Both the statements (1) and (2) are correct. Most of the deposits of iron ore are located in the Archean rocks of Jharkhand, Odisha, Madhya Pradesh, Chhattisgarh, Karnataka and Tamil Nadu. Coal reserves are located in the valleys of Son, Damodar, Mahanadi and Godavari rivers. The peninsular India once formed part of the super-continent, which include Australia, Antarctica, Africa and South America and was called Gondwanaland some 600 million years ago.