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India’s Mineral Production up 3% in December

by Economy India
February 16, 2022
Reading Time: 1 min read
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SHARESHARESHARESHARE

The index of mineral production of mining and quarrying sector at 120.3 was 2.6 percent higher in the month under review as compared to the level in the same period of 2020, the ministry said in a statement.

India’s mineral production rose 2.6 percent in December 2021 over the same month a year ago, the mines ministry said on Wednesday.

The index of mineral production of mining and quarrying sector at 120.3 was 2.6 percent higher in the month under review as compared to the level in the same period of 2020, the ministry said in a statement.

As per the provisional statistics of Indian Bureau of Mines (IBM), there was a cumulative growth of 16 percent during April-December period of 2021-22 over the year-ago period, it said.

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The production level of important minerals in December 2021 includes coal 748 lakh tonne, lignite 39 lakh tonne, natural gas (utilized) 2,814 million cu m and petroleum (crude) 25 lakh tonne.

The production of important minerals that showed year-on-year growth during December 2021 includes magnesite (73.2 percent), gold (71.0 percent), bauxite (27.1 percent) and lignite (21.4 percent).

“The production of other important minerals showing negative growth is: petroleum (Crude)(-1.8 percent), zinc conc (-4.3 percent), iron ore (-6.2 percent)…and diamond (-97.6 percent),” it said. (PTI)

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Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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