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Globally, the India is the largest producer of sheet mica, the third-largest producer of coal, fourth-largest producer of iron ore and the fifth-largest producer of bauxite. The pace of new exploration initiatives in the Indian mining industry has been rather slow – often as a result of excessive paperwork and confusing regulations. In India, the mining industry is dominated by state-owned companies, which contribute about 85% of the total value of mineral production. Over the last five years, there has been an increase in the export of iron ore driven by the steel demand in China. (see table -1)...
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