Import of Minerals
Import of Minerals
Year-wise quantity and value of import of top ten major minerals (which account for over 97% of import value of major minerals) from FY 2018-19 to FY 2023-24 are given at Annexure. State-wise trade data is not maintained. Export/ Import data is available product/ country/ period wise.
Exploration activities for various mineral commodities, which includes pitting, trenching and drilling, are carried out after giving due care to environmental concerns. In the forest areas especially, exploration activities are carried out as per the provisions laid down in the Forest Conservation Act, 1980 and subsequent amendments after taking due permission from the forest authorities.
In order to boost the domestic supply of critical minerals, the Central Government has amended the Mines and Minerals (Development and Regulation) (MMDR) Act, 1957 through the MMDR Amendment Act, 2023 with effect from 17.08.2023. Through the said amendment, the Central Government has been empowered to exclusively auction mining lease and composite license for 24 critical and strategic minerals listed in the new Part-D of the First Schedule to the said Act.
Even though auction for critical and strategic minerals is done by the Central Government, the mining leases are granted by the State Governments only and the revenue from mining operations also accrue to the State Governments. Thus, there is clear demarcation of responsibilities and powers of the Central Government and State Government with respect to resource management of critical and strategic minerals.
The objective of the said amendment is to increase exploration and mining of critical minerals and to ensure self-sufficiency in supply of critical minerals which are essential for the advancement of many sectors, including high-tech electronics, telecommunications, transport and defense. They are also vital for the transition to a low-emission economy, and the renewable technologies required to meet the ‘Net Zero’ commitment of India by 2070.
The auction of critical and strategic minerals brings several key benefits, including bolstering domestic production, reducing import dependency, promoting sustainable resource management, attracting investments in the mining sector and the development of key industries crucial for India’s industrial and technological advancement. This is a step for creating a reliable supply chain of these minerals towards making of an ‘Aatmanirbhar Bharat’, and contributing to increased economic growth.
ANNEXURE
Table: Import of Major Minerals
(Quantity in lakh ton)
(Value in Rs. Crore)
Mineral
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
Qty
Value
Qty
Value
Qty
Value
Qty
Value
Qty
Value
Qty
Value
Copper Ores & Conc.
8.23
12,146
8.22
8,668
4.15
5,907
10.19
22,381
11.78
27,374
10.16
25,951
Phosphorite
75.04
5,625
76.38
5,402
77.25
5,316
96.25
10,433
90.89
15,125
88.02
12,649
Manganese Ore
27.56
4,848
28.42
4,128
39.52
5,524
65
9,642
46.41
8,262
55.98
7,760
Limestone
243.97
3,667
256.39
3,743
227.97
3,291
275.82
4,901
297.36
6,259
338.09
6,616
Iron Ore
168.31
5,914
75.15
941
72.42
845
66.81
3,539
17.91
1,595
49.59
4,397
Bauxite
20.75
1,222
22.46
1,081
30.33
1,370
30.08
1,895
35.95
2,340
45.02
2,822
Asbestos
3.64
1,225
3.61
1,243
3.08
1,185
4.37
1,663
4.04
2,294
4.65
2,326
Sulphur
13.46
1,522
12.35
824
14.63
1,095
18.95
3,536
13.37
2,677
17.08
1,737
Magnesite
3.48
1,073
3.01
928
3.06
750
3.74
1,279
4.75
1,529
4.72
1,480
Fluorspar
2.58
713
2.32
707
2.13
593
2.81
767
3.04
1,134
2.52
1,030
Others
3.32
649
2.70
492
3.03
549
3.98
1,079
2.75
1,536
3.59
1,865
Total
570.34
38,604
491.01
28,157
477.57
26,425
578.00
61,115
528.25
70,125
619.42
68,633
This information was given by Union Minister of Coal and Mines Shri G. Kishan Reddy in a written reply in Lok Sabha today.