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Saturday, May 25, 2024

In January, India’s mineral output increases by 5.9%

<p>The Ministry of Mines said on Wednesday that the mining and quarrying sector’s January 2024 index of mineral output, which stands at 144.1, is 5.9% higher than the level in the same month the previous year.</p>
<p><img decoding=”async” class=” wp-image-532034″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-january-indias-mineral-output-increases-by-5-9-mines-750×500.jpg” alt=”theindiaprint.com in january indias mineral output increases by 5 9 mines” width=”1076″ height=”717″ title=”In January, India's mineral output increases by 5.9% 18″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-january-indias-mineral-output-increases-by-5-9-mines-750×500.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-january-indias-mineral-output-increases-by-5-9-mines-1024×683.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-january-indias-mineral-output-increases-by-5-9-mines-768×512.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-january-indias-mineral-output-increases-by-5-9-mines.jpg 1200w” sizes=”(max-width: 1076px) 100vw, 1076px” /></p>
<p>According to the Indian Bureau of Mines’ (IBM) preliminary figures, there was an 8.3% cumulative rise from April to January 2023–24 compared to the same period the previous year.</p>
<p>Important mineral production in January included 998 lakh tonnes of coal, 41 lakh tonnes of lignite, 3073 million cubic meters of used natural gas, 25 lakh tonnes of crude petroleum, 2426 thousand tonnes of bauxite, 251 thousand tonnes of chromite, 12.6 thousand tonnes of copper concentrate, 134 kg of gold, 252 lakh tonnes of iron ore, 34 thousand tonnes of lead concentrate, 304 thousand tonnes of manganese ore, 152 thousand tonnes of zinc concentrate, 394 lakh tonnes of limestone, 109 thousand tonnes of phosphorite, and 13 thousand tonnes of magnetite.</p>
<p>The data also highlighted the significant minerals that saw growth in January 2024 compared to the previous year, such as magnesium (90.1%), copper concentrate (34.2%), coal (10%), limestone (10%), bauxite (9.8%), manganese ore (7.8%), natural gas (U) (5.5%), lead concentrate (5.2%), iron ore (4.3%), lignite (3.6%), zinc concentrate (1.3%), and petroleum (crude) (0.7%). Additional significant minerals exhibiting negative growth include phosphorite (-44.4 percent), chromite (-35.2 percent), and gold (-23.4 percent).</p>
<p>The Ministry of Statistics and Program Implementation issued statistics last week that showed the industrial production growth slowed to 3.8% in January.</p>
<p>The growth of the manufacturing sector decreased to 3.2% from 4.5% one month earlier, while the mining and power generating sectors had faster development, rising to 5.9% and 5.6%, respectively.</p>
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