Ministry of Mines: December 2023 Mineral Production Report

Key Points:

• Index of mineral production grew by 5.1% in December 2023 compared to December 2022.
• Cumulative growth for April-December 2023-24 is 8.5% over the previous year.
• Production levels of important minerals in December 2023: Coal, Lignite, Petroleum (crude), Iron ore, Limestone, Natural gas (utilized), Bauxite, Chromite, Copper conc., Lead conc., Manganese ore, Zinc conc., Phosphorite, Magnesite, Gold.
• Minerals showing positive growth: Magnesite, Lead Conc., Lignite, Copper Conc., Limestone, Coal, Zinc Conc., Bauxite, Natural gas (U), Manganese Ore, Iron Ore.
• Minerals showing negative growth: Petroleum (crude), Gold, Chromite, Phosphorite, Diamond.

Important Dates: December 2023, April-December 2023-24

Potential Exam Questions:

• What was the percentage growth in mineral production in December 2023 as compared to December 2022?
• List three minerals that showed positive growth in December 2023.
• Discuss the significance of the cumulative growth rate for April-December 2023-24.

Strategies and Methodologies:

Understanding the key minerals and their production trends is essential. Analyzing growth rates and identifying factors influencing positive or negative growth can aid in predicting market trends.

It's crucial to monitor the production levels of vital minerals to gauge economic health and resource sustainability. - Ministry of Mines

Summary:

The Ministry of Mines reported a 5.1% growth in mineral production in December 2023, with positive increases in key minerals. Understanding these production trends and growth rates is vital for competitive exams in the government sector, emphasizing the importance of monitoring mineral resources for economic and industrial insights.