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. Overall, we forecast the mining industry to reach a value of US$51.9bn in 2017, growing at an average rate of 6.5% per annum.

BMI Industry View 7

SWOT 9

Industry Forecast 10

Bauxite: Strong Growth, With Risks To Downside 10

      Table: India - Bauxite Production Forecast 13

Coal: Growing Imports On Enduring Challenges 14

      Table: India - Coal Production Forecast 18

Iron Ore: Production Hit By Mining Ban 19

      Table: India - Select Iron Ore Projects 22

      Table: India - Iron Ore Production Forecast 24

Zinc: HZL In Driving Seat 25

      Table: India - Largest Zinc Mining Projects 26

      Table: India - Zinc Mine Production Forecast 26

Industry Risk Reward Ratings 27

      Table: Asia Mining Risk/Reward Ratings 28

Market Overview 34

Challenges To Plague Miners 34

      Table: India - Mining Industry Value And Production Forecasts 36

Regulatory Development 37

Liberalisation No Panacea For FDI 37

      Table: Key Changes In Licence/Lease Granting In 2011 MMDR Bill 39

      Table: Royalty Rates Under Proposed Mining Bill 40

      Table: Political Overview 42

Commodities Forecast 44

Iron Ore: Rally To Fade In Q413 45

Steel: Supply Glut To Endure 46

Aluminium: Surge Gives Way 47

Copper: Weak Outlook 48

Lead: Short-Term Weakness 49

Nickel: Still The Laggard 50

Zinc: Still A Surplus Market 53

      Table: Select Commodities - Performance And BMI Forecasts 54

      Table: Global Commodities Strategy 55

Competitive Landscape 56

Private Participation To Stay Muted 56

      Table: India - Select Listed Mining Companies 58

Company Profile 59

Coal India Ltd 59

      Table: Coal India Ltd - Key Financial Data 62

Hindustan Copper 63

      Table: Hindustan Copper - Key Financial Data 65

NMDC 66

Vedanta Resources - Q1 2014 69

      Table: Vedanta Resources - Key Financial Data 73

Regional Overview 74

Global Industry Overview 80

Downturn To Continue Into 2014 80

      1. China Slowdown To Drive Mining Moderation 80

      2. Frontier Mining Increasingly Challenging 81

      3. Mining Services Firms Facing Tough Outlook 83

But Opportunities Still Exist 85

      1. Asian Outward Investment Continues 85

      2. Private Equity Entering The Mix 87

      3. Global Thermal Coal Demand Still Growing 88

Methodology 91

Industry Forecast Methodology 91

Sources 92

Risk/Reward Rating Methodology 93

      Table: Mining Risk/Reward Ratings Indicators 94

      Table: Weighting Of Indicators 95

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