Mineral Production in the Country Grows by 5.9% During January 2024.

The index of mineral production in the mining and quarrying sector for January 2024, based on a 2011-12 scale, stands at 144.1, marking a 5.9% increase compared to January 2023. According to provisional data from the Indian Bureau of Mines (IBM), the cumulative growth for the April-January period of the 2023-24 fiscal year over the same period of the previous year is 8.3%.

In January 2024, notable production levels of key minerals were observed, including 998 lakh tonnes of coal, 41 lakh tonnes of lignite, 3073 million cubic meters of natural gas, 25 lakh tonnes of crude petroleum, and significant quantities of other minerals such as bauxite, chromite, copper concentrate, gold, iron ore, lead concentrate, manganese ore, zinc concentrate, limestone, phosphorite, and magnesite. During January 2024, several important minerals exhibited growth compared to January 2023, including magnesite (90.1%), copper concentrate (34.2%), coal (10.3%), limestone (10%), and others. However, certain minerals such as gold, chromite, and phosphorite experienced negative growth rates during the same period.

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