India’s Mineral Production Increases by 11.5% in September 2023

In September 2023, the mining and quarrying sector's mineral production index stood at 111.5 (Base: 2011-12=100), reflecting an 11.5% increase compared to September 2022. The provisional statistics from the Indian Bureau of Mines (IBM) indicate a cumulative growth of 8.7% for the period April-September 2023-24 compared to the corresponding period in the previous year.

The production levels of key minerals in September 2023 were noteworthy:

• Coal: 673 lakh tonnes
• Lignite: 29 lakh tonnes
• Natural gas (utilized): 2974 million cu. m.
• Petroleum (crude): 24 lakh tonnes
• Bauxite: 1726 thousand tonnes
• Chromite: 117 thousand tonnes
• Copper conc.: 10 thousand tonnes
• Gold: 113 kg
• Iron ore: 195 lakh tonnes
• Lead conc.: 29 thousand tonnes
• Manganese ore: 247 thousand tonnes
• Zinc conc.: 134 thousand tonnes
• Limestone: 347 lakh tonnes
• Phosphorite: 88 thousand tonnes
• Magnesite: 09 thousand tonnes

Several key minerals demonstrated positive growth in September 2023 over September 2022, with standout performances from Manganese Ore (51.5%), Gold (22.8%), and Iron Ore (17%). Coal, Limestone, and Natural Gas (U) also showed substantial growth at 16%, 13.7%, and 6.6%, respectively. Conversely, certain minerals experienced negative growth, including Petroleum (crude) (-0.3%), Lead Conc. (-3.0%), Magnesite (-3.7%), and Phosphorite (-41.5%).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.