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Strategies & Market Trends : India Stocks

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From: LoneClone9/13/2008 10:56:24 AM
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Indian mineral production during June 2008

steelguru.com

India’s mineral production from mining and quarrying sector in June 2008 decreased by 7.57% MoM. However the mineral sector has shown a positive growth of 4.67% during the current financial year that is April to June 2008-09 as compared to that of the previous year. The mineral production in June 2008 was also higher by 2.92% as compared to that of the corresponding month of previous year.

As per release, the total value of mineral production in the country during June 2008 was INR 7824 crore. The contribution of coal was the highest at INR 2793 crore. Next in the order of importance were, iron ore INR 1752 crore, petroleum INR 1473 crore, natural gas INR 781 crore, lignite INR 204 crore and limestone INR 214 crore. These 6 minerals together contributed about 92% of the total value of mineral production in June 2008.

Production level of important minerals in June 2008
1. Coal 34.6 million tonnes
2. Lignite 2.5 million tonnes
3. Natural gas 2540 million cubic meter
4. Petroleum 2.6 million tonnes
5. Bauxite 1.303 million tonnes
6. Chromite 0.416 million tonnes
7. Copper concentrate 8,000 tonnes
8. Gold 247 kilogram
9. Iron ore 18.5 million tonnes
10. Lead concentrate 10,000 tonnes
11. Manganese ore 0.242 million tonnes
12. Zinc concentrate 88,000 tonnes
13. Apatite & phosphorite 154,000 tonnes
14. Dolomite 297,000 tonnes
15. Limestone 17.3 million tonnes
16. Magnesite 22,000 tonnes

In June 2008, the out of copper conc. remains at the level of previous month whereas it was marginally lower in case of gold and magnesite. However, the production of iron ore decreased 1.08%, limestone 1.41%, zinc conc. 2.66%, manganese ore 4.23%, apatite & phosphorite 5.70%, coal 6.16%, petroleum 9.04%, natural gas 9.38%, chromite 10.88%, lead conc. 13.21%, dolomite 19.91%, lignite 23.31% and bauxite 36.76%.
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