India's mineral production rises by 9.8% in Dec 2022

New Delhi:  India's mineral production rose by 9.8 percent in December 2022, over the same month a year-ago, according to the mines ministry. The index of mineral production of the mining and quarrying sector for the month of December, 2022 stood at 107.4, 9.8 percent higher as compared to December, 2021, as per the provisional figures of Indian Bureau of Mines (IBM).

The cumulative growth for April-December period this fiscal over the corresponding period of the previous financial year was 5.4 percent, the mines ministry said in a statement.

"The production level of important minerals in December were coal 833 lakh tonnes, lignite 35 lakh tonnes, natural gas (utilised) 2,888 million cum, petroleum (crude) 25 lakh tonnes and bauxite 2,272 thousand tonnes.
Minerals like gold, phosphorite, iron ore, limestone, manganese ore and coal showed positive growth, " said the statement.

"Other important minerals showing negative growth include, petroleum (-1.2 percent), bauxite (-9 percent). lignite(-10.7 percent), chromite (-11.5 percent), magnesite (-22.5 percent) and diamond (-38.6 percent)," the statement said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)