Indian Economy News

The production of minerals increases by 9.7% in November 2022

The mining and quarrying sector's index of mineral output for the month of November 2022 (Base: 2011-12=100) is 9.7% greater than its value for the same month in 2021. According to Indian Bureau of Mines (IBM) preliminary figures, the total rise from April - November 2022–23 over the same period in the previous year is 4.7%.

Production level of important minerals in November, 2022 were: Coal 761 lakh tonnes, Lignite 32 lakh tonnes, Natural gas (utilized) 2779 million cu. m., Petroleum (crude) 24 lakh tonnes, Bauxite 2228 thousand tonnes, Chromite 243 thousand tonnes, Copper conc. 9.5 thousand tonnes , Gold 132 kg, Iron ore 231 lakh tonnes, Lead conc.30 thousand tonnes, Manganese ore 274 thousand tonnes, Zinc conc. 133 thousand tonnes, Limestone 330 lakh tonnes, Phosphorite 205 thousand tonnes, Magnesite 9 thousand tonnes, and Diamond 28 carat.

Important minerals showing positive growth during November 2022 over November 2021 include Diamond (87%), Phosphorite (68%), Bauxite (30%) Iron Ore (19%), Coal (12%), Limestone (8.6%), and Manganese Ore (18.5%). Other important minerals showing negative growth include Petroleum (-1%), Natural Gas (U) (-0.7%). Lignite (-1.3), Lead conc. (-1.9%), Copper concentrate (-4.1%), Gold (-0.8%), and Chromite (-6%).

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

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