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Overall Mineral Production Increases by 13 % in October 2023

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The index of mineral production of mining and quarrying sector for the month of October, 2023 (Base: 2011-12=100) at 127.4, is 13.1 % higher as compared to the level in the month of October, 2022. As per the provisional statistics of Indian Bureau of Mines (IBM), the cumulative growth for the period April- October, 2023-24 over the corresponding period of the previous year is 9.4 % per cent.

Important minerals showing positive growth during October, 2023 over October, 2022 include: Iron Ore (66.8%), Manganese Ore (33.1%), Gold (19.6%), Coal (18.5%), Limestone(14%), Zinc Conc.(10%), Natural gas (U) (9.9%), Magnesite (6.7%), Lead Conc.(4.7%) and Petroleum(crude) (1.3%) and Other important minerals showing negative growth include: Lignite(-0.8%) Copper Conc.(-4.6%) , Bauxite (-13.3%), Chromite (-24.2%), and Phosphorite (-38.6%).