How Important Is Mining To The Country’s Economy? A Closer Look

Top graphite mining companies help in the extraction of graphite from the ground. Here is what you need to know about the mineral graphite. 

The mining industry in India contributes largely to the country’s economy.  Going by the GDP of the total industrial sector it contributes around 10% to 11%. You will be surprised if you know that even a small amount of mining carried out brings in 6% to the entire cost of mineral production. It has been prominent since ancient times and with the passing time, the benefits encountered from it are supreme. 

Do The Top Mining Companies In India Belong To The Primary Industry?

Mining deals in extracting raw materials like clay, silt, rock, metals, gemstones, and also, minerals from the earth. On the other hand, the secondary industry relies heavily on raw materials from mining for manufacturing and producing many essential items.

Did you know that India is the 5th largest producer of graphite in the world? Graphite reserves in India thus have a lot of significance and applications in various industries. Graphite is one of the most thermodynamically stable allotropes of carbon.  The reason being it finds applications in almost every facet of the manufacturing industry. This includes-

  • Electronics, 
  • Friction
  • Coatings
  • Aerospace
  • Atomic Energy
  • Hot Metal Processing
  • Powder Metallurgy, etc. 

Thus if you concentrate correctly, you will understand that mining is a broad concept and includes natural resources as well. The modern process of mining includes potential profit analysis of a proposed mine, finding ore bodies, and also, extraction of valuable materials. Though it is true that mining processes can hurt the environment, with the implementation of modern procedures, it is possible to increase the safety in these mines.

About Graphite Reserves Found In India

  • The GSI presented the status of mineral deposits in Arunachal Pradesh at the meeting. Data showed that the State has 35% of the total graphite reserves in India – the highest in the country. But in terms of resources, Tamil Nadu led with 37% followed by Jharkhand with 30% and Odisha with 29%.
  • The GSI’s 2013 report showed Arunachal Pradesh sits on 43% of the country’s graphite resources followed by Jammu & Kashmir (37%), Jharkhand (6%), Tamil Nadu (5%), and also, Odisha (3%).

Conclusion

Striking a unique balance between positive contribution to the country’s economy and also, maintaining a sustainable environment, Skamord Mining company has come a long way. It is one of the largest graphite mining companies in India. For Skamord Mining, sustainability plays an important role. They put focus on areas like exploration, mine planning, construction, mineral extraction, mine closure, and also, post-closure reclamation.