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Role of Mining in National Economies: Mining's Contribution to Sustainable Development (1st edition)

16 October 2012

Role of Mining in National Economies: Mining's contribution to sustainable development (Romine) draws attention to the significant contribution of mining and metals to the global economy and to the economies of an increasing number of low- and middle-income countries.

Summary

  • This report provides an overview of the nature of the mining and metals industry and its economic contribution.
  • The mining industry is a major force in the world economy, occupying a primary position at the start of the resource supply chain. However, its role in contributing to the national economies of different countries varies greatly and is neither well documented nor well understood.
  • This publication provides a global context for mining’s economic contribution that shows trends in the value of world production and identifies major producer countries.
  • The focus of this research is on the elements of economic contribution at the national level. The Mining Contribution Index (MCI) has been developed to explore this contribution and each of the world’s 212 countries is compared using this index. The data in this report covers 2000-2010, a period when commodity prices were generally strong.