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The index of mineral production of mining and quarrying sector in April 2011 was lowered by 14.52% compared to that of the preceding month. However, on the back of stable demand for minerals from the industry, the mineral sector has shown a positive growth of 2.15% during April 2011 as compared to that of the corresponding month of previous year. The statement released by the Ministry of Minerals, said, “the mineral sector has shown a positive growth of 2.15% during April 2011 as compared to that of the corresponding month of previous year”.
The total value of mineral production (excluding atomic and minor minerals) in the country during April 2011 was Rs 16317 crore. The contribution of petroleum (crude) was the highest at Rs 5329 crore (33%). Next in the order of importance were coal Rs 3915 crore, iron ore Rs 4275 crore, natural gas (utilized) Rs 1251 crore, lignite Rs 399 crore and limestone Rs 305 crore. These six minerals together contributed about 95% of the total value of mineral production in April 2011.
In terms of production, about 407 lakh tonnes of coal was produced in April. Production of lignite 39 lakh tonnes, natural gas (utilized) 4020 million cu.m., petroleum (crude) 32 lakh tonnes, bauxite 1041 thousand tonnes, chromite 358 thousand tonnes, copper conc. 11 thousand tonnes, gold 253 kg., iron ore 194 lakh tonnes, lead conc. 14 thousand tonnes, manganese ore 231 thousand tonnes, zinc conc. 127 thousand tonnes, apatite and phosphorite 221 thousand tonnes, dolomite 437 thousand tonnes, limestone 222 lakh tonnes, magnesite 23 thousand tones and diamond 9 carat.
In April 2011, the output of iron ore increased by 1.63%. The production of diamond remains at the level of previous month. However, the production of lignite decreased by 0.97%, apatite and phosphorite 0.99%, gold 1.17%, manganese ore 1.34%, limestone 2.03%, petroleum (crude) 3.89%, natural gas (Utilized) 4.03%, dolomite 4.29% Zinc conc. 7.86%, copper conc.8.56%, chromite 8.75%, magnestie 12.87%, bauxite 18.23%, lead conc.18.34% and coal 32.81 percent.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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