World’s largest gold consumer India remained a minnow in production of the yellow metal as the country only managed to produce 150 kg of gold during December 2012.
According to official figures from the Minerals ministry, gold production gained by 7.9% during the period while diamond production climbed by 14.9% to 2367 carat in December 2012.
The index of mineral production of mining and quarrying sector in December 2012 was higher by 7.9% compared to that of the preceding month.
The mineral sector has shown a negative growth of 4.0% during December 2012 as compared to that of the corresponding month of previous year.
The total value of mineral production (excluding atomic & minor minerals) in the country during December 2012 was Rs. 18195 crore.
In December 2012 the output of magnesite increased by 16.9%, lignite 16.9%, coal 15.8%, chromite 15.2%, diamond 14.9%, bauxite 11.9%, manganese ore 8.3%, iron ore 5.8%, copper conc. 3.7%, zinc conc. 3.2%, petroleum (crude) 3.2% and natural gas (utilized) 2.6 percent.
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