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Increasing iron ore demand, coupled with the depletion of high-grade hematite ores in the United States, after World War II led to development of lower-grade iron ore sources, principally the utilization of magnetite and taconite. Iron-ore mining methods vary by the type of ore being mined.
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A coal and iron ore project is in the fifth largest reserve in world. India's metal and mining industry was estimated to be $106.4 billion in 2010. However, the mining in India is also infamous for human rights violations and environmental pollution. The industry has been hit by several high-profile mining .
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NMDC Limited () is India's largest iron ore producer and exporter, mining over 30 million tons per year from its three fully-mechanized mines. It has been provided with targets by the Ministry of Mines to increase output to 75 million tons by 2020. NDMC is acquiring new mining leases in iron ore, coal and diamonds.
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Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is a significant scope for new mining capacities in iron ore, bauxite, and coal. India has an advantage in the cost of production and in conversion costs of steel and alumina.
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