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Role of Mining in National Economies: Mining's Contribution to Sustainable Development (2nd edition)

24 October 2014

Role of Mining in National Economies: Mining's contribution to sustainable development (2nd edition) 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. This second edition offers deeper analysis of the role of mining in poverty reduction, which is the highest priority of the Sustainable Development Goals (SDGs). This edition also includes an updated Mining Contribution Index (MCI) which ranks countries by the importance of mining and metals to each economy.

Summary

  • This report provides an overview of the nature of the mining and metals industry and its economic contribution.
  • This edition offers deeper analysis of the role of mining in poverty reduction, which is the highest priority of the Sustainable Development Goals (SDGs).
  • Section 1 provides an overview of the nature of the mining and metals industry and its contribution.
  • Section 2 describes the current global context for mining, with a review of trends in the value of world production and among major producer countries and how they have evolved in the past two years. It examines the relative roles of changes in production volumes and prices in driving production values by looking at three selected countries: Brazil (where iron ore dominates), Ghana (gold) and Zambia (copper).
  • Section 3 focuses on the elements of the economic contribution that mining makes at the national level. It discusses the major macro-level contributions from mining. It considers the challenges of obtaining reliable data on these contributions, drawing from the example of Zambia, which ranked number 1 in the original MCI (published 2012) and where ICMM applied the Mining: Partnerships for Development Toolkit (ICMM 2013).
  • A revised MCI is presented in Section 4, including a broadened scope of countries (214) and minerals.
  • Section 5 provides specific insights on mining as an economic catalyst and the role of mining and metals in poverty reduction – the priority issue of the Sustainable Development Goals.
  • Section 6, presents the perspectives of five commentators who assess the usefulness of the MCI, the data and limitations that should be addressed in the future.