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Mineral Production rises 2.6% During August 2014 compared to August 2013

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Capital Market
Last Updated : Oct 21 2014 | 3:17 PM IST
The index of mineral production of mining and quarrying sector for the month of August (new Series 2004-05=100) 2014 at 116.6, was 2.6% higher as compared to August 2013. The cumulative growth for the period April- August 2014-15 over the corresponding period of previous year stands at (+) 2.5%.

The total value of mineral production (excluding atomic & minor minerals) in the country during August 2014 was Rs. 17264 crore. The contribution of: coal was the highest at Rs. 5508 crore (32%). Next in the order of importance were: Petroleum (crude) Rs. 5496 crore, iron ore Rs. 2467 crore, natural gas (utilized) Rs. 2187 crore, lignite Rs. 414 crore and limestone Rs. 396 crore. These six minerals together contributed about 95% of the total value of mineral production in August 2014.

Production level of important minerals in August 2014 were: coal 435 lakh tonnes, lignite 35 lakh tonnes, natural gas (utilized) 2645 million cu. m., petroleum (crude) 30 lakh tonnes, bauxite 1415 thousand tonnes, chromite 69 thousand tonnes, copper conc. 9 thousand tonnes, gold 96 kg., iron ore 108 lakh tonnes, lead conc. 15 thousand tonnes, manganese ore 156 thousand tonnes, zinc conc. 110 thousand tonnes, apatite & phosphorite 110 thousand tonnes, dolomite 535 thousand tonnes, limestone 227 lakh tonnes, magnesite 25 thousand tonnes and diamond 3676 carat.

The production of important minerals showing positive growth during August 2014 over August 2013 include 'apatite and phosphorite' (88.7%), 'magnesite' (77.9%), bauxite' (29.6%), 'lignite' (19.6 %), 'limestone' (18.4 %), 'coal' (13.9), 'iron ore' (4.5%) and 'manganese ore' (2.6%). The production of other important minerals showing negative growth are: 'lead conc.' [(-)1.0%], 'diamond' [(-)3.5%], 'petroleum (crude)' [(-) 4.9%], 'dolomite' [(-)6.2%], 'natural gas (utilized)' [(-)8.9%], zinc conc.' [(-)15.1%], 'gold' [(-) 23.2%], 'copper conc.' [(-)26.4%] and 'chromite.' [(-)56.4%].

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First Published: Oct 21 2014 | 2:04 PM IST

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