Mining Materials & Metals

What is the mining and metals industry?

Metal Mining Industry engaged in mining, developing mines, or exploring for metallic minerals (ores). These ores are valued chiefly for the metals contained, to be recovered to be used intrinsically or as constituents of alloys, chemicals, pigments, or other products.

How much does mining contribute to GDP?

The mining sector is pivotal to the world's economy. The revenue of the highest 40 global mining companies, which represent a huge majority of the entire industry, amounted to some 692 billion U.S. dollars in 2019Australia's mining industry has delivered a 10.4 percent share of the Australian economy in 2019-20, making it the largest economic contributor with a $202 billion GDP

What are the components of the mining industry?
The three major components of mining
1. Exploration
2. Mining
3. processing

After a mineral deposit has been identified through exploration, the industry must make a substantial investment in mine development before production begins.
The world’s biggest metals and mining companies
1. Glencore – $215.1bn
2. China Minmetals Corporation – $85.86bn
3. ArcelorMittal – $70.62bn
4. POSCO – $55.58bn
5. BHP – $44.2bn
6. Rio Tinto – $43.17bn
7. Vale SA – $37.57bn
8. Jiangxi Copper – $34.28bn
9. Anglo American – $29.87bn
10. Aluminum Corporation of China – $27.3bn

What are the biggest mining companies in Australia?
1. BHP Group
2. Rio Tinto
3. Fortescue Metals
4. Newcrest Mining
5. South32
6. Evolution Mining.

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