analyse any three factors affecting the mining in india.
Answers
Stable ownership regime. Mines require substantial investment.
availability of labor
hope it helps you
Factors affecting the mining in India are as follows;
Geological availability - a successful mine or excavation must be depend upon the deposit that has significance. Normally, some geologic event in the past has focused a selective factor to the degree that it is commercial to mine. For example, iron signifies about 5% of the earth's crust.
2) Stable ownership regime. Mines demand abundant investment. Investors will require to be convinced that their financing won't be seized by governments or others who participated without any risks.
3) Exploration - the geologic concentration requires to be determined. For example, the detection of Diamond sediments in Canada demanded specific information including the tracking of trace crystals.
4) Transport - Various bulk materials required to be adjacent to markets or at least cheap cost of transport. For example, iron ore sediments require to be inside a few hundred miles of steel mills or ocean transport.