Mining and resources to India
Privatisation and policy reform are transforming India’s mining and resources sector. Demand is strong as domestic consumption drives output.
There are opportunities for Mining Equipment, Technology and Services (METS) exports as mines are upgraded. Demand for critical minerals will rapidly increase.
The Indian government wants to increase domestic production of thermal coal. Privatisation will result in large-scale investment and mine-site upgrades. This will trigger demand for METS.
- geo-mining consultancy and exploration technologies
- expertise in coal value-chain optimisation and beneficiation
- mining IT, including mine-planning software and mine-management systems
- commercial explosives
- niche mining equipment
- mineral processing components
- mineral quality technologies
- safety equipment and systems
- environmental technologies
- mining education and skills
- manufacturing basic components for mining equipment
Demand for critical minerals will rise as India develops its advanced manufacturing sector. This includes defence and space industries, electric vehicles and renewable energy generation. A bilateral Memorandum of Understanding sets out the opportunities. These include:
- supply of critical minerals from Australia to India. This includes cobalt, lithium and zircon
- supply of minor minerals such as antimony and tantalum
- supply of rare-earth minerals
- consultancy for critical minerals projects in India. This includes mining technology and processing.
Mining education and skills training
Newly privatised mines want to upgrade skills and work practices. Introduction of new mining technologies will also need skills upgrades. Training organisations in India will be open to collaboration. This is so they can upgrade training programs.
- METS providers can partner with Indian training organisations to offer industry-embedded courses and research degrees
- co-operation in research and development, faculty partnerships, and student exchanges
- developing short online courses and study tours. These could include classroom teaching and mine-site visits
- short online courses that focus on re-skilling workers
- on-site training programs in India
There is complex regulation in this sector. It is also government-dominated. This holds back commercial activity.
- procurements are often slow due to complex processes and timelines. This is despite recent digitisation
- restrictions on licensing and permits inhibits delivery of professional services in India. This makes it harder for METS providers to enter the market
- India has close business links to METS suppliers in the United Kingdom, Europe, the United States of America and Japan. Australian METS providers need a strong edge to be competitive
More than 40 Australian METS companies are active in the Indian mining industry. The number is growing every year. Read their stories:
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