Mineral output slumps 14.5 percent in April

July 4th, 2011 - 4:56 pm ICT by IANS  

New Delhi, July 4 (IANS) Mineral production declined 14.52 percent in April compared to the preceding month due to sharp drop in the output of coal, bauxite and copper, official data showed Monday.

Coal production slumped 32.81 percent at 407 lakh tonnes and production of bauxite fell 18.23 percent at 1,041 thousand tonnes in the reporting month, according to data released by the ministry of mines.

Production of lead concentrate fell 18.34 percent, magnestie 12.87 percent, copper concentrate 8.56 percent and zinc concentrate 7.86 percent.

Mining of gold dropped 1.17 percent while the output of diamond remained unchanged at nine carat.

However, output of iron ore increased by 1.63 percent at 194 lakh tonnes.

The overall index of mineral production of mining and quarrying sector dropped 14.52 percent in April month-on-month basis.

However, the mineral sector has shown a positive growth of 2.15 percent during April 2011 as compared to that of the corresponding month of previous year.

The total value of mineral production, excluding atomic and minor minerals, was Rs.16,317 crore in April. The contribution of petroleum (crude) was the highest at Rs.5,329 crore (33 percent), follwed by iron ore Rs.4,275 crore, coal Rs.3,915 crore and natural gas Rs.1,251 crore.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |