India's mining industry will continue to be characterised by regulatory and bureaucratic hurdles, while corruption will stifle growth in an already poor operating sector. We forecast the country's mining industry to reach a value of US$55.4bn in 2018, growing at an average rate of 7.5% per annum.

BMI Industry View 7

SWOT 10

Industry Forecast 11

Bauxite: Dragged By Environmental Woes 11

      Table: India - Bauxite Production Forecast 14

Coal: Imports Rising With Production Struggles 14

      Table: India - Coal Production Forecast 20

Iron Ore: Hit By Mining Ban 20

      Table: India - Select Iron Ore Projects 23

      Table: India - Iron Ore Production Forecast 25

Zinc: HZL In Driving Seat 26

      Table: India - Largest Zinc Mining Projects 27

      Table: India - Zinc Mine Production Forecast 27

Industry Risk Reward Ratings 28

Risk/Reward Ratings 28

Resource Nationalism On The Retreat 28

Frontier Markets Losing Attraction 28

      Table: Asia Mining Risk/Reward Ratings 29

Country Highlights 29

Australia: An Improving Landscape 29

China: Darkening Outlook 30

India: Stumbling Blocks Remain, Despite Reforms 30

Indonesia: Further Policy Moderation Ahead 31

Mongolia: Government Unlikely To Overplay Its Hand 31

Philippines: Taxing Times 32

Japan: Little Potential In Sight 33

South Korea: Few Bright Spots 33

Market Overview 35

      Table: India - Mining Industry Value And Production Forecasts 37

Regulatory Development 38

      Table: Key Changes In Licence/Lease Granting In 2011 MMDR Bill 40

      Table: Royalty Rates Under Proposed Mining Bill 40

      Table: Political Overview 43

Commodities Forecast 45

Commodity Strategy 45

Aluminium: Continued Short-Term Weakness 48

Copper: Recent Strength Doesn't Change Our View 48

Nickel: Recent Strength To Subside 50

Zinc: Price Momentum To Continue 52

      Table: Select Commodities - Performance & BMI Forecasts 54

Competitive Landscape 55

      Table: India - Select Listed Mining Companies 57

Company Profile 58

Coal India Ltd (CIL) 58

      Table: Coal India Ltd - Key Financial Data 61

Hindustan Copper 62

      Table: Hindustan Copper - Key Financial Data 64

NMDC 65

Vedanta Resources 68

Latest Financial Results 70

      Table: Vedanta Resources - Key Financial Data 72

Regional Overview 73

Asia Overview 73

Global Industry Overview 81

Methodology 93

Industry Forecast Methodology 93

Sources 94

Risk/Reward Rating Methodology 95

      Table: Mining Risk/Reward Ratings Indicators 97

      Table: Weighting Of Indicators 98

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