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Overall Mineral Production Increases by 6.8% in November 2023

EconomyOverall Mineral Production Increases by 6.8% in November 2023

The Ministry of Mines on Wednesday informed that there has been an overall increase of 6.8% in mineral production in November 2023. This is higher compared to November 2022.

The Ministry informed, “The index of mineral production of mining and quarrying sector for the month of November, 2023 (Base: 2011-12=100) at 131.1, is 6.8 % higher as compared to the level in the month of November, 2022.”

As per the provisional statistics of Indian Bureau of Mines (IBM) ,the cumulative growth for the period April- November, 2023-24 over the corresponding period of previous year is 9.1%.

The production level of important minerals in November, 2023 were Coal 845 lakh tonne, Lignite 33 lakh tonne, Natural gas (utilized) 2991 million cu. m., Petroleum (crude) 24 lakh tonne, Bauxite 2174 thousand tonne, Chromite 135 thousand tonne, Copper conc. 9 thousand tonne , Gold 85 kg, Iron ore 250 lakh tonne, Lead conc. 29 thousand tonne, Manganese ore 287 thousand tonne, Zinc conc. 136 thousand tonne, Limestone 352 lakh tonne, Phosphorite 101 thousand tonne, and Magnesite 98 thousand tonne.

Furthermore, the important minerals showing positive growth during November, 2023 over November, 2022 include Magnesite (14.1%), Coal (11%), Iron Ore (8%), Natural gas (U) (7.6%), Limestone(6.5%), Manganese Ore (4.7%), Lignite(2%) and Zinc Conc.(1.7%) and Other important minerals showing negative growth include: Petroleum(crude) (-0.4%), Bauxite (-2.4%), Lead Conc.(-4.6%), Copper Conc.(-5.3%) , Gold (-35.6%), Chromite (-44.6%), Phosphorite (-50.7%) and Diamond (-92.9%).

Meanwhile, the India’s Mineral Production Increases by 11.5% in September 2023. According to the Ministry of Mines, India produces as many as 95 minerals, which includes fuel, metallic, non-metallic, atomic and minor minerals (including building and other materials).

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