GLOBAL MARKETING IRON ORE

We have been mining in Goa. are an iron ore mining.SSS Ltd. . We. SSL Limited. India for the past years and have recently acquired new mine in Orissa. processing company with 15 years of experience with us.

Types of iron ore • MAGNETITE. • Hematite is the best iron ore which is used in iron and steel industry .LIMONITE.Iron Ore Iron ores are rocks and minerals from which metallic iron can be economically extracted.GOETHITE.HEMATITE.

• Main material for car bodies • Shipbuilding. . railways.Uses 98% of iron ore is used in Steel industry Steel is used for: • Construction of roads. modern structures like stadiums and skyscrapers.mining. buildings.pipeline transport.office furniture.

Why Export? More than 70% of Orissa’s iron ore production is in the form of fines having limited domestic demand .

China China continues buying iron ore outside mining giants Economic growth slows down worldwide. China performs well Rapid growth of Urbanisation .

• The overall tax burden is equal to 17.5 percent of total domestic income.1 trillion Unemployment: 4. .3% FDI Inflow: $105.3% Inflation: 3.7 billion Top income tax rate is 45 percent Top corporate tax rate is 25 percent.Economy • • • • • • • • World’s second largest economy GDP (PPP): $10. Other taxes include a value-added tax (VAT) and a real estate tax.

communication. • China is increasingly affording foreign companies and foreign investment enterprises established in China similar rights an privileges as Chinese domestic companies • Inadequate transportation. and 58% of foreign trade. 4.1% of national tax revenue. Large amount of money spent on improving infrastructure • China stands at 60 in the ranking of 183 economies on the ease of trading across borders .• FDI accounts for 27% of the value added production. and energy resources.

Highly vulnerable to political influence and corruption. • All land is state-owned. finance. • High corruption severely affect banking. and construction. • Intellectual property rights are not protected effectively. . Individuals and firms may own and transfer long-term leases that are subject to many restrictions. and trademarks are quite common. and infringements on copyrights. government procurement. patents.Legal • China’s weak judicial system .

Key legal/regulatory challenges in China • Bureaucracy (74%) • Unclear regulatory environment (72%) • Lack of government transparency (67%) • Tax administration (66%) • Customs clearance delays (62%) • Customs and trade regulations (61%) • Difficulty enforcing contract terms (61%) • Obtaining required licenses (58%) • Difficulty in litigation (50%) • Legal restrictions on market access (49%) .

Business Culture • Foreign investors need to be respectful when talking to the Chinese during business meetings • Able to communicate and negotiate with the locals • Very concerned about building up good relationships with their partners and clients • Chinese prefer face-to-face meetings rather than written or telephone communication • Set up appointments one.to-two months in advance and preferably in writing • Chinese view punctuality as a virtue .

organic chemicals. and cotton .5 billion now Indian exports to China are ores. iron and steel. slag and ash.Indo-China Trade Relations • Most Favored Nation Treatment • Agreement to avoid double taxation • Initiation of the border trade between Tibet and India through NathuLa Pass Development Banks from BRICS signed: • Master Agreement on Extending Credit Facility in Local Currencies • BRICS Multilateral Letter of Credit Confirmation Facility Agreement Targeted trade flows of $100 billion by 2015 from $75. plastics.

00% 6% 3% 0.05% 0.50/63.MEDIUM GRADE IRON ORE MINES CHEMICAL ANALYSIS FE SILICA ALUMINA PHOSPHORUS SULPHUR 63.02% MOISTURE 8.00% .

05% 0.00% IRON ORE CONCENTRATE CHEMICAL ANALYSIS FE SILICA ALUMINA PHOSPHORUS SULPHUR MOISTURE 65.HIGH GRADE IRON ORE FINES CHEMICAL ANALYSIS FE 65.02% 8% SILICA ALUMINA PHOSPHORUS SULPHUR MOISTURE 4% 2% 0.00% 3.05% 0.00% 0.00/64.50% 2.00/64.00% .02% 8.

• Best quality iron ore from good Indian mines. • High grade iron ore .Product specifications • Decrease the impurity levels • Export iron ore in the form of fines • Keep the fe content 63+ which is a quality feature for steel producing companies.

Sign up to vote on this title
UsefulNot useful