Consider the following statements

1. Coal and Iron Ore collectively constituted over 92 per cent in terms of volume of the total mineral production in Odisha in 2022-23.

2. Odisha has half of the total iron ore reserves in the country.

Which of the following statements are correct?

Correct option is A

• Coal and Iron Ore collectively constituted over 92 per cent in terms of volume and 88 per cent in value terms of the total mineral production in Odisha in 2022-23. While iron ore alone accounted for 38.7 per cent of total mineral production in the State, it accounted for 62.1 per cent of total value of minerals in 2022-23 owing to high value nature of the commodity. On the other hand, coal has a share of 53.8 per cent in total quantity of mineral production and 26.2 per cent in value.

• Odisha has one-third of the total iron ore reserves in the country. Iron ore production in Odisha increased from 53.3 million tonnes in 2014-15 to 155.3 million tonnes in 2022-23 growing at a CAGR of 14.3 per cent.

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