Mineral Production

India pushes for a binding critical minerals pact amid discussions to restructure the India-US CEO Forum

The total revenue from minerals in Rajasthan was estimated at over Rs 7,460 crore in FY24

India's mineral output rose 8 per cent in February as compared to the year-ago period, the government said on Thursday. The index of mineral production of the mining and quarrying sector for February 2024 at 139.6 is 8 per cent than February last year. The cumulative growth for the April-February period of 2023-24 over the corresponding period of the previous year is 8.2 per cent, as per the provisional statistics of Indian Bureau of Mines (IBM), the mines ministry said in a statement. In February, the production of coal was 966 lakh tonnes, lignite 42 lakh tonnes, natural gas (utilised) 2,886 million cubic metre, petroleum (crude) 23 lakh tonne, among others, it said. The minerals that showed positive growth include gold, copper conc, bauxite, chromite, phosphorite, limestone and coal. "Other important minerals showing negative growth include iron ore and lead conc," the statement added.

Offshore mineral auction within three months

India's mineral output increased by 5.1 per cent in December as compared to the year-ago period, the government said on Thursday. The index of mineral production of mining and quarrying sector for the month of December, 2023 at 139.4 is 5.1 per cent higher as compared to the level witnessed in the corresponding month of 2022, the mines ministry said in a statement. The cumulative growth rate in the mining and quarrying sector for the April-December period of the current fiscal over the corresponding period of previous financial year is 8.5 per cent, as per the provisional statistics of Indian Bureau of Mines (IBM). In December, the production of coal stood at 929 lakh tonnes while that of lignite at 40 lakh tonnes, iron ore at 255 lakh tonnes and limestone at 372 lakh tonnes. Production of lignite, limestone, coal, bauxite and natural gas showed positive growth. However, a negative growth was registered in the production of petroleum (crude), gold, chromite, phosphorite and ...

India's mineral production went up 13.1 per cent in October 2023, over the same month a year ago, the government said on Monday. The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM). The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent. The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.

Auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the country's mining sector that has the potential for a multiplier effect on economic growth. As the government focuses on self reliance, Mines Minister Pralhad Joshi told PTI, "every few months (in 2024) we will bring out a new batch of critical minerals for auction." Not just critical minerals, exploration of deep-seated minerals like gold and copper, as well as offshore areas are on the priority list. In November, the government launched the first tranche of e-auction of 20 mines of critical and strategic minerals. The blocks include copper, lithium, nickel and potash. A committee, set up by the mines ministry, had identified 30 minerals as critical and strategic, considering their economic importance and supply risk vis-a-vis India's priorities and future requirements for energy transition. Besides, a new Mineral Concession namely exploration licence

India's mineral output rose 10.7 per cent in July as compared to the same month a year ago, the mines ministry said in a statement on Thursday. The index of mineral production of the mining and quarrying sector for July 2023 was at 111.9, higher 10.7 per cent as compared to the year-ago period, as per the provisional figures of Indian Bureau of Mines (IBM). The cumulative growth for April-July period of this fiscal year over the corresponding period of FY23 is 7.3 per cent. The production level of important minerals in July includes coal (693 lakh tonne), lignite (32 lakh tonne), petroleum (crude) 25 lakh tonne, bauxite (14,77,000 tonne), and chromite (2,80,000 tonne). Minerals that registered growth during July 2023 as against July 2022 include chromite, manganese ore, coal, limestone, iron ore, gold and copper conc. Minerals that saw contraction include lignite, bauxite, phosphorite and diamond.

The Ministry of Mines on Thursday said that domestic mineral production grew 7.6 per cent year-on-year in June

Mineral production rose by 5.1% in April 2023. Gold and crude petroleum production decrease marginally

Amid the buzz of 'green economy', the Geological Survey of India (GSI) is intensifying its exploration exercises for critical minerals, like lithium, nickel, cobalt and rare earth elements, with "one-third" of such projects being dedicated to the search of these resources, a top official said on Sunday. These critical minerals are key to clean energy technologies. The national survey organisation, which now has a working collaboration with Geoscience Australia for mineral exploration, is also in talks for tie-ups with the authorities in Russia and Brazil, GSI Deputy Director General (Policy Support System - Planning and Monitoring) Asit Saha said. "We have been taking up more than 100 exploration projects every year for critical minerals since 2020-21. The same trend continues this year (2023-24) also, as it is our thrust area. Earlier, the number of such projects was to the tune of 60-70 but now we have drastically increased it. "Out of a total of around 350 mineral exploration ..

The country's mineral production rose by 9.7 per cent in November as compared to the year-ago period, the mines ministry said on Tuesday

Additional Chief Secretary (Mines and Petroleum) Subodh Agarwal said each part of the state was rich in some mineral

The index of mineral production of mining and quarrying sector in September 2022 at 99.5 was 4.6% higher as compared to the level in March 2021

The index of mineral production of mining and quarrying sector for September stood at 95.1, which was 22.3 per cent higher as compared to the year-ago month, the mines ministry said

India's mineral production rose by 23.1 per cent in June over the same month a year ago, according to the mines ministry

A new mineral policy for 2021-26 will be unveiled in the State on the lines of the Centre's National Mineral Policy to give a fillip to the industry, Karnataka CM Yediyurappa said

Centre removes distinction between captive and merchant mines, will amend the Mines and Minerals (Development and Regulation) Act, 1957 to enforce reforms

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

The cumulative growth for the period April- August 2017-18 over the corresponding period of the previous year has been up by 3.3 per cent