Mining Industry

Mining Industry
The mining industry supports our everyday life. Not only, mining provides the elements for the innovations of tomorrow, but more than 40 million people around the world are directly engaged in artisanal and small-scale mining. In addition, estimations indicate that another 3.5 additional jobs are created elsewhere in the economy for every metal mining job compared to every non-metal mining job producing around 2.6 other jobs.

China Number of Employees: Coal Mining & Dressing data was reported at 2,577.000 People in Aug 2021. This records an increase from the previous number of 2,574.000 People for Jul 2021.

The mining sector in India contributes approximately four percent to the Gross Domestic Product (GDP) and is one of the largest employers in India, employing more than one million workers which are around four percent of the Indian workforce.

In 2019, there were some 673,000 people employed by the U.S. mining industry. The U.S. mining industry has been active since colonial times and continues to be an important industry.

In Australia, mining employs approximately 267,800 persons (ABS seasonally adjusted data), which accounts for 2.0 percent of the total workforce. Over the past five years, employment in the industry has increased by 23.7 percent. The median age for workers in this industry is 41 years and median weekly earnings are around $2,325 per week.

The report said 16.3 million people worked in small-scale mining in South Asia, of which 12 Million were in India, and 9.8 million people in East Asia and the Pacific, of which 9 million were in China.
Another 9.9 million people worked in sub-Saharan Africa, the report said, with 2 million in the Democratic Republic of Congo and between 1 and 1.5 million each in Sudan, Ghana, and Tanzania.

Just over 2 million people work in the industry in Latin America and the Caribbean, with 1.9 million more in the Middle East and North Africa and 100,000 in Eastern Europe and Central Asia. Thirty percent of the workers globally were women, the report found.

Aside from supporting thousands of jobs, the mining industry provides raw materials, minerals, and metals critical to our economy. They provide the foundations for modern living, innovation, and engineering achievements.

Consequently, the mining sector is pivotal to the world's economy. The revenue of the top 40 global mining companies, which represent a vast majority of the whole industry, amounted to some 656 billion U.S. dollars in 2020. The global mining market is expected to grow from $1641.67 billion in 2020 to $1845.55 billion in 2021 at a compound annual growth rate (CAGR) of 12.4%.

Saudi Arabia has a healthy reserve of untapped mining potential valued at SAR 4.88 trillion (USD $ 1.3 trillion), with 20 million ounces of below-ground gold reserves.

KSA is the largest gold producer in the Middle East with a production of around 400,000oz in 2019. The Kingdom currently accounts for a sizeable 37.9% of the Middle East and Africa's SAR 60 billion (USD 16 billion) metals and mining industry market.