The index of mineral production of mining and quarrying sector at 0.9% in May 2017 lower than in May 2016

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Capital Market
Last Updated : Jul 27 2017 | 12:01 AM IST
Mineral Production during May 2017 (Provisional) The index of mineral production of mining and quarrying sector for the month of May (new Series 2011-12=100) 2017 at 100.5, was 0.9% lower as compared to the level in the month of May 2016.

The total value of mineral production (excluding atomic & minor minerals) in the country during May 2017 was Rs. 19944 crore. The contribution of Coal was the highest at Rs. 7171 crore (36%). Next in the order of importance were: Petroleum (crude) Rs. 5634 crore, Iron ore Rs. 2551 crore, Natural gas (utilized) Rs. 2235 crore, Limestone Rs. 602 crore and Lignite Rs. 470 crore. These six minerals together contributed about 94% of the total value of mineral production in May 2017.

Production level of important minerals in May 2017 were: Coal 505 lakh tonnes, Lignite 30 lakh tonnes, Natural gas (utilized) 2701 million cu. m., Petroleum (crude) 31 lakh tonnes, Bauxite 1973 thousand tonnes, Chromite 254 thousand tonnes, Copper conc. 11 thousand tonnes, Gold 117 kg., Iron ore 160 lakh tonnes, Lead conc. 26 thousand tonnes, Manganese ore 237 thousand tonnes, Zinc conc. 123 thousand tonnes, Apatite & Phosphorite 50 thousand tonnes, Limestone 282 lakh tonnes, Magnesite 20 thousand tonnes and Diamond 1648 carat.

The production of important minerals showing positive growth during May 2017 over May 2016 include: 'Zinc conc.' (96.9%), 'Copper conc.' (52.0%), 'Lead conc.' (47.4%), 'Gold' (25.8%), 'Manganese ore' (19.6%), 'Limestone' (5.6%), 'Natural gas (utilized)' (5.2%), 'Petroleum (crude)' (0.7%) and 'Chromite' (0.6%). The production of other important minerals showing negative growth are: 'Diamond' [(-) 47.4%], 'Magnesite' [(-) 31.8%], 'Bauxite' [(-) 22.4%], 'Apatite & Phosphorite' [(-) 10.4%], 'Lignite' [(-) 6.3%], 'Iron ore' [(-) 4.5%] and 'Coal' [(-) 3.2%].

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First Published: Jul 26 2017 | 2:40 PM IST

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