Technology upgradation needed for mineral exploration

 

dilip jha

Mining is an important part of every economy. In a world that is already facing shortages of some of the important minerals and metals like petroleum and coal, the demand for such products is only bound to increase with time. Meeting those demands will be a challenge for the mining and minerals industry worldwide. With the increasing efforts in R&D and technological innovations, the mining and minerals industry has developed huge human resource requirements. There is already a shortage of skilled workforce throughout the world. Developments are taking place rapidly and many companies in this sector are expanding their operations and are working on new projects like the refinery being constructed by Reliance Industries Limited in Jamnagar. Also Bharat Petroleum is conducting R&D for value added products and alternate fuels. So to conclude, it can be said that mining and minerals sector has a bright future, be it in terms of employment or technology. The Mining industry in India is one of the core industries of the economy. It provides basic raw materials to many important industries. The Mining industry is characterized by a large number of small operational mines. India is endowed with huge resources of many metallic and non-metallic minerals. With barely 20% of reserves mined, India presents a major opportunity for investors. India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts. India produces as many as 95 minerals, which includes 4 fuel, 10 metallic, 23 non-metallic, 3 atomic and 55 minor minerals (including building and other materials). In 2015-16, there were more than 2,101 reported mines excluding atomic and minor minerals, natural gas and petroleum (crude) Out of 2,101 reported mines, 274 were located in Madhya Pradesh followed by Tamil Nadu (252), Gujarat (225), Jharkhand (211), Chhattisgarh (162), Odisha (157), Karnataka (146), Andhra Pradesh (135), Maharashtra (134), West Bengal (100). These 10 states together accounted for 85% of the total number of mines in the country in 2015-16. Among them, 558 mines belonged to coal and lignite, 668 to metallic minerals and 975 to non-metallic minerals.

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Indian Mining Sector Highest Taxed in the World

sunil

Sunil Duggal is President, FIMI and Vedanta’s Global CEO for Metals and Mining for Group companies including Sterlite Copper, Vedanta Zinc International – Africa and Ireland, Copper Mines of Tasmania – Australia. He is also the CEO and Whole-time Director of Hindustan Zinc Limited since October 2015. He joined the company in the year 2010 as Executive Director, became Chief Operating Officer in the year 2012 and was Dy. CEO from 2014. In his previous stint, he worked with Ambuja Cement for 20 years, wherein, he drove the growth of the company to plus 20 million tons. He was President at the time of leaving. A result oriented professional with over 36 years of experience of leading high-performance teams and 20 plus years in leadership positions. He is known for converting challenges into opportunities, his ability to keep a level head at all times, nurture and grow a business and successfully drive efficiency and productivity whilst reducing costs by embracing new technologies and innovation. His dedicated efforts on sustainability has helped building a robust safety and sustainability culture. Under his able leadership, HZL has been ranked first in Environment Category and 5th in Sustainability globally by Dow Jones Sustainability Index. His thrust on adopting best-in-class mining and smelting techniques, state of art environment friendly technologies and mechanisation, automation and digitalization of operational activities has added great value. He was born and brought up in Amritsar and comes from a humble background. His initial education is from DAV school, Amritsar and has an Electrical Engineering degree from Thapar Institute of Engineering & Technology, Patiala. He is an Alumni of IMD, Lausanne – Switzerland and IIM, Kolkata. He is serving as Vice Chairman – International Zinc Association, President – Federation of Indian Mineral Industries, President – Indian Lead Zinc Development Association. Recently, he has been appointed as the Chair – CII National Committee on Mining. In an interview to Sanjay Singh, Assistant Editor of Steelworld, Duggal says that the mining industry in India is still the highest taxed in the world. Now, the effective tax rate in India works out to be 58% for existing mines and 54% for new mines granted through auction.

for the exclusive interview with Sunil Duggal click here

Editorial – September 2019

chandekarDear Readers,

The Indian economy was doing quite well for the last decade or so and that is the reason many international companies as well as the investing community was eyeing on this newly awakened elephant. This was especially true after the global economic meltdown in 2008 when most of the developed world economies crumbled and India was one of the few growing economies on the planet. This upward journey continued till the end of 2016 but after that the GDP growth rate started slipping. There may be long term benefits of a move like demonitization but on a short term basis, the cash in the market was eroded. Many cash based (legitimate) businesses had received severe jolt and few did not survive this sudden blow.

Big steel corporates were not affected by demonitisation but small mills doing business in cash and evading the tax suffered a lot. I do agree that it is a good transition and has helped the country to strengthen the mainstream economy. Even with respect to GST, the initial teething problems seem to have reduced and the implementation part has started becoming more smooth.

Indian_Auto_Sector

With all the above reasoning, one cannot deny the fact that the country is presently witnessing an economic slowdown. Let the economists debate whether or not it can be technically termed as ‘recession’ but the declining GDP figures for more than two quarters, rising unemployment and especially for steel sector, the disastrous performance by auto sector, all this do not paint, by any standard, a positive picture of the economy. Yes, first of all, let us accept that Indian economy is slowing down, after that will come the solution part.

As far as steel industry is concerned, auto consumes not more that 12 % of steel produced in the country. Thus declining auto sales do not pose a great threat to steel consumption. The bigger problem for steel is slowing down of infra sector, which consumes more that 55 % of steel production and is more or less controlled by central and the state governments. Unless the governments increase their spending for this sector, give a forward push to infra projects, how can steel demand grow?

I do agree that conventionally, auto sector performance was considered as the barometer of the economy of any developing country. Is this assumption still valid? I doubt ! The lifestyle and mindset changes in the last few years have completely changed our approach towards the life. The 21st century, rather than believing in physical infrastructure, believes more in digital one. Steel was the basis of the human progress in 20th century but in this century, human aspirations seem to have taken a new direction. With the progress in solar energy sector, the importance of fossil fuels is certainly going to diminish. With the advent of electric cars, the auto component industry is going to drastically shrink (if not vanish). Can anybody predict what will be the state of steel industry after 10 years?

Performance delivered – The Yıldız Demir Çelik Cold Mill Complex in Turkey

TECH

Yıldız Entegre Holding has more than 100 years’ experience in industry and commerce, and in 2015 it decided to enter the steel business through its subsidiary company, Yıldız Demir Çelik. Danieli was selected as technology partner and supplier of its first steel processing plant : a new, complete cold-mill complex setup representing latest
technologies to produce 1.5M tons per year of high quality cold-rolled, tempered
and coated coils.

The p15:14 30-09-2019roduct range includes white goods applications, commercial, structural and construction grades, IF, HSS, HSLA and DP material, for demanding customers in local and international markets. In 2018 the new installation at Kocaeli started operating in sequence, and already it is producing in excess of the contractual production rate. Danieli acted as the single-source supplier for mechanical, electrical and automation equipment, and the innovative technological solutions and process knowhow applied at Yıldız have been developed by Danieli through continuous in-field experience and R&D improvements.

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Drivers for Sustainability of Indian Steel Industry

feature

Steel has historically been the building block of a nation’s rapid industrial development. India is a resource based country and is blessed with large reserves of Iron Ore, Coal, Limestone, i.e the main raw materials required for Iron & Steel making but its sustainability has always been a major challenge. Indian steel industry has seen several up and downs in the past but despite all odds, it has made rapid strides in the last three decades from 22 MT in FY 1991-92 prior to deregulation, to 106 MT in FY 2018-19, thus becoming the second largest steelmaker in the world, after China.
The Indian steel industry operates under three broad based process routes for production viz. BF-BOF, EAF and IF. Recognizing the opportunities available in the country, mainly due to very low per capita consumption of steel and increased focus on infrastructure development, Ministry of Steel, Govt of India prepared a road map in the form of the National Steel Policy -2017 (NSP-17) to create a sustainable Iron & Steel Industry with focus on increasing the production capacity from ~ 130 MT presently to 300 MT by 2030 and to make country self-sufficient in terms of steel and alloyed steel. Thus, the next 10 years will see huge capital investments in the Iron & Steel sector in setting up of Greenfield plants as well as Brown field expansions.
Although, India’s steel production has increased significantly but our dependency on technology and supply of some of the critical raw materials has not improved much, which is leading to huge outflow of foreign exchange. It is high time, the stakeholders of steel sector i.e the design and consultancy organizations, steel producers, R&D organizations, academia and the government work together in developing a sustainable R&D platform capable of indigenous design and manufacture of equipments/ facilities as well as provide innovative solutions to the challenges faced by the steel sector in terms of enhancing process and product capability, cost-effectiveness, competitiveness, quality and environmental issues.
Drivers for Sustainability of Steel Industry
The key drivers for sustainability of the Indian steel sector can be classified under following heads:
• Competitiveness
• Cost-effectiveness
• Quality
• Product development
• Environment and energy
Competitiveness
The competitiveness of the steel industry will largely depend on its ability to produce cost-effective steels of desired quality and volume, as per the changing market requirements. India is blessed with huge iron ore reserves of 33.3 billion tons with average iron content of 64%. Due to high Iron content, due importance could not be accorded towards adoption of the advanced beneficiation technologies like adopted in other parts of the world. Now, the grades are deteriorating and some of the deposits are facing major challenges because of high alumina content, which leads to formation of viscous slag and low productivity of the blast furnace. Similarly, Silica also is increasing continuously and impacting the competitiveness. Thus, optimum utilization of low grade iron ore in one of the most cost effective manner without compromising on environmental performance will be the major challenge for providing sustainability in the sector.

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Indian Structural Steel Fabrication Seminar 2019

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Indian Steel construction industry is growing at a rapid phase in sectors like railways infrastructure for augmentation of high speed, semi-high speed and dedicated freight corridors network for commercial and industrial transportation.
These points were deliberated at the Indian Structural Steel Fabrication Summit 2019. The speakers spoke on the central government investments on new projects year on year, and said there is a big scope seen in terms of steel fabricated structures from plates welded and box girders for making an open truss steel bridges for faster installation and laying rail networks where ever possible. for complete report click here

Sponge Iron industry passing through difficult times

vijay

Vijay Jhanwar is the President of Chhattisgarh Sponge Iron Manufacturers Association. A first-generation entrepreneur who has successfully turned around a few NPA small sized steel plants including the only sponge iron plant of Bastar.

In an interview with Sanjay Singh, Assistant Editor of Steelworld, Jhanwar spoke in details about the issues facing the sponge iron industry in India. He also underlined the need for participation of smaller industries in the auction process of mines be allowed so to have a fair distribution of resource and even a fair competition.

Sponge Iron industry passing through difficult times What is the present status of the sponge iron industry? Sponge iron industry is going through quite a difficult market conditions because there has been a crash in steel prices in last 3 months. The demand for finished steel is less from all the sectors. Sponge iron market is totally dependent on finished steel demand and its domestic price. Unfortunately, this time the raw material prices especially

For this exclusive interview click here