Mining and Metals

Mining and Metals Industry

The liberalization and globalization of the Indian economy have significantly bolstered the growth of the mineral and metals sector. Government has introduced important reforms to open up the mineral sector to ensure its contribution in achieving the national policy goals.India has become a major player in the global mining and minerals market. While India exports a variety of minerals, including iron ore, manganese ore, chromite, granite, and polished diamonds, it imports key mineral commodities such as coking coal, gold, copper, and potash, creating an imbalance between exports and imports.

National Mineral Policy, 2019, thereby enabling the country to progress towards attaining self-sufficiency in major mineral production.

Astrea Legal’s team closely monitors the developments in the Mining and Metals industry, ensuring that we address the complex and evolving needs of the sector.  Every stage of the mining lifecycle, from exploration and licensing to project execution and transportation,  clients to navigate challenges with confidence and compliance.

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Key Components

1. Environmental Management
   • Assistance with obtaining licenses and environmental clearances.
   • Advising on environmental management and compliance challenges.
2. Equity Financing and Listings
   • Support for capital raising through equity markets.
3. Joint Ventures and M&A
   • Structuring and executing joint ventures, mergers, and acquisitions in the mining sector.
4. Mineral Concessions and Land Acquisition
   • Guidance on obtaining mineral concessions and land agreements.
5. Project Development and Financing
   • Comprehensive legal support for project development and securing project finance.
6. Regulatory Compliance and Contract Management
   • Ensuring adherence to local mining laws, rules, and regulations.
   • Assistance with drafting and negotiating contracts.
7. Employment and Transportation
   • Advisory on employment issues and compliance with industry standards.
   • Legal consultation on transportation and logistics.

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Industry Insights

• The Indian mining industry is a critical driver of economic growth, with exports of minerals contributing significantly to the economy.
• The provisional total value of mineral production (excluding atomic, fuel, and minor minerals) for 2023-24 is estimated to be ₹ 1,41,239 crore, representing a growth of approximately 14.83% over the previous year’s figure of 2022-23.

Astrea Legal is committed to supporting the mining and metals industry with tailored solutions, helping businesses navigate regulatory challenges while maximizing their potential.

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