New Delhi: The index of mineral production of the mining and quarrying sector was 5.1 per cent higher in December 2023, as compared to the level in the month of December 2022, the Ministry of Mines highlighted on Thursday.
The cumulative growth rate in the mining and quarrying sector for the April-December period of the current fiscal over the corresponding period of the previous financial year is 8.5 per cent.
According to the data, the important minerals showing positive growth during December 2023 over December 2022 include Magnesite (83.7%), Lead Conc. (16.5%), Lignite (14.6%), Copper Conc. (13.7%), Limestone (12.5%), Coal (10.8%), Zinc Conc. (7.8%), Bauxite (6.6%), Natural gas (U) (6.6%), Manganese Ore (4.0%) and Iron Ore (1.3%).
Other important minerals showing negative growth include Petroleum(crude) (-1.0%), Gold (-29.9%), Chromite (-30.8%), Phosphorite (-31.2%) and Diamond (-74.4%).
Giving an overview of important minerals, the ministry said in December, 2023 the production levels were: Coal 929 lakh, Lignite 40 lakh , Petroleum (crude) 25 lakh, Iron ore 255 lakh, Limestone 372 lakh tonnes each, Natural gas (utilized) 3078 million cu. m., Bauxite 2429 thousand, Chromite 235 thousand, Copper conc. 11 thousand, Lead conc. 35 thousand, Manganese ore 319 thousand, Zinc conc. 148 thousand, Phosphorite 117 thousand, Magnesite 16 thousand tonnes each and Gold 122 kg.
The data recently released by the National Statistical Office (NSO) said the Index of Industrial Production (IIP) growth for December 2023 was 3.8% higher than 2.4% recorded in November. November witnessed the lowest IIP growth since March 2023, when it was 1.7%.
