ^gj ]ph]f\almj] =paklaf_ lYp hjgnakagfk Mf\]j l`] Af[ge] LYp 9[l$ )1.) 9[l!$ \]\m[lagfk ^gj ]ph]f\almj] gf hjgkh][laf_ gj \]n]dghaf_ eaf]k oYk h]jeall]\ af l`] ^gddgoaf_ eYff]j2 Af\aYf [gehYfq lg Z] ]f_Y_]\ af hjgkh][laf_ ^gj$ gj ]pljY[lagf gj hjg\m[lagf g^$ Yfq eaf]jYd =ph]f\almj] af[mjj]\ o`gddq Yf\ ]p[dmkan]dq af j]dYlagf lg hjgkh][laf_ ^gj Yfq eaf]jYd gj \]n]dghe]fl g^ eaf]k gj Yfq gl`]j fYlmjYd \]hgkal =ph]fk]k af[mjj]\ Yl Yfq lae] \mjaf_ l`] q]Yj g^ [gee]j[aYd hjg\m[lagf gj ^gmj q]Yjk aee]\aYl]dq hj][]\af_ l`] q]Yj g^ [gee]j[aYd hjg\m[lagf <]\m[lagf Yddgo]\ af )( ]imYd afklYdde]flk Z]_affaf_ oal` l`] q]Yj g^ [gee]j[aYd hjg\m[lagf <]hj][aYlagf jYl] <]hj][aYlagf jYl] g^ )(( hj]k[jaZ]\ af j]kh][l g^ Ykk]lk lmZk$ oaf\af_ jgh]k$ `YmdY_] jgh]k$ kYf\ klgoaf_ hah]k Yf\ kY^]lq dYehk! mk]\ af eaf]k Yf\ imYjja]k Cfgo%`go Yfq af\mkljaYd af^gjeYlagf gj l][`faim] dac]dq lg Ykkakl af l`] ogjcaf_ g^ l`] eaf]$ gad o]dd gj gl`]j kgmj[] g^ eaf]jYd \]hgkalk af[dm\af_ k]Yj[àf_ ^gj \ak[gn]jq gj l]klaf_ g^ \]hgkalk ^gj l`] oaffaf_ g^ Y[[]kk l`]j]lg! ]da_aZd] ^gj \]hj][aYlagf Yk Yf aflYf_aZd] Ykk]l Af[j]Yk]\ \]hj][aYlagf jYl]k af j]kh][l g^ Ykk]lk lmZk$ oaf\af_ jgh]k$ `YmdY_] jgh]k$ kYf\ klgoaf_ hah]k Yf\ kY^]lq dYehk! mk]\ af eaf]k Yf\ imYjja]k j]lYaf]\ Yl )(( Yk l`] Y[l Fg km[` hjgnakagf mf\]j l`] <L; Hjgnakagfk mf\]j <L; =ph]f\almj] af[mjj]\ Zq Y h]jkgf j]ka\]fl af Af\aY o`gddq Yf\ ]p[dmkan]dq gf Yfq gh]jYlagfk j]dYlaf_ lg hjgkh][laf_ ^gj Yfq eaf]jYd gj \]n]dghe]fl g^ Y eaf] gj gl`]j fYlmjYd \]hgkal g^ Yfq eaf]jYd k`Ydd Z] lj]Yl]\ Yk \]^]jj]\ j]n]fm] ]ph]f\almj]& 9egjlarYlagf gn]j Y h]jag\ g^ )( q]Yjk ak h]jeall]\ ^gj km[` \]^]jj]\ j]n]fm] ]ph]fk]k&
;Yjjq ^gjoYj\
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Mining India
=pàZal )/2 <L; af [gehYjakgf lg ]paklaf_ lYp hjgnakagfk LYp [gdd][lagf Yl kgmj[] Hjgnakagfk j]dYlaf_ lg lYp [gdd][lagf Yl kgmj[] Yhhdq lg _jYfl g^ d]Yk] gj ljYfk^]j g^ Yfq ja_`l l`]j]af ^gj eafaf_ gj imYjjqaf_ Yf\ Yhhda[YZd] jYl] ak * JYl] g^ lYp [gdd][lagf Yl kgmj[] ^gj _jYfl g^ d]Yk] gj ljYfk^]j g^ Yfq ja_`l l`]j]af ^gj eafaf_ gj imYjjqaf_ jYak]\ lg + O]a_`l]\ \]\m[lagf ]imYd lg *((! h]jeall]\ mf\]j l`] <L; af j]kh][l g^ ]ph]f\almj] af[mjj]\ gf [j]Ylaf_ Yf\ eYaflYafaf_$ Yf\ [Yjjqaf_ gml k[a]fla[ j]k]Yj[` Yf\ \]n]dghe]fl Yl Yf af%`gmk] ^Y[adalq3 `go]n]j$ ]ph]f\almj] af[mjj]\ gf hjgkh][laf_$ ]phdgjaf_ gj \jaddaf_ ^gj gj hjg\m[af_ eaf]jYdk fgl af[dm\]\ af \]falagf g^ k[a]fla[ j]k]Yj[` Yf\ \]n]dghe]fl$ oà[` ]^^][lan]dq e]Yfk o]a_`l]\ \]\m[lagf fgl h]jeall]\ ^gj ]phdgjYlagf Yf\ eafaf_ [gehYfa]k
K[a]fla[ j]k]Yj[` Yf\ \]n]dghe]fl
Kgmj[]k2 Af[ge] LYp 9[l )1.)3 L`] <aj][l LYp ;g\]$ *()(
Mining India
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KmklYafYZadalq af eafaf_
Eafaf_ hjg\m[lk Yj] ]kk]flaYd lg [gfl]ehgjYjq kg[a]la]k Yf\ ][gfgea]k& EYfq ZYka[ f]]\k [Yffgl Z] e]l oal`gml km[` hjg\m[lk& @go]n]j$ kaehdq e]]laf_ eYjc]l \]eYf\ ^gj eaf]jYd [geeg\ala]k ^Yddk ^Yj k`gjl g^ e]]laf_ kg[a]lqk ]ph][lYlagfk g^ af\mkljq& Afl]jfYlagfYddq$ al ak oa\]dq j][g_far]\ Yf\ Y[cfgod]\_]\ l`Yl l`] \]n]dghe]fl Yf\ Y[à]n]e]fl g^ Y kg[a]lqk ][gfgea[ _gYdk Yj] aflja[Yl]dq afl]jloaf]\ oal` alk kg[aYd Yf\ ]fnajgfe]flYd \]n]dghe]fl& Làk `Yk d]\ lg af[j]Yk]\ ^g[mk gf kmklYafYZd] \]n]dghe]fl Yegf_ _gn]jfe]flk Yf\
Zmkaf]kk]k Ydac]& Af làk [gfl]pl$ gf] g^ l`] _j]Yl]kl [`Ydd]f_]k ^Y[af_ l`] ogjd\ lg\Yq ak ZYdYf[af_ ][gfgea[ _gYdk oal` ]fnajgfe]flYd Yf\ kg[aYd [gf[]jfk oalàf l`] ^jYe]ogjc g^ ]^^][lan] _gn]jfYf[] kqkl]ek& L`] eafaf_ Yf\ eaf]jYdk k][lgj `Yk l`] hgl]flaYd lg [gfljaZml] lg gl`]j kg[a]lYd _gYdk Yf\ kmklYafYZd] \]n]dghe]fl$ l`jgm_` \aj][l Yf\ af\aj][l bgZ [j]Ylagf$ ][gfgea[ \]n]dghe]fl$ Yf\ ]f]j_q Yf\ j]kgmj[] ]^[a]f[q lYj_]lk$ ^gj ]pYehd]&
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=pàZal )02 C]q kmklYafYZadalq akkm]k af l`] eafaf_ af\mkljq ;gfljaZmlagf lg ?<H Yf\ o]Ydl` [j]Ylagf ;gklk$ kYd]k Yf\ hjglk Afn]kle]flk [YhalYd$ ]ehdgq]]k$ hgddmlagf hj]n]flagf Yf\ eaf] [dgkmj]! K`Yj]`gd\]j nYdm] :ag\an]jkalq dgkk =eakkagfk lg Yaj =f]j_q mkY_] :jaZ]jq Yf\ [gjjmhlagf ;j]Ylagf g^ ]ehdgqe]fl DYZgj'eYfY_]e]fl j]dYlagfkàhk
DYf\ mkY_]$ eYfY_]e]fl Yf\ j]`YZadalYlagf
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Mining India
=pàZal )02 C]q kmklYafYZadalq akkm]k af l`] eafaf_ af\mkljq NYdm] Y\\alagf <akljaZmlagf g^ j]n]fm]k Yf\ o]Ydl` FmakYf[] Hjg\m[l lgpa[alq J]kgmj[] mkY_] Yf\ YnYadYZadalq Kgd\ oYkl] ?dgZYd oYjeaf_ Yf\ gl`]j ]fnajgfe]flYd aehY[lk OYl]j mkY_]$ ]^m]flk Yf\ d]Y[`Yl]k af[dm\af_ Y[a\ eaf] \jYafY_]!
Kgmj[]2 ;àfY KmklYafYZd] <]n]dghe]fl Klm\q
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=[gfgea[ akkm]k Gf] g^ l`] eYbgj [`Ydd]f_]k ^gj l`] Af\aYf eafaf_ af\mkljq da]k af ]fkmjaf_ dgf_%l]je ][gfgea[ kmklYafYZadalq& 9hYjl ^jge ljY\alagfYd ][gfgea[ hYjYe]l]jk km[` Yk kYd]k Yf\ hjglk$ gl`]j ][gfgea[ ^Y[lgjk km[` Yk afn]kle]flk af kg[aYd k][lgjk Yf\ hYqe]flk eY\] lg l`] _gn]jfe]fl Ydkg f]]\ lg Z] lYc]f aflg Y[[gmfl& L`] eafaf_ af\mkljq f]]\k lg \]n]dgh af^jYkljm[lmj] Yf\ afklalmlagfk lg ]fkmj] l`] ][gfgea[ kmklYafYZadalq g^ [geemfala]k& Làk _g]k o]dd Z]qgf\ l`] da^] [q[d] g^ eafaf_ gh]jYlagfk& 9\\alagfYddq$ l`] eafaf_ af\mkljq ak kljgf_dq ]f[gmjY_]\ lg ljYfkhYj]fldq j]][l Ydd hYqe]flk& 9k km[`$ hYqe]flk j]d]Yk]\ lg kg[a]lq k`gmd\ Z] ZYk]\ gf klYc]`gd\]jk f]]\k Yf\ hjagjalar]\ Y[[gj\af_dq ^gj ]^^][lan] ^mf\ mladarYlagf& =fnajgfe]flYd akkm]k L`] \]hd]lagf g^ fgf%j]f]oYZd] j]kgmj[]k Yf\ ]fnajgfe]flYd hgddmlagf Yk Y j]kmdl g^ Yaj ]eakkagfk$ l`] \ak[`Yj_] g^ daima\ ]^m]flk$ Yf\ l`] _]f]jYlagf g^ dYj_] ngdme]k g^ kgda\ oYkl] `Yn] Y^^][l]\ l`] ]fnajgfe]fl& Af Y\\alagf$ ]pljY[lagf Y[lanala]k `Yn] Y nakmYd aehY[l gf l`] dYf\k[Yh] Yf\ \akjmhl l`]
fYlmjYd `YZalYl$ j]kmdlaf_ af dgkk g^ Zag\an]jkalq& L`] eafaf_ g^ kge] lqh]k g^ eaf]jYdk eYq Ydkg [gflYeafYl] oYl]joYqk Yf\$ l`mk$ f]_Ylan]dq Y^^][l Zag\an]jkalq& Kg[aYd akkm]k G[[mhYlagfYd `]Ydl` Yf\ kY^]lq G@K! ak Yegf_ l`] eYbgj ]ehdgq]]%j]dYl]\ [`Ydd]f_]k ^Y[af_ l`] eafaf_ Yf\ eaf]jYdk af\mkljq& L`] egkl [geegf ]ehdgqe]fl%j]dYl]\ \ak]Yk]k af l`] af\mkljq Yj] hf]meg[gfagkak$ kada[gkak$ YkZ]klgkak Yf\ dmf_ cancer. =ehdgq]] ]\m[Ylagf Yf\ kcadd \]n]dghe]fl Yj] ]imYddq aehgjlYfl hjagjala]k& K]n]jYd klm\a]k km__]kl l`Yl l`] af\mkljq ^Y[]k Y [`Ydd]f_] af YlljY[laf_ à_`%imYdalq ]ehdgq]]k$ \m] lg l`] f]_Ylan] aeY_] al ak Ykkg[aYl]\ oal` af l]jek g^ dgo bgZ hjgkh][lk Yf\ hggj imYdalq g^ da^]& >mjl`]j$ mf^Yajdq dgo oY_]k$ [àd\ dYZgj$ l`] ]phdgalYlagf g^ oge]f$ Yf\ l`] nagdYlagf g^ af\a_]fgmk ja_`lk Yj] Yegf_ l`] akkm]k Ykkg[aYl]\ oal` l`] af\mkljq& 9k km[`$ l`] hjgl][lagf g^ `meYf ja_`lk ak Yfgl`]j j]d]nYfl kg[aYd [gf[]jf l`Yl f]]\k Y\\j]kkaf_ oàd] [gfka\]jaf_ l`] kmklYafYZadalq g^ l`] eafaf_ Yf\ eaf]jYdk k][lgj& Gl`]j Ykkg[aYl]\ akkm]k af[dm\] [geh]fkYlagf Yf\ j]k]lld]e]fl hY[cY_]k Yf\ kmhhgjl ^gj l`gk] o`g `Yn] Z]]f \akhdY[]\ l`jgm_` eafaf_ Y[lanalq&
Mining India
29
=pàZal )12 Faf] c]q [`Ydd]f_]k af kmklYafYZadalq Substantial cost burden a threat to sustainable development L`] Za__]kl [`Ydd]f_] ^gj kmklYafYZd] \]n]dghe]fl af eaf]jYd [gehYfa]k ak lg YllY[` l`] [gf[]hl lg fYf[aYd km[[]kk& ;gehYfa]k Yj] af[j]Ykaf_dq ^Y[af_ akkm]k g^ dYZgj Yf\ `]Ydl` [gklk$ hgkl% [dgkmj]$ Yk o]dd Yk gl`]j kg[aYd [gklk& Poor land-acquisition practices DYf\$ o`]f Y[imaj]\ oal`gml l`] [gfk]fl g^ dg[Yd h]ghd]$ [j]Yl]k lj]e]f\gmk [gf[]jf& >mjl`]j$ j]k]lld]e]fl g^l]f d]Y\k lg dYf\d]kkf]kk$ af[j]Yk]\ mf]ehdgqe]fl$ dY[c g^ Y[[]kk lg ZYka[ `gmkaf_$ Yf\ mfYnYadYZadalq g^ [geegf j]kgmj[]k ^gj km[` _jgmhk g^ h]ghd]& Environmental hazards Eafaf_ [gehYfa]k Yj] g^l]f ^Y[]\ oal` l`] [`Ydd]f_] g^ ]fkmjaf_ eafaeYd aehY[l gf l`] ]fnajgfe]fl& L`]k] [gehYfa]k `Yn] lg làfc g^ oYkl] eafaearYlagf Yf\ Zmad\ hjg[]kk]k Y[[gj\af_dq& L`] egkl [geegfdq mk]\ lggd$ a&]&$ l`] =fnajgfe]flYd AehY[l 9kk]kke]fl =A9! `Yk Z]]f eY\] eYf\Ylgjq ^gj egkl dYj_]%k[Yd] \]n]dghe]fl hjgb][lk& Lack of transparency Eafaf_ [gehYfa]k Yj] g^l]f ^Y[]\ oal` l`] [`Ydd]f_] g^ ]fkmjaf_ eafaeYd aehY[l gf l`] ]fnajgfe]fl& L`]k] [gehYfa]k j]imaj] `Yf\daf_ aee]fk] imYflala]k g^ oYkl] Yf\ f]]\ lg \]n]dgh oYqk lg afl]jfYdar] l`] [gklk g^ Y[a\ \jYafY_]& L`] =A9 `Yk Z]]f eY\] eYf\Ylgjq ^gj egkl dYj_]%k[Yd] \]n]dghe]fl hjgb][lk& Land management Gl`]j akkm]k l`Yl f]]\ lg Z] eYfY_]\ af l`] [gfl]pl g^ eaf]jYd \]n]dghe]fl Yj] [geh]fkYlagf$ j]k]lld]e]fl Yf\ dYf\ [dYaek g^ af\a_]fgmk h]ghd]& Challenges faced by small-scale and artisanal miners KeYdd%k[Yd] Yf\ YjlakYfYd eaf]jk [gfklalml] Y k][lagf g^ hggj h]ghd] l`Yl mk] kaehd] lggdk Yf\ ]imahe]fl Yf\ g^l]f ogjc af l`] `Yjk`]kl Yf\ egkl \Yf_]jgmk [gf\alagfk& Km[` Y[lanala]k aehY[l l`] ]fnajgfe]fl af l`] ^gje g^ e]j[mjq hgddmlagf3 \aj][l \mehaf_ g^ lYadaf_k Yf\ ]^m]flk aflg jan]jk3 l`j]Ylk ^jge aehjgh]jdq [gfkljm[l]\ lYadaf_k \Yek3 jan]j \YeY_] af YddmnaYd Yj]Yk3 jan]j kadlYlagf$ ]jgkagf \YeY_] Yf\ \]^gj]klYlagf3 Yf\ dYf\k[Yh] \]kljm[lagf& Improper handling of minerals posing potential risk ;mjj]fl hYll]jfk g^ eaf]jYd mkY_] Yj] ^Y[af_ Y _jgoaf_ fmeZ]j g^ [`Ydd]f_]k& L`]k] jYf_] ^jge [gf[]jfk Yjgmf\ ]^[a]f[q Yf\ oYkl] eafaearYlagf lg l`] jakc Ykkg[aYl]\ oal` l`] mk] g^ eaf]jYdk& ;gehYfa]k Yl \a^^]j]fl klY_]k g^ l`] eaf]jYd [`Yaf [Yf Z]f]l ^jge d]Yjfaf_ lg [gddYZgjYl]$ ]phdgjaf_ ^mjl`]j j][q[daf_$ mkaf_ Yf\ j]%eYfm^Y[lmjaf_ hjg\m[lk$ Yf\ kmhhdq [`Yaf YkkmjYf[]& Sector governance: role, responsibilities and instrument of change KmklYafYZd] \]n]dghe]fl j]imaj]k f]o afl]_jYl]\ kqkl]ek g^ _gn]jfYf[]& NgdmflYjq [g\]k Yf\ _ma\]daf]k Yj] f]]\]\ lg hjgegl] aehjgn]\ hjY[la[]k af Yj]Yk o`]j] l`] ?gA ak mfYZd] lg ]^^][lan]dq h]j^gje alk jgd] Yk Y j]_mdYlgj& Local communities and mines L`] kg[aYd mh`]YnYd Yf\ af]imalYZd] \akljaZmlagf g^ Z]f]lk Yf\ [gklk oalàf [geemfala]k [Yf [j]Yl] kg[aYd l]fkagf& =fkmjaf_ aehjgn]\ `]Ydl` Yf\ ]\m[Ylagf Y^l]j eaf] [dgkmj] ak Y ^mjl`]j [`Ydd]f_]&
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Mining India
.&* =ngdnaf_ j]khgfk] g^ l`] ?gA lg kmklYafYZadalq

L`] Eafakljq g^ ;gjhgjYl] 9^^Yajk E;9! `Yk Ykkme]\ l`] jgd] g^ Yf ]fYZd]j$ ^Y[adalYlgj Yf\ j]_mdYlgj ^gj l`] ]^^][lan] ^mf[lagfaf_ Yf\ _jgol` g^ l`] [gjhgjYl] k][lgj& 9 fmeZ]j g^ afalaYlan]k Yj] mf\]joYq gf l`] d]_akdYlan]$ k]jna[] \]dan]jq Yf\ [YhY[alq Zmad\af_ ^jgflk af Y Za\ lg hjgna\] l`] [gjhgjYl] k][lgj oal` Yf ]fYZdaf_ j]_mdYlgjq ]fnajgfe]fl [gf\m[an] lg _jgol`& KaemdlYf]gmkdq$ l`] E;9 ak Ydkg ^g[mkaf_ gf nYjagmk akkm]k j]dYl]\ lg af[dmkan] _jgol` af j]dYlagf lg l`] \]n]dghe]fl g^ l`] [gjhgjYl] k][lgj& L`] kmZb][l g^ [gjhgjYl] kg[aYd j]khgfkaZadalq Ydkg j]^]jj]\ lg Yk
kmklYafYZadalq `Yk ]ngdn]\ gn]j l`] hYkl ^]o \][Y\]k$ ^jge kaehd] hàdYfl`jgha[ Y[lanala]k lg afl]_jYlaf_ l`] afl]j]kl g^ Zmkaf]kk oal` l`Yl g^ [geemfala]k$ oa\]j kg[a]la]k Yf\ l`] ]fnajgfe]fl af oà[` al gh]jYl]k& :q ]pàZalaf_ kg[aYddq$ ]fnajgfe]flYddq Yf\ ]là[Yddq j]khgfkaZd] Z]`Ynagj af l`] _gn]jfYf[] g^ alk gh]jYlagfk$ Zmkaf]kk [Yf _]f]jYl] nYdm] Yf\ dgf_% l]je kmklYafYZadalq ^gj alk]d^ oàd] eYcaf_ Y hgkalan] [gfljaZmlagf lg kg[a]lq& L`] E;9 dYmf[`]\ l`] National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business 2011& L`] j]hgjl [al]k faf] hjaf[ahd]k ^gj j]khgfkaZd] Zmkaf]kk2
Conduct and govern with ethics, transparency and accountability
Provide goods and services that are safe and contribute to sustainability throughout their life cycle
Promote the wellbeing of all employees
Respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized
Respect and promote human rights
Respect, protect, and make efforts to restore the environment
O`]f ]f_Y_]\ af afm]f[af_ hmZda[ Yf\ j]_mdYlgjq policy, do so in a responsible manner
Support inclusive growth and equitable development
Engage with and provide value to their customers and consumers in a responsible manner
Kgmj[]2 Eafakljq g^ ;gjhgjYl] 9^^Yajk E;9!
Mining India
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J][]fldq$ l`] Eafakljq g^ =fnajgfe]fl >gj]klk \jY^l]\ l`] ;gjhgjYl] =fnajgfe]flYd Hgda[q$ oà[` klYl]k l`Yl Ydd HKMk Yf\ [gehYfa]k f]]\ lg Y\`]j] lg l`] ^gddgoaf_2 a! 9\ghl o]dd dYa\%5\gof [gjhgjYl] ]fnajgfe]flYd hgda[q& aa! =fkmj]$ Yk Y hYjl g^ l`] hgda[q$ Y\`]j]f[] lg ]fnajgfe]flYd [d]YjYf[]k o`]j]n]j Yhhda[YZd]$ _jYfl]\ lg l`] [gehYfq& aaa! =fkmj] l`Yl$ afl]j%YdaY$ l`] [gehYfq ^mf[lagfk af [gf^gjealq oal` l`] hgda[q& an! =fkmj] l`Yl \]naYlagfk$ a^ Yfq$ ^jge làk hgda[q Yf\ [Yk]k g^ nagdYlagfk g^ ]fnajgfe]flYd Yf\ ^gj]kljq [d]YjYf[]k [gf\alagfk ^gmf\ Zq l`] Eafakljq g^ =fnajgfe]fl >gj]klk gj gl`]j hmZda[ Yml`gjala]k k`gmd\ Z] j]hgjl]\ lg alk ZgYj\ g^ \aj][lgjk Yf\ \]kajYZdq j]][l]\ l`]j]Y^l]j gf alk o]Zkal] Yf\ YffmYd j]hgjl& n! A\]fla^q Yf\ \]ka_fYl] j]khgfkaZd] h]jkgf k! Yl Ydd d]n]dk g^ l`] à]jYj[`q lg ]fkmj] Y\`]j]f[] lg làk hgda[q Yf\ [gehdaYf[] oal` ]fnajgfe]flYd dYok Yf\ j]_mdYlagfk&
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32
Mining India
Lg Y[à]n] làk gZb][lan]$ Af\aYf eafaf_ Yf\ e]lYdk [gehYfa]k [Yf Ydkg dggc lgoYj\ afl]jfYlagfYd hjY[la[]k& Af lg\Yqk j]kgmj[]%[gfkljYaf]\ ogjd\$ eYfq [gehYfa]k af l`] eafaf_ Yf\ e]lYdk k][lgj `Yn] Z]_mf lg \]n]dgh kljYl]_a]k lg eYfY_] Yf\ e]Ykmj] l`] kg[aYd$ ][gfgea[ Yf\ ]fnajgfe]flYd aehY[l g^ l`]aj gh]jYlagfk$ hjg\m[lk Yf\ k]jna[]k& Af lmjf$ l`]q `Yn] Z]]f ljYfkhYj]fldq \ak[dgkaf_ l`]aj kmklYafYZd] h]j^gjeYf[] af l`] ^gje g^ kmklYafYZadalq j]hgjlk lg [geemfa[Yl] làk h]j^gjeYf[] Yf\ Zmad\ ljmkl oal` c]q klYc]`gd\]jk& EYfq [gehYfa]k mk] Y klYf\Yj\ar]\ ^jYe]ogjc lg \ak[dgk] Yf\ [geemfa[Yl] l`]aj kmklYafYZadalq h]j^gjeYf[]$ kg Yk lg ]fYZd] l`] Z]f[èYjcaf_ g^ [gehYfq h]j^gjeYf[] oal` [geh]lalgjk Yk o]dd Yk afl]jfYddq gn]j lae]& L`] ?dgZYd J]hgjlaf_ AfalaYlan] ?JA! ^jYe]ogjc ^gj kmklYafYZadalq j]hgjlaf_ `Yk ]e]j_]\ Yk l`] _dgZYd klYf\Yj\ af làk j]_Yj\$ Yk al ak \]n]dgh]\ l`jgm_` Y emdla%klYc]`gd\]j$ [gfk]fkmk% ZYk]\ YhhjgY[`$ oà[` ]fkmj]k [j]\aZadalq Yegf_ Ydd klYc]`gd\]j _jgmhk& L`] ?JA `Yk k][lgj%kh][a[ j]hgjlaf_ _ma\Yf[] lYadgj]\ lg l`] mfaim] jakck Yf\ Y^^][lk g^ l`] eafaf_ Yf\ e]lYdk k][lgj& Af *()($ Yk eYfq Yk )*, ?JA%ZYk]\ kmklYafYZadalq j]hgjlk o]j] hmZdak`]\ af l`] k][lgj af[dm\af_ kmZka\aYja]k af nYjagmk [gmflja]k!&Làk [geeale]fl lg afl]_jYl] kmklYafYZadalq kljYl]_a]k$ af[dm\af_ j]hgjlaf_
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Mining India
33
Gl`]j akkm]k Yf\ [`Ydd]f_]k
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34
Mining India
AfY\]imYl] \YlYZYk] gf eaf]jYd [gf[]kkagfk L`] YnYadYZadalq g^ af^gjeYlagf `Yk Ydkg Z]]f Y c]q \]l]jj]fl lg Zmad\af_ ljYfkhYj]f[q af l`] eafaf_ k][lgj Yf\ YlljY[laf_ hgl]flaYd afn]klgjk aflg Af\aY& Al ak Z]da]n]\ l`Yl af^gjeYlagf gf l`] hgl]flaYd Yj]Yk ^gj \a^^]j]fl lqh]k g^ eaf]jYd j]kgmj[]k Yf\ l]f]e]flk af l`] [gmfljq ak dY[caf_& Oàd] Y hjgnakagf \g]k ]pakl lg eYaflYaf af^gjeYlagf gj Zmad\ Y \YlYZYk] g^ HDk$ EDk$ Yf\ JHk$ Yegf_ gl`]jk$ al ak fgl mkmYddq YnYadYZd] ^gj hmZda[ mk]$ af Y [gehj]`]fkan] Yf\ lae]dq eYff]j& L`] ?gA$ `go]n]j$ ak aehd]e]flaf_ Yf afalaYlan] lg Y\\j]kk làk [gf[]jf& Hjg[]\mjYd Zglld]f][ck L`] emdla%d]n]d YhhjgnYd hjg[]kk mf\]j \a^^]j]fl klYlml]k Yf\ jmd]k Y[lk Yk Y eYbgj \]l]jj]fl lg f]o afn]kle]flk& Km[` hjg[]\mjYd [gehd]pala]k afngdn] klYlmlgjq Yf\ fgf%klYlmlgjq [d]YjYf[]k$ oà[` YhYjl ^jge Z]af_ lae] [gfkmeaf_$ Ydkg Zj]]\ mf[]jlYaflq& AfY\]imYl] kmhhgjl ^jge lYpYlagf j]_ae] L`] [mjj]fl lYpYlagf j]_ae] Yhhda[YZd] lg l`] Af\aYf eafaf_ k][lgj ak fgl kmhhgjlan] g^ hjanYl]% k][lgj hYjla[ahYlagf$ af[dm\af_ ><A$ hYjla[mdYjdq af mhklj]Ye ]phdgjYlagf& HYjla[mdYj [`Ydd]f_]k j]dYl] lg lYp `gda\Yqk Yf\ Y[[]d]jYl]\ \]hj][aYlagf ^gj ]phdgjYlagf ]ph]f\almj]$ Yk o]dd Yk l`] lYpYlagf g^ afl]jfYlagfYd eafaf_ k]jna[] hjgna\]jk& Social license Af _]f]jYd$ eafaf_ Y[lanalq [j]Yl]k \akjmhlagfk af kg[aYd da^]$ Yf\ l`] af\mkljq emkl ogjc lg Ydd]naYl] km[` \akjmhlagf lg l`] eYpaeme ]pl]fl ^]YkaZd]& Eafaf_ jek ^Y[] j]kaklYf[] ^jge l`] `gkl [geemfalq o`]f al [ge]k lg ]pljY[laf_ eaf]jYdk ^jge eaf]k af l`]aj na[afalq$ hYjla[mdYjdq af à_`%hghmdYlagf \]fkalq [gmfljq Yk Af\aY& G^l]f$ dY[c g^ mf\]jklYf\af_ Yf\ ljmkl$ j]khgfkaZd] d]Y\]jkàh Yf\ [geemfa[Ylagf gf l`] kg[ag% ][gfgea[ aehY[l g^ afn]kle]flk Yj] l`] hjae] j]Ykgfk ^gj km[` [gfa[lk& L`] ?gA ak lYcaf_
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Mining India
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Recommendations
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k]n]jYd q]Yjk lg [ge]& L`] ][gfgea[ hgo]j Ydkg ak kà^laf_ lgoYj\ j]kgmj[] gof]jkàh Yf\ eYj_afk Yj] egnaf_ mhklj]Ye af l`] nYdm] [`Yaf& L`mk$ _jgol` ghhgjlmfala]k ^gj l`] k][lgj Yj] aee]fk]& L`] f]o EE<J 9[l$ o`]f ]fY[l]\$ ak ]ph][l]\ lg ^Y[adalYl] l`] ^mjl`]j \]n]dghe]fl g^ l`] eafaf_ Yf\ ]phdgjYlagf k][lgj Yf\ `]dh YlljY[l ^gj]a_f go lg l`] af\mkljq& Kge] g^ l`] j]imaj]\ ^g[mk Yj]Yk ^gj Y eafaf_ af\mkljq af l`] hj]k]fl _dgZYd [geh]lalan] ]fnajgfe]fl
36
Mining India
Yj] f]o fYf[aYd kljYl]_a]k$ Y__j]kkan] ]phdgjYlagf \]n]dghe]fl hjg_jYek$ afn]kle]fl%^ja]f\dq hgda[a]k Yf\ j]_mdYlgjq ^jYe]ogjc$ nYdm] Y\\alagf g^ eaf]jYdk Yf\ l`] mk] g^ hjg\m[lanalq ]f`Yf[af_ l][`faim]k Yj]& 9hYjl ^jge k]n]jYd kh][a[ j][gee]f\Ylagfk \]Ydl oal` af j]kh][lan] [`Yhl]jk$ làk j]hgjl eYc]k []jlYaf j][gee]f\Ylagfk l`Yl [gmd\ hgl]flaYddq Y[[]d]jYl] afn]kle]fl af eafaf_$ l`mk Y[à]naf_ _jgol` oal` kmklYafYZadalq Yf\ Z]f]lk ^gj Ydd [gf[]jf]\ klYc]`gd\]jk& Sustainable development 9 ^g[mk]\ YhhjgY[` ak Y hj]j]imakal] lg Y\\j]kkaf_ l`] kmklYafYZadalq akkm]k [jala[Yd lg l`] eafaf_ Yf\ e]lYdk af\mkljq& EYfY_]e]flk `Yn] lg hdYq Y c]q jgd] af Y\ghlaf_ kmklYafYZd] hjY[la[]k ^gj l`]aj gh]jYlagfk Yf\ afl]_jYl] kmklYafYZadalq aflg l`]aj gn]jYdd Zmkaf]kk kljYl]_a]k& =fnajgfe]flYd hjgl][lagf ak Y ^mf\Ye]flYd [gehgf]fl g^ kmklYafYZd] \]n]dghe]fl$ Yf\ eafaf_ [gehYfa]k f]]\ lg Y\ghl [gfkljm[lan] e]Ykmj]k lg ogjc af Y j]\m[]\% jakc ]fnajgfe]fl2 ]&_&$ egfalgjaf_ ]eakkagfk$ afl]_jYlaf_ kmklYafYZadalq CHAk oal` hjg\m[lanalq gml[ge]k Yf\ Y\`]j]f[] lg eaf] [dgkmj] fgjek& Minerals taxation reform LYpYlagf j]^gjek af l`] hah]daf] hj]k]fl Yf ghhgjlmfalq lg Yda_f lYp hgda[a]k& 9 hgl]flaYd YhhjgY[` [gmd\ af[dm\] Zmad\af_ af[]flan]k naY g^^k]lk ^gj eaf]jk lg [gfkljm[l oYl]j$ ]f]j_q gj kg[aYd af^jYkljm[lmj]$ oà[` ak fgl gfdq nalYd lg Zmkaf]kk$ Zml Ydkg Z]f][aYd ^gj l`] [geemfalq& Gl`]j j][gee]f\Ylagfk af[dm\] l`] ^gddgoaf_2 Afl]jfYlagfYd eafaf_ k]jna[] hjgna\]jk k`gmd\ Z] lYp]\ mf\]j Y \]]e]\ ZYkak lg ]f[gmjY_] l][`fgdg_q go lg l`] k][lgj& LYp `gda\Yqk Yf\ Y[[]d]jYl]\ \]hj][aYlagf k`gmd\ Z] _an]f lg l`] ]phdgjYlagf af\mkljq& LYpYlagf akkm]k ^gj E9 ljYfkY[lagfk k`gmd\ Z] kaehda]\&
L`mk$ Af\aY `Yk l`] ghhgjlmfalq lg c]]h alk eafaf_ hgda[q j]dYlan]dq [geh]lalan] Yea\ l`] [mjj]fl ]fnajgfe]fl km[` l`Yl l`] k][lgj YlljY[lk \a^^]j]flaYddq af[j]Yk]\ afl]j]kl ^jge _dgZYd afn]klgjk& Increase collaboration with global mining equipment manufacturers L`] eafaf_ ]imahe]fl k][lgj af Af\aY ak Yl Yf afl]je]\aYl] klY_] g^ \]n]dghe]fl& L`] af\mkljq `Yk l`] j]imakal] ]imahe]fl Zml dY_k Z]àf\ af l][`fgdg_q& Làk ak hjaeYjadq \m] lg l`] ^Y[l l`Yl l`]k] l][`fgdg_a]k Yj] ]ph]fkan]& Af\aYf [gehYfa]k [Yf YnYad g^ l`]k] l][`fgdg_a]k Zq [gddYZgjYlaf_ gj ^gjeaf_ BNk oal` _dgZYd d]Y\]jk af l`] l][`fgdg_q khY[]& Develop infrastructure network Eafaf_ af^jYkljm[lmj] \]n]dghe]fl j]imaj]k dgf_% l]je hdYffaf_$ oal` Y kh][aYd ^g[mk gf dg_akla[k Yf\ k]jna[]k& Af\aY f]]\k lg ]f`Yf[] Yf\ ghlaear] dg_akla[k [gf_mjYlagf Z]lo]]f eaf]k$ hdYflk$ jYadoYqk Yf\ hgjlk& @a_` lmjfYjgmf\ lae] af l`] f]logjc d]Y\k lg hggj gh]jYlagfYd ]^[a]f[q$ j]kmdlaf_ af \]emjjY_]k Yf\ \]l]flagfk& @a_` nakaZadalq g^ af^gjeYlagf Ydgf_ l`] kmhhdq [`Yaf Yf\ aehjgn]\ hdYffaf_ Yf\ [gddYZgjYlagf Z]lo]]f nYjagmk k]jna[] hjgna\]jk Yj] Z] ]ph][l]\ lg aehjgn] l`] ]^[a]f[q g^ dg_akla[k gh]jYlagfk& Build strategic alliances Eafaf_ Y[lanala]k Yj] Zgmf\ lg hjg_j]kk ^mjl`]j Yf\ \]]h]j Yf\ Z][ge] af[j]Ykaf_dq [gehd]p& Al ak Yf aeh]jYlan] lg k][mj] oYl]j$ ]f]j_q$ l][`fgdg_q afhml Yf\ Zmad\ ljYfkhgjlYlagf Yf\ gl`]j af^jYkljm[lmj] lg _]l eaf]jYdk lg eYjc]l& Lg ghlaear] jakc%j]oYj\ ]imYlagfk Yf\ Y[à]n] ][gfgea]k g^ k[Yd]$ eafaf_ [gehYfa]k k`gmd\ ^gj_] YddaYf[]k oal` af^jYkljm[lmj] hdYq]jk$ l][`fgdg_q Yf\ ]imahe]fl kmhhda]jk Yf\ fYf[a]jk af[dm\af_ af^jYkljm[lmj] fYf[af_! af affgnYlan] oYqk$ af[dm\af_ l`] HHH eg\]d& & Attract professionals to Indian mining services Lg Y[à]n] kmklYafYZd] _jgol` af l`] Af\aYf eafaf_ k][lgj$ l`] ?gA f]]\k lg hjgegl] eafaf_ k]jna[]k af l`] j]_agf& ?dgZYd eaf] gh]jYlgjk Yj] af[j]Ykaf_dq
Mining India
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k]]caf_ l`] YkkaklYf[] g^ [gfkmdlYflk lg eYfY_] l`]aj hjgb][lk& Af\aYf eafaf_ [gehYfa]k [Yf Ydkg Y\ghl km[` hjY[la[]k Yf\ gZlYaf af[j]Yk]\ Y[[]kk lg cfgod]\_] lg Z][ge] [geh]lalan] af l`] _dgZYd af\mkljq& Al ak ]kk]flaYd lg YlljY[l [gfkmdlaf_ _]gdg_aklk Yf\ ]phdgjYlagf hjg^]kkagfYdk Yk o]dd Yk afklYdd YkkYq dYZgjYlgja]k& Làk ak ]ph][l]\ lg fgl gfdq Y[[]d]jYl] eaf]jYd ]phdgjYlagf af l`] [gmfljq$ Zml Ydkg `]dh j]Y[` gml lg mf]phdgj]\ eaf]jYdk& Af\aY [Yf [gddYZgjYl] oal` [gehYfa]k af 9mkljYdaY Yf\ ;YfY\Y lg d]n]jY_] l`]aj [YhYZadala]k af eafaf_ k]jna[]k& Collaborate to strengthen operations Af\aYf eafaf_ [gehYfa]k f]]\ lg n]flmj] egj] aflg _dgZYd eYjc]lk lg _Yaf Y[[]kk lg kcadd \]n]dghe]fl$ ]^[a]fl eYfY_]e]fl$ aehjgn]\ ]phdgjYlagf l][`faim]k$ Y\nYf[]\ l][`fgdg_a]k Yf\ f]o eYjc]lk& L`]q ak Y f]]\ lg [gddYZgjYl] oal` _dgZYd eYbgjk lg ]phdgj] hgl]flaYd afn]kle]fl ghhgjlmfala]k$ [gf\m[l ]phdgjYlagf Y[lanalq$ gZlYaf eafaf_ [gf[]kkagfk Yf\ h]j^gje gl`]j j]dYl]\ Y[lanala]k Zgl` af Af\aY Yf\ YZjgY\& ;gehYfa]k f]]\ lg [gfka\]j Y [g%gh]jYlan] eg\]d$ oà[` [gmd\ Z] af l`] ^gje g^ Y BN$ Y[imakalagf$ kljYl]_a[ la]%mh gj Y l][`fgdg_a[Yd Ykkg[aYlagf lg klj]f_l`]f l`]aj hgkalagf af l`] _dgZYd eYjc]l&
Develop special mining regions and SPVs <]khal] ]pàZalaf_ ka_fa[Yfl hgl]flaYd$ eafaf_ [gehYfa]k af Af\aY [gflafm] lg ZYlld] [`Ydd]f_]k g^ dYf\ Y[imakalagf Yf\ ^gj]kl Yf\ ]fnajgfe]flYd [d]YjYf[]k& Af làk [gfl]pl$ eYbgj eafaf_ `mZk [Yf Z] a\]fla]\ ^gddgoaf_ Yf afl]_jYl]\ Ykk]kke]fl g^ kmklYafYZd] j]_agfYd [YhY[alq& 9 fg\Yd Y_]f[q$ af [ggj\afYlagf oal` l`] ?gA Yf\ klYl] _gn]jfe]flk$ [Yf [j]Yl] Y kh][aYd%hmjhgk] n]à[d] KHN! ^gj ]Y[` eYbgj hjgb][l `mZ& Làk KHN [Yf gZlYaf Ydd j]imakal] [d]YjYf[]k Yf\ dafc j]kgmj[]k Z]^gj] afnalaf_ _dgZYddq [geh]lalan] Za\k lg mf\]jlYc] hjgb][lk& J]kgmj[]k jYak]\ [Yf Z] hYjlaYddq mk]\ lg \]n]dgh kg[aYd Yf\ h`qka[Yd af^jYkljm[lmj]$ l`mk ]fYZdaf_ eafaf_ gh]jYlagfk& Judicious resource nationalism 9 h]j[]hlaZd] oYn] g^ j]kgmj[] fYlagfYdake Y[jgkk \]n]dgh]\ Yf\ ]e]j_af_ [gmflja]k ogjd\oa\] `Yk kmj^Y[]\& Af l`] ^Y[] g^ \][alk$ Y [gflafmaf_ Zgge af [geeg\alq hja[]k `Yk af\m[]\ eYfq _gn]jfe]flk lg lYj_]l l`] eafaf_ Yf\ e]lYdk k][lgj ^gj af[j]Ykaf_ j]n]fm]k& Làk `Yk lYc]f eYfq ^gjek& @go]n]j$ klYc]`gd\]jk af Af\aY k`gmd\ ljq Yf\ eYpaear] nYdm] ^jge fYlmjYd j]kgmj[]k Zq mkaf_ gfdq j]_ae]k l`Yl Yj] hj]\a[lYZd]$ hjgkh][lan] Yf\ kmklYafYZd] af l`] dgf_
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Mining India
l]je& Hgda[q ^jYe]ogjck$ kgd]dq lYadgj]\ lg d]Y\af_ [dYkk \]hgkalk$ eYq fgl `]dh \]n]dgh eYj_afYd \]hgkalk& Eaf]jYd%kh][a[ kljYl]_q Dgf_%l]je hgda[q Yf\ gl`]j klYc]`gd\]jk afalaYlan]k k`gmd\ Z] \]n]dgh]\ Yf\ f]%lmf]\ lg kh][a[ eaf]jYdk ZYk]\ gf Yf af%\]hl` mf\]jklYf\af_ g^ l`] j]dYlan] hgkalagfaf_ ^gj km[` eaf]jYdk& L`]j] Yj]$ ^gj ]pYehd]$ al]ek l`Yl Yj] kljYl]_a[ lg l`] \]n]dghe]fl g^ Y eg\]jf af\mkljq$ km[` Yk \]^]f[] gj j]f]oYZd] ]f]j_q ]&_&$ jYj] ]Yjl`$ Yf\ gl`]j kh][a[ l][`fgdg_q eaf]jYdk!$ oà[` oadd f]]\ \a^^]j]flaYl]\ Yll]flagf& >gj kge] gl`]j eaf]jYdk$ al eYq Z] aee]fk]dq Y\nYflY_]gmk lg hmjkm] Y hgda[q g^ nYdm] Y\\alagf oalàf l`] [gmfljq& Risk capital for exploration Al ak aeh]jYlan] lg Zggkl ]phdgjYlagf lg Y[à]n] l`] dgf_%l]je kmklYafYZd] _jgol` g^ l`] eafaf_ k][lgj$ oà[` oadd f]]\ ^mf\k& Km[[]kk^md AHGk af l`] Af\aYf eafaf_ k][lgj o]j]$ `go]n]j$ Zq hjg\m[af_ [gehYfa]k oal` hjgn]f j]k]jn]k Yf\ j]kgmj[]k& :]af_ Y à_`%jakc Zmkaf]kk$ ]phdgjYlagf `Yk fgl YlljY[l]\ em[` hjanYl]%k][lgj hYjla[ahYlagf af YZk]f[] g^ Y jakc [YhalYd eYjc]l& Kge] j][gee]f\]\ YhhjgY[`]k k`gmd\ af[dm\] l`] ^gddgoaf_2
DYmf[` g^ ]phdgjYlagf Zgf\k af daf] oal` af^jYkljm[lmj] Zgf\k lg Z] mk]\ ^gj eafaf_ ]phdgjYlagf J]dYpYlagf af l`] daklaf_ g^ ]phdgjYlagf [gehYfa]k gf klg[c ]p[`Yf_]k >Y[adalYlaf_ ]fnajgfe]fl ^gj ]pal Zq Yf ]phdgjYlagf [gehYfq ;YhalYd jYakaf_ af gn]jk]Yk ]p[`Yf_]k l`Yl `Yn] Y naZjYfl eYjc]l ^gj l`] ]phdgjYlagf Zmkaf]kk J][]fl hgda[q \]n]dghe]flk af\a[Yl] l`Yl l`] ?gA ak fgo egj] ^g[mk]\ gf l`] ^mlmj] _jgol` hjgkh][lk g^ l`] Af\aYf eafaf_ af\mkljq& L`] \jY^l EE<J Zadd ak Y kl]h af làk \aj][lagf& L`] \]eYf\ ^gj eaf]jYdk af Af\aY ak ]ph][l]\ lg _jgo af \aj][l [gjj]dYlagf oal` l`] [gmfljqk ?<H _jgol`& L`]j]^gj]$ gn]j[geaf_ l`] k][lgjk [`Ydd]f_]k Yl l`] ]Yjda]kl Z][ge]k Yf aeh]jYlan] af l`] [mjj]fl _dgZYdar]\ ogjd\& L`] ghhgjlmfala]k ^gj Y eaf]jYd%ja[` fYlagf lg d]n]jY_] jgZmkl _dgZYd \]eYf\ Yf\ hja[af_ hgo]j Yj] aee]fk] Af\aY emkl lYh làk ghhgjlmfalq lg alk Y\nYflY_]&
Mining India
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References
Ogjd\ =phdgjYlagf Lj]f\k ^gj l`] H<9; Afl]jfYlagfYd ;gfn]flagf *())$ E]lYdk =[gfgea[k ?jgmh o]Zkal]$ ooo&e]lYdk][gfgea[k&[ge'h\^'O=L*()) =f_dak`!&h\^$ Y[[]kk]\ )- 9m_mkl *()) Eafakljq g^ Eaf]k >Q))YffmYd j]hgjl Eafakljq g^ Eaf]k >Q)(YffmYd j]hgjl Eafaf_ Kmjn]q *()())$ >jYk]j Afklalml] o]Zkal]$ ooo&^jYk]jafklalml]&gj_'mhdgY\]\>ad]k'^jYk]j%[Y' ;gfl]fl'j]k]Yj[`%f]ok'j]k]Yj[`'hmZda[Ylagfk'eafaf_% kmjn]q%*()(%*())&h\^$ Y[[]kk]\ )( 9m_mkl *()) ?dgZYd =phdgjYlagf Lj]f\k2 Aehda[Ylagfk ^gj Afn]kle]fl af DYlaf 9e$ E]lYdk =[gfgea[ ?jgmh o]Zkal]$ ooo& e]lYdk][gfgea[k&[ge'h\^';=K;G*(=phdgjYlagf*( >gjme*(*((0&h\^$ Y[[]kk]\ )( 9m_mkl *()) Ogjd\ ]phdgjYlagf lj]f\k *())$ E]lYdk =[gfgea[ ?jgmh$ ooo&e]lYdk][gfgea[k&[ge'kal]k'\]^Ymdl'd]k'mhdgY\k' H<>k'o]l*())]f_dak`&h\^$ Y[[]kk]\ )) 9m_mkl *()) Ead]klgf]k Yf\ EYbgj 9[à]n]e]flk g^ ?]gdg_a[Yd Kmjn]q g^ Af\aY$ Hj]kk Af^gjeYlagf :mj]Ym o]Zkal]$ `llh2''haZ& fa[&af'f]okal]']j]d]Yk]&Ykhp7j]da\5/+*/,$ Y[[]kk]\ )) 9m_mkl *()) ?]gdg_a[Yd Kmjn]q g^ Af\aY ead]klgf]k Yf\ eYbgj Y[à]n]e]flk$ Kl]]d_mjm o]Zkal]$ ooo&kl]]d_mjm&[ge' k^L;H<>'_]lH<>'Eb=)ErM+'?]gdg_a[YdWKmjn]qWg^WAf\aYW ead]klgf]kWYf\WeYbgjWY[à]n]e]flk&`led$ Y[[]kk]\ )) 9m_mkl *()) Gn]jna]o g^ Eafaf_ Yf\ Eaf]jYd Af\mkljq af Af\aY$ Afl]jfYlagfYd Afklalml] ^gj =fnajgfe]fl Yf\ <]n]dghe]fl o]Zkal]$ `llh2''hmZk&aa]\&gj_'h\^k'?((.)-&h\^$ Y[[]kk]\ ), 9m_mkl *()) Eafaf_ Yf\ \]n]dghe]fl$ Ogjd\ :Yfc o]Zkal]$ `llh2'' kal]j]kgmj[]k&ogjd\ZYfc&gj_'AFLG?E;'J]kgmj[]k' lj]Ykmj]gjljgmZd]&h\^$ Y[[]kk]\ )- 9m_mkl *()) ?gg\ ?gn]jfYf[] Yf\ LjYfkhYj]f[q af l`] eafaf_ k][lgj$ ?][g Hjgb][lk o]Zkal]$ ooo&_][ghjgb][l&gj_'h\^' =p][mlan]WkmeeYjq(,(0&h\^$ Y[[]kk]\ ). 9m_mkl *()) ;gfljaZmlagf g^ Af^gjeYd K][lgj Yf\ Af^gjeYd =ehdgqe]fl af Af\aYf =[gfgeq$ Eafakljq g^ KlYlakla[k Yf\ Hjg_jYee] Aehd]e]flYlagf EGKHA! o]Zkal]$ ooo&egkha&_gn&af' Ydgc]WZYkcYjYfW/l`&`le$ Y[[]kk]\ )/ 9m_mkl *()) 9 ?ma\] lg Afn]kle]fl af Af\aYk Eaf]jYd Af\mkljq$ >]\]jYlagf g^ Af\aYf Eaf]jYd Af\mklja]k$ `llh2''ooo&^]\eaf&[ge'`led'_ma\]lgafn]kl&h\^$ Y[[]kk]\ )- 9m_mkl *()) Eaf]jYd ;geeg\ala]k KmeeYja]k *())$ M&K& ?]gdg_a[Yd Kmjn]q o]Zkal]$ `llh2''eaf]jYdk&mk_k&_gn'eaf]jYdk'hmZk' e[k'*())'e[k*())&h\^$ Y[[]kk]\ )* K]hl]eZ]j *()) HdYffaf_ ;geeakkagf oYflk Af\aY lg k]l mh )(%Zaddagf o]Ydl` ^mf\$ L`] >afYf[aYd =phj]kk$ 1 K]hl]eZ]j *())$ naY >Y[lanY$ *()) Af\aYf =phj]kk Gfdaf] E]\aY Hnl& Dl\& Dg[Yd jakc [YhalYd eYjc]l f]]\]\ lg lYh eaf]jYd hgl]flaYd2 =Q$ :mkaf]kk Daf] L`] @af\m!$ / K]hl]eZ]j *())$ naY >Y[lanY$ *()) L`] @af\m :mkaf]kk Daf] Eaf]k eafakljq hjghgk]k gn]jk]Yk daklaf_ g^ ]phdgjYlagf jek$ L`] =[gfgea[ Lae]k$ +) EYq *())$ naY >Y[lanY$ *()) L`] =[gfgea[ Lae]k FE<; ]q]k Zmqgml g^ log Ykk]lk YZjgY\$ L`] Lae]k g^ Af\aY$ - 9m_mkl *())$ naY >Y[lanY$ *()) L`] Lae]k g^ Af\aY ?jgmh& ;gYd Af\aY Dggck lg :ggkl Mf\]j_jgmf\ Eafaf_ Gh]jYlagfk$ L`] OYdd Klj]]l BgmjfYd Gfdaf]$ )1 9m_mkl *())$ naY >Y[lanY$ *()) <go Bgf]k ;gehYfq$ Af[& Af[j]Ykaf_ gmj [YhY[ala]k l`jgm_` _j]]f]d\ Yf\ Zjgof]d\ hjgb][lk$ N]\YflY o]Zkal]$ ooo&n]\YflYj]kgmj[]k&[ge'kljYl]_q*&Ykhp$ Y[[]kk]\ 0 K]hl]eZ]j *())& ;gflafmaf_ ^g[mk gf Ykk]l ghlaearYlagf Yf\ j]\m[af_ l`] [gkl g^ hjg\m[lagf$ N]\YflY o]Zkal]$ ooo&n]\YflYj]kgmj[]k&[ge'kljYl]_q)& Ykhp$ Y[[]kk]\ 0 K]hl]eZ]j *())& F]o eaf]k Zadd lg eYc] af\mkljq mf[geh]lalan]2 >A;;A$ \geYafZ$ )+ 9m_mkl *())$ naY >Y[lanY$ *()) L`] Af^gjeYlagf ;gehYfq Hnl& Dl\& ;`Ydd]f_]k Yf\ kljYl]_a]k ^gj Af\aYf eaf]jYd af\mkljq$ =phgjl%Aehgjl :Yfc g^ Af\aY ;gf[]kkagfYd HYh]j Fg&)**$ EYj[` *((0$ h&)(* KlYl] Yf\ ;]fljYd _gn]jfe]fl \]hYjle]fl \]dYqk af akkmaf_ da[]fk]k Yf\ [d]YjYf[]k Y^^][laf_ l`] eafaf_ af\mkljq$ @]jYd\$ , 9m_mkl *())$ naY >Y[lanY$ *()) @]jYd\ HmZda[Ylagfk Hnl& Dl\&
40
Mining India
FE<; ]q]k Zmqgml g^ log Ykk]lk YZjgY\$ L`] Lae]k g^ Af\aY$ - 9m_mkl *())$ naY >Y[lanY$ *()) L`] Lae]k g^ Af\aY ?jgmh ;gYd Af\aY Dggck lg :ggkl Mf\]j_jgmf\ Eafaf_ Gh]jYlagfk$ L`] OYdd Klj]]l BgmjfYd Gfdaf]$ )1 9m_mkl *())$ naY >Y[lanY$ *()) <go Bgf]k ;gehYfq$ Af[& ?mbYjYl ]eh`Ykar]k f]]\ lg k]l mh Afl]_jYl]\ Eafaf_ ;ala]k af Af\aY KlYl] ]fnakY_]k Z][geaf_ ;]e]fl ;YhalYd g^ Af\aY$ GjakkY <aYjq$ )0 <][]eZ]j *()($naY >Y[lanY$ GjakkY<aYjq&[ge& <jY^l :add [d]Yjk \][ck ^gj mdljY e]_Y eaf] hjgb][lk$ L`] >afYf[aYd =phj]kk$ )* Bmdq *())$ naY >Y[lanY$ *()) Af\aYf =phj]kk Hlq& Dl\& Af\aY lg Yffgmf[] f]o _ma\]daf]k ^gj ^gj]a_f afn]kle]fl$ Eafaf_ O]]cdq$ *- Bmdq *())$ naY >Y[lanY NgdYlad] DE=$ [gYd mfYnYadYZadalq hgk] [`Ydd]f_]2 @af\Yd[g$ Egf]q;gfljgd[ge$ )* 9m_mkl *())$ naY >Y[lanY$ *()) Egf]q;gfljgd&[ge& Af\aYf eafaf_ af\mkljq lg ^Y[] kcadd]\ eYfhgo]j k`gjlY_]$ Af\g%9kaYf F]ok K]jna[]$ )+ EYj[` *())$ naY >Y[lanY$ Af\g%9kaYf F]ok K]jna[] FE<; ]q]k Zmqgml g^ log Ykk]lk YZjgY\$ L`] Lae]k g^ Af\aY$ - 9m_mkl *())$ naY >Y[lanY$ *()) L`] Lae]k g^ Af\aY ?jgmh ;gYd Af\aY Dggck lg :ggkl Mf\]j_jgmf\ Eafaf_ Gh]jYlagfk$ L`] OYdd Klj]]l BgmjfYd Gfdaf]$ )1 9m_mkl *())$ naY >Y[lanY$ *()) <go Bgf]k ;gehYfq$ Af[& ?mbYjYl ]eh`Ykar]k f]]\ lg k]l mh Afl]_jYl]\ Eafaf_ ;ala]k af Af\aY KlYl] ]fnakY_]k Z][geaf_ ;]e]fl ;YhalYd g^ Af\aY$ GjakkY <aYjq$ )0 <][]eZ]j *()($naY >Y[lanY$ GjakkY<aYjq&[ge& L`] Eaf]jYdk Yf\ E]lYdk Hgda[q g^ l`] ?gn]jfe]fl g^ ;YfY\Y$ ?gn]jfe]fl g^ ;YfY\Y o]Zkal]$ ooo&fj[Yf&_[&[Y'eek%kee'hgda%hgda'`le'eeh%hee'[da% [da%]f_&`le$ Y[[]kk]\ )( K]hl]eZ]j *()) Af[j]Ykaf_ gmj [YhY[ala]k l`jgm_` _j]]f]d\ Yf\ Zjgof]d\ hjgb][lk$ N]\YflY o]Zkal]$ ooo&n]\YflYj]kgmj[]k&[ge'kljYl]_q*&Ykhp$ Y[[]kk]\ 0 K]hl]eZ]j *())
;gflafmaf_ ^g[mk gf Ykk]l ghlaearYlagf Yf\ j]\m[af_ l`] [gkl g^ hjg\m[lagf$ N]\YflY o]Zkal]$ ooo&n]\YflYj]kgmj[]k&[ge'kljYl]_q)&Ykhp$ Y[[]kk]\ 0 K]hl]eZ]j *()) <jY^l :add [d]Yjk \][ck ^gj mdljY e]_Y eaf] hjgb][lk$ L`] >afYf[aYd =phj]kk$ )* Bmdq *())$ naY >Y[lanY$ *()) Af\aYf =phj]kk Hlq& Dl\& Af\aY lg Yffgmf[] f]o _ma\]daf]k ^gj ^gj]a_f afn]kle]fl$ Eafaf_ O]]cdq$ *- Bmdq *())$ naY >Y[lanY NgdYlad] DE=$ [gYd mfYnYadYZadalq hgk] [`Ydd]f_]2 @af\Yd[g$ Egf]q;gfljgd&[ge$ )* 9m_mkl *())$ naY >Y[lanY$ *()) Egf]q;gfljgd&[ge& Af\aYf eafaf_ af\mkljq lg ^Y[] kcadd]\ eYfhgo]j k`gjlY_]$ Af\g%9kaYf F]ok K]jna[]$ )+ EYj[` *())$ naY >Y[lanY$ Af\g%9kaYf F]ok K]jna[] Eafaf_ =q] I* *())$ =jfkl Yf\ Qgmf_ Hjgl][laf_ l`] ]fnajgfe]fl$ =kk]d Eafaf_ Af\mklja]k Daeal]\ o]Zkal]$ ooo&]kk]deafaf_&[ge'kmklYafYZadalq' kmklYafYZd]Weafaf_&`led$ Y[[]kk]\ 1 K]hl]eZ]j *()) =fnajgfe]fl EYfY_]e]fl$ FYd[g o]Zkal]$ ooo& fYd[gaf\aY&[ge'Yl_\]^Ymdl&`le$ Y[[]kk]\ 1 K]hl]eZ]j *()) Af\aYf eaf]jYd k][lgj Yf\ alk ]phgjl hgl]flaYd$$ =PAE :Yfc g^ Af\aY o]Zkal]$ ooo&]paeZYfcaf\aY&[ge'gh' gh)**&h\^$ Y[[]kk]\ )) K]hl]eZ]j *()) FYlagfYd Eaf]jYd Hgda[q$ Eafakljq g^ Eaf]k o]Zkal]$ `llh2''eaf]k&fa[&af'ojal]j]Y\\YlY'>ad]dafck',.^^-0^(Wj]hW feh&h\^$ Y[[]kk]\ )) K]hl]eZ]j *()) Af\aY [gfka\]jaf_ go%l`jgm_` k`Yj]k lg ogg eafaf_ ]phdgjYlagfaklk$ Eaf]o]Z$ )) 9m_mkl *())$ naY >Y[lanY GE<; hdYfk klg[c khdal$ Zgfmk akkm]$ <Yadq F]ok Yf\ 9fYdqkak$ )/ K]hl]eZ]j *())$ naY >Y[lanY *()) <ada_]fl E]\aY ;gjhgjYlagf Dl\& Mf_]Yj]\ ^gj _jgol`$ =jfkl Qgmf_$ *())
Mining India
41
Gmj g^[]k
Ahmedabad *f\ >dggj$ KànYdac Ak`YYf F]Yj ;F Na\`qYdYqY 9eZYoY\a 9è]\YZY\ +0( ()L]d2 # 1) /1 ..(0 +0(( >Yp2 # 1) /1 ..(0 +1(( Bengaluru M: ;alq$ ;YfZ]jjY :dg[c )*l` )+l` ggj Fg&*,$ NallYd EYddqY JgY\ :]f_Ydmjm -.( (() L]d2 # 1) 0( ,(*/ -((( # 1) 0( ./*/ -((( >Yp2 # 1) 0( **)( .((( )*l` >dggj! # 1) 0( ***, (.1- )+l` >dggj! Chennai LHD @gmk]$ *f\ ggj Fg +$ ;]fglYh` JgY\ L]qfYeh]l ;`]ffYa .(( ()0 L]d2 # 1) ,, ,*)1 ,,(( # 1) ,, ..+* 0,(( >Yp2 # 1) ,, *,+) ),-( Hyderabad *(-$ *f\ ggj 9k`gcY :`gghYd ;`YeZ]jk KYj\Yj HYl]d JgY\ K][mf\]jYZY\ -(( ((+ L]d2 # 1) ,( ..*/ ,((( >Yp2 # 1) ,( */01 00-) GnYd G^[] )0$ aDYZk ;]flj] @al][` ;alq$ EY\`Yhmj @q\]jYZY\ -(( (0) L]d2 # 1) ,( ./+. *((( >Yp2 # 1) ,( ./+. **(( Kochi 1l` >dggj$ 9ZY\ Fm[d]mk F@%,1$ EYjY\m HG Cg[à$ C]jYdY .0*+(, L]d2 # 1) ,0, +(,,((( >Yp2 # 1) ,0, */(-+1+ Kolkata **$ ;YeY[ Klj]]l :dg[c ;$ +j\ ggj CgdcYlY /(( (). L]d2 # 1) ++ ..)- +,(( >Yp2 # 1) ++ **0) //-( Mumbai .l` ggj$ =phj]kk Lgo]jk FYjaeYf Hgafl EmeZYa ,(( (*) L]d2 # 1) ** ..-/ 1*(( .l` ggj! >Yp2 # 1) ** **0/ .,() L`] JmZq *1 K]fYhYla :YhYl EYj_$ <Y\Yj O!$ EmeZYa ,(((*0 L]d2 # 1) (** .)1*(((( >Yp2 # 1) (** .)1*)((( :dg[c :%*$ -l` >dggj Fajdgf Cfgod]\_] HYjc G^^& O]kl]jf =phj]kk @a_òYq ?gj]_Ygf =! EmeZYa ,(( (.+$ Af\aY L]d2 # 1) ** ./,1 0((( >Yp2 # 1) ** ./,1 0*(( NCR ?gd^ Na]o ;gjhgjYl] Lgo]j : F]Yj <D> ?gd^ ;gmjk]$ K][lgj ,* ?mj_Ygf )** ((* L]d2 # 1) )*, ,., ,((( >Yp2 # 1) )*, ,., ,(-( .l` ggj$ @L @gmk] )0%*( CYklmjZY ?Yf\à EYj_ F]o <]dà ))( (() L]d2 # 1) )) ,+.+ +((( >Yp2 # 1) )) ,+.+ +*(( ,l` -l` >dggj$ Hdgl Fg *:$ Lgo]j *$ K][lgj )*.$ FGA<9 % *() +(, ?YmlYe :m\` FY_Yj$ M&H& Af\aY L]d2 # 1) )*( ./) /((( >Yp2 # 1) )*( ./) /)/) Pune ;%,()$ ,l` ggj HYf[`kàd L][` HYjc Q]joY\Y F]Yj <gf :gk[g K[`ggd! Hmf] ,)) ((. L]d2 # 1) *( ..(+ .((( >Yp2 # 1) *( ..() -1((
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About Ernst & Young =jfkl Qgmf_ ak Y _dgZYd d]Y\]j af YkkmjYf[]$ lYp$ ljYfkY[lagf Yf\ Y\nakgjq k]jna[]k& Ogjd\oa\]$ gmj ),)$((( h]ghd] Yj] mfal]\ Zq gmj k`Yj]\ nYdm]k Yf\ Yf mfoYn]jaf_ [geeale]fl lg imYdalq& O] eYc] Y \a^^]j]f[] Zq `]dhaf_ gmj h]ghd]$ gmj [da]flk Yf\ gmj oa\]j [geemfala]k Y[à]n] l`]aj hgl]flaYd& =jfkl Qgmf_ j]^]jk lg l`] _dgZYd gj_YfarYlagf g^ e]eZ]j âjek g^ =jfkl Qgmf_ ?dgZYd Daeal]\$ ]Y[` g^ oà[` ak Y k]hYjYl] d]_Yd ]flalq& =jfkl Qgmf_ ?dgZYd Daeal]\$ Y MC [gehYfq daeal]\ Zq _mYjYfl]]$ \g]k fgl hjgna\] k]jna[]k lg [da]flk& >gj egj] af^gjeYlagf YZgml gmj gj_YfarYlagf$ hd]Yk] nakal ooo&]q&[ge
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Mining India Sustainably For Growth

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Mining India Sustainably For Growth

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Mining India

sustainably for growth

<&K& JYoYl! K][j]lYjq ?]f]jYd 9KKG;@9E

Indian mining sector overview

5.91% 6.53% 8.65%

Source: Ministry of mines annual report 2010 11

Exploration and development in India

*&) =phdgjYlagf ]ph]f\almj]

Source: Metals Economic Group website

Andhra Pradesh Rajasthan

Financing options and strategies

INR billion (at 2004-05 prices)

-20% 2007-08 Growth % 2008-09 2009-10

174 75.1 34.4 2008-09 2009-10 2010-11 (Apr-Nov)

Mining (including mining services)

Source: Economic survey 201011

=p`aZal )+& Af[j]e]flYd af\mkljaYd [j]\al go >Q)(! 4.6%

13.3% 3.1% 2.2% 22.8%

Source: Reserve Bank of India annual report FY11

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+&+ ;YhalYd jYakaf_ ^gj ]phdgjYlagf [gehYfa]k

Source: Thomson Financial, Ernst & Young

=f`Yf[af_ gh]jYlagfYd ]^[a]f[q and managing costs

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Conduct and govern with ethics, transparency and accountability

Promote the wellbeing of all employees

Respect and promote human rights

Respect, protect, and make efforts to restore the environment

O`]f ]f_Y_]\ af afm]f[af_ hmZda[ Yf\ j]_mdYlgjq policy, do so in a responsible manner

Support inclusive growth and equitable development

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Assurance, Tax, Transactions, Advisory

Center of excellence for key sectors

Publications easy to use subscription form

Webcasts and podcasts

The choice is yours!

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