The Future of Mining in India: Opportunities for International Collaboration and Investment

In the episode, we chat with Dr Pradeep Kumar Jain, who was the Chief Mineral Economist for the Ministry of Mines, Government of India, and has recently retired. With over 42 years of experience in mineral economics, geology, and mining legislation, he has been deeply involved in shaping India's mineral policy, pricing mechanisms, and strategic resource planning. He talks about critical factors for successful mine planning, adoption of new technology, India as a mining jurisdiction, and how they are developing their mining industry. KEY TAKEAWAYS Since 2015, India's mineral concession grants have shifted from a first-come, first-served basis to an auction model, enhancing transparency, increasing state revenue, and expediting the process of granting mining rights. India is rich in a variety of minerals, including major, minor, critical, and strategic minerals. Key states like Goa, Jharkhand, and Odisha are known for specific minerals, contributing to a robust mining landscape. The integration of advanced technologies such as GIS, remote sensing, and drone surveys is transforming mining operations in India, improving decision-making, efficiency, and regulatory transparency. The establishment of the District Mineral Foundation aims to ensure that mining activities contribute positively to local communities and the environment, promoting sustainable and inclusive development. BEST MOMENTS "After 2015, the grant of the concession in an auction mode... it is becoming a transparent procedure for grant of the mineral concession."  "We have about 25 minerals available... all type of the mineral right from the bulk mineral to precious mineral."  "This auction model has made drastic changes... it is making a healthy competition but little bit there is some drawback also."  "India is a very good platform for international trade, as well as inviting the international experts to come and venture into the mining sector in India." VALUABLE RESOURCES Mail:        [e-mail] LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org GUEST SOCIALS  [e-mail] https://www.linkedin.com/in/dr-p-k-jain/ CONTACT METHOD [e-mail] https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/