India’s Mineral Production Hikes by 12.3% in August 2023

GG News Bureau

New Delhi, 23^rd Oct. The index of mineral production in the mining and quarrying sector for August 2023 (Base: 2011-12=100) is 111.9, which is 12.3% higher compared to August 2022, according to the provisional data from the Indian Bureau of Mines (IBM).

Additionally, the cumulative growth for the period of April to August 2023-24, compared to the same period in the previous year, is 8.3%.

The production levels of important minerals in August 2023 were as follows: Coal – 684 lakh tonne, Lignite – 28 lakh tonne, Natural gas (utilized) – 3110 million cu. m., Petroleum (crude) – 25 lakh tonne, Bauxite – 1428 thousand tonne, Chromite – 148 thousand tonne, Copper conc. – 10 thousand tonne, Gold – 113 kg, Iron ore – 181 lakh tonne, Lead conc. – 30 thousand tonne, Manganese ore – 233 thousand tonne, Zinc conc. – 132 thousand tonne, Limestone – 365 lakh tonne, Phosphorite – 107 thousand tonne, and Magnesite – 10 thousand tonne.

Important minerals that showed positive growth in August 2023 compared to August 2022 include: Gold (46.8%), Phosphorite (40.7%), Manganese Ore (36.9%), Copper Conc. (18.9%), Coal (17.8%), Iron Ore (14.9%), Limestone (13.8%), Natural gas (U) (9.9%), Magnesite (4.5%), Petroleum (crude) (2.1%), Chromite (1.4%). On the other hand, important minerals that showed negative growth include: Bauxite (-1.5%), Zinc Conc. (-4.1%), Lignite (-5.4%), and Lead Conc. (-15.1%).