Mining Industry Employer
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Best Employers in Mining Industry

Mining and minerals industry is the indispensable segment of the Indian economy. India’s diverse geography has known deposits of over 2000 minerals, and currently produces about 90 minerals including metallic, non-metallic and fuel, and also some 20 minor minerals. The country's mineral sector at present operating over 3300 active mines producing coal, iron ore, limestone, lignite, bauxite, copper, lead, zinc, etc. India is the world's largest producer of mica; third largest producer of coal and lignite; and also ranks among the top producers of iron ore, bauxite, manganese ore and aluminum.

The production of the mining and minerals industry as a whole contributes a whopping Rs.60,000 crores to the Indian national economy.
India produces a total of 84 minerals comprising 4 fuel, 11 metallic, 49 non-metallic industrial and 20 minor minerals. India has an estimated 85 billion tonnes of mineral reserves remaining to be exploited. For the past three decades, the Indian mining industry has been growing consistently at an annual rate of 4 percent to 5 percent. But, India is witnessing a great imbalance between its imports and exports. Diamond exports constitutes 81 percent of the total exports whereas crude oil id the largest constituent (42 percent) of India’s imports.

Realizing the significance of the developed industrial sector and the mining and minerals sector for the economy, the MM(R&D) Act was amended in October 1996, opening the sector for the entry of private players and investment. The government also offers a wide range of concessions to investors engaged in the mining activity. India’s strategic location, availability of cheap labor, large untapped or unexplored resource base is the key strengths of the industry. Whereas the obsolete technology and the lack of infrastructural facilities are the major bottlenecks for the sector.

Employment in the sector:
The Indian mining industry has more than 1.1 million people working in it currently. The mining and minerals sector carries the most low key career profiles in India.

Job prospects:
A career in mining can be very challenging and rewarding as well. The basic qualification required for a career in the mining sector is the degree or diploma in engineering, which can be done with a specialization in mining exploration, chemical engineering, civil, hydraulic or piping design engineering etc, or take the training in various functions of the sector like metallurgy.

The sector is facing the shortage of skilled and trained people. Although the sector provides a very few or almost no opportunities for women in the core areas (as women are not allowed by law to work underground), but the sector is looking for trained people with the flair for exploration and understanding natural resources and their exploration, with high levels of energy and cope up with the stress of working long hours in difficult conditions and remote areas.

Naukrihub ranking attempts to rank companies on basis of various HR practices, procedures and policies prevalent in the Mining and minerals industry. Ten companies are selected on random basis and ranked on various HR parameters like recruitment practices, compensation policies, work culture, recognition for good work, retention, flexible work timings, et al. The scores are consolidated on the basis of data collected through recent surveys and studies by renowned names like Business Today, Hewitt, IDC Data Quest, NASSCOM and our own study of the organisations. The sector is dominated by the public sector players like ONGC, SAIL, GAIL, NTPC, Hindalco, Indian Oil etc. the largest private player in the sector is Reliance Industries Ltd. which is neck on neck with ONGC for the top player slot in the sector.