Mineral Policy Issues in theContext of Export and Domestic Use of Iron Ore in India

A.S.Firoz
Additional contact information
A.S.Firoz: Indian Council for Research on International Economic Rela

Indian Council for Research on International Economic Relations, New Delhi Working Papers from Indian Council for Research on International Economic Relations, New Delhi, India

Abstract: This study examines the utilization of iron ore in India. It takes into account thesignificant reserves of iron ore in India and allays fears that the country's steel industrywill run out of iron ore resources if exports continue at the current level. On the contrary,it says that exports are necessary to maintain a structural balance in the market betweenproduction and consumption of lumps and fines as nearly 80 of exported ores are fineswhich are not adequately used in India. This study also highlights the specific problemsof the Goa/Radi region. It examines the bilateral agreements with countries like Japanand Korea as well.The study says that the size of mineral resources is a dynamic concept and depends onexploratory efforts, which have not been enough in India due to lack of investments. Itrecommends on the basis of international experience that increased investment in themineral sector, especially in exploration, will lead to new reserves and resources.

Keywords: Export of Iron Ore; Mineral Policy; Domestic Consumption; Steel Industry (search for similar items in EconPapers)
JEL-codes: Q31 Q34 Q38 (search for similar items in EconPapers)
Pages: 144 Pages
Date: 2008-03
New Economics Papers: this item is included in nep-cwa
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.icrier.org/publication/WORKING%20PAPER%20207.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ind:icrier:207

Access Statistics for this paper

More papers in Indian Council for Research on International Economic Relations, New Delhi Working Papers from Indian Council for Research on International Economic Relations, New Delhi, India Contact information at EDIRC.
Bibliographic data for series maintained by G.K. Manjunath/A. Reddy ().