Such a measure will inevitably destroy the sector, cause a collective loss of over 16200 cr to the exchequer of mining predominant states and endanger livelihoods of over 5 lac mining dependents across the states, it said.
Public sector mining major NMDC has recorded a 42.4 per cent jump in iron ore production to 3.09 million tonnes (MT) in July this year, compared to the corresponding figure of 2.17 MT in the same month last year.
The Ministry of Mines on Wednesday informed that the index of mineral production for the mining and quarrying sector for March this year stood at 156.8, increasing by 0.4 per cent over March 2024.
Production of some key minerals in the country witnessed strong growth in FY 2024-25 after reaching record production levels in FY 2023-24, with the Iron ore accounting for 70 per cent of the total Mineral Conservation and Development Rules (MCDR) mineral production by value.
The production of key minerals such as iron ore, manganese ore, bauxite and lead in the country have recorded a robust growth in financial year 2024-25 after reaching record production levels in FY 2023-24, according to a statement issued by the Ministry of Mines
The production of iron ore has recorded an uptick of 4.4 per cent in April to February period of Financial Year 2025 to 263 million metric tonne (MMT) from 252 MMT as compared to the last period, provisional data released by the government said.
During the Financial Year 2024-25 (April-December), the production of some key minerals in the country has continued to witness strong growth.
The production of some key minerals in India has continued to witness strong growth after reaching record production levels in FY24, the Ministry of Mines said in a statement on Friday.
NMDC Ltd, India’s largest iron ore producer and a Navratna public sector enterprise, has allocated Rs 2,200 crore for FY25 to establish a slurry pipeline and new processing plants.
The Navrathna PSE’s strategic investment plan focuses on boosting production capacity and improving evacuation infrastructure.
