Coal news and updates

Coal has topped total value of mineral produced during February 2016. Its share was 43% and was valued at Rs 8,662 crore against a total value of Rs 19,995 crore for all minerals produced during the same period. 

The index of mineral production of mining and quarrying sector for the month of February 2016 at 136.1, was 5% higher as compared to February 2015. The cumulative growth for the period April¬ February 2015¬16 over the corresponding period of previous year stands at 2.4%. Next in the order of importance was petroleum at Rs 5,266 crore, natural gas at Rs. 2063 crore, iron ore Rs 1,945 crore, lignite Rs705 crore and limestone at Rs. 512 crore. 

 

These six minerals together contributed about 96% of the total value of mineral production in February 2016. Production level of important minerals in February 2016 were: Coal 601 lakh tonnes, lignite at 51 lakh tonnes, natural gas at 2495 million cu. m, petroleum at 29 lakh tonnes, bauxite at 1827 thousand tonnes, chromite at 350 thousand tonnes, copper at 12 thousand tonnes, gold at 101 kg, iron ore at 164 lakh tonnes, lead at 21 thousand tonnes, manganese ore at 171 thousand tonnes, zinc at 90 thousand tonnes, apatite & p57 thousand tonnes, limestone 260 lakh tonnes, magnesite 22 thousand tonnes and diamond 4153 carat. 

Production of important minerals showing positive growth during February 2016 over February 2015 include Iron ore (54.8%), Chromite (43.9%), Diamond (41.0%), Bauxite (37.4%), Copper (20.2%), lignite (9.2%), lead (9.0%), magnesite (8.6%), limestone (7.0%), coal' (3.7%), natural gas (1.7%), and petroleum (0.8%).

Source: economictimes