The global metals & mining industry grew by 21.5% in 2011 to reach a value of $2,997.1 billion. By 2016, it is forecast to have a value of $4,988.5 billion.
Iron & steel is the largest segment, accounting for 64.1% of the global industry's total value. Asia-Pacific accounts for 65.1% of global value. The industry is strongly affected by commodity prices and cyclical economic swings. (Source: Global Metals & Mining Industry, Business Source Complete)
|California Dept. of Conservation|
In Canada, the combined TSXV and TSX are the world's leading stock exchange for mining companies. The industry employs 308,000 workers in mineral extraction and in value-added smelting, fabrication and manufacturing areas. The industry’s $36 billion contribution to Canada’s gross domestic product in 2010 included $8 billion in mineral extraction and $28 billion in mineral processing andmanufacturing. (Source, Mining Association of Canada)
Mineral exploration and mining are important economic drivers for British Columbia. In 2011, the mining industry increased its production value by 20 per cent to approximately $8.6 billion. Exploration spending rose to more than $460 million, up 35 per cent from 2011. The BC mining sector also invested over $2 billion in 2011, an increase of $700 million from the previous year, to upgrade capital equipment, expand existing operations and develop new mines. And more than 29,000 people were employed in mineral exploration, mining and related sectors, mostly in rural British Columbia. (Source: BC Mineral and Exploration Strategy)
This guide provides selected resources about mining as an industry, not mining engineering. Topics include terminology, stages of developing a mine, financing, companies, and aboriginal, environmental and societal issues.
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