India's mineral production declines in October
Total value of mineral production in India during October 2016 was Rs 19359 crore, however this was a sequential drop of 1.1% from October 2015. Photo: Pixabay
Production of minerals in India dropped 1.1% in the month of October 2016 as against the same month of last year.
According to data published by Ministry of Mines, "The production of important minerals showing positive growth during October 2016 over October 2015 include Diamond (43.4%), Gold (30.1%), Manganese ore (14.1%), Iron ore (9.2%), Chromite (8.5%), Limestone (6.2%), Copper conc. (3.4%), and Zinc conc. (2.1%)."
It further said, "The production of other important minerals showing negative growth are - Apatite & Phosphorite 33.9%, Lignite at 20.8%, Magnesite at 15.5%, Lead conc at 13.2%, Petroleum (crude) at 3.2%, Natural gas (utilized) at 1.2%, Coal at 1.1% and Bauxite at 0.8 %."
Ministry concluded, "The total value of mineral production (excluding atomic & minor minerals) in the country during October 2016 was Rs. 19359 crore. The contribution of Coal was the highest at Rs. 7536 crore (39%)."