India's mineral production rises 9.8 per cent in December 2022

According to the mines ministry, India's mineral production increased by 9.8 percent in December 2022 compared to the same month the previous year. According to preliminary Indian Bureau of Mines data, the index of mineral production in the mining and quarrying sector in December 2022 was 107.4, 9.8 percent higher than in December 2021. The cumulative rise for the April-December period this fiscal year over the equivalent time the previous fiscal year was 5.4 percent, according to a statement from the mining ministry. In December, the following minerals were produced: coal 833 lakh tonnes, lignite 35 lakh tonnes, natural gas (used) 2,888 million cubic metres, petroleum (crude) 25 lakh tonnes, and bauxite 2,272 thousand tonnes. Gold, phosphorite, iron ore, limestone, manganese ore, and coal all increased in value. Other significant minerals seeing negative growth include petroleum (-1.2%) and bauxite (-9 per cent). Lignite (-10.7%), chromite (-11.5%), magnesite (-22.5%), and diamond (-38.6%) are the most affected,' according to the statement. Also Read Rs 6.5 billion investment by CEF Group for producing biofuels in UP Sany targets European ports for its electrically powered machinery