India’s State-wise Mineral Auction Summary (as on Dec’22)

Mineral production from the iron ore mines auctioned since 2016 following the amendment of the Mines and Minerals Development & Regulation Act (MMDR Act) in 2015 accounted for nearly 25% of India’s production in FY22. SteelMint data shows that mine blocks auctioned in Odisha and Karnataka, India’s leading iron ore producing states, recorded over 62 million tonnes (mnt) of iron ore production in the last fiscal when the country’s total production stood over 250 mnt.