India partners Canada for its biggest mining show

Toronto, Aug 29 ( India’s biggest mining trade show will be held in Bangalore next month.

The Canadian Association of Mining Equipment and Services for Exports (CAMESE), which represents top 400 mining companies, is partnering with the Federation of Indian Mineral Industries (FIMI) to hold the three-day Mining Exploration Convention and Trade Show at Bangalore from Sep 16.

Apart from Canada, mining companies from the UK, Australia and Eastern European countries will also attend it. The mining trade show assumes significance as the Indian government is set to unveil a new mining policy which will allow bigger FDI by foreign companies.

Canada, which is the world leader in mining, will be represented by Indian-born mining expert Hemant M. Shah.

“Since we are the world leader in mining development and equipment, we want to participate in exploration of India’s untapped mineral wealth,”said Shah who is sales director for mining equipment major Cubex.

Shah, who will present a paper ‘Perspective of an Oversees Equipment Vendor in the Indian Mining Sector’ at the show, said: “When India announces new mining policy, Canadian companies want to move in quickly to take advantage of it.”

Despite Canada’s expertise in the field, he said, cooperation between the two countries in the mining sector is low.

Currently, about 10 Canadian companies, including Pebble Creek, Wardrop, Versa and Cubex, are engaged in mining operations in Rajasthan, West Bengal , Uttarkhand, and Madhya Pradesh.

“Coal India and the National Mineral Development Corporation (NMDC) are very interested in Canadian technology, and they have been participating in our annual mining shows here,” he said.

From India , Vedanta has bought a stake in Hudbay Minerals which is a leader in zinc mining in North America.

Currently, Canada sells mining equipment worth $40-50 million each year.