Ferro-alloy industry stares at sizeable job loss as mines shut down

Demand-supply mismatch could further affect domestic steel production

With seven manganese and four chromite non-captive mines on their way to shut down by March 2020, the mining industry is staring at a sizeable job loss since the ratio of direct and indirect employment is 1:10.

“Nearly 90 per cent of the labour is on contract basis at these mines. This includes migratory labour also,” Sunil Duggal, president at Federation of Indian Mineral Industries (FIMI) told Business Standard via telephonic interaction.

This, however, is just the beginning since mining leases of total 329 mines of private mining companies, including 48 operative and 281 non-operative mines spread across 10 states,