World Mining Industries

By: EconomyWatch   Date: 30 June 2010

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World mining industry primarily deals with the economic perspective of mining industries dispersed all over the world. Mining industry is the basis of all industrial developments throughout the world. One of the market statistics reveal the fact that world mining industry produced more or less 6 billion tons of raw products.

World mining industry is dispersed all over the world. Some major countries, who are dominating the world mining industry include USA, Canada, Australia, South Africa, Chile, India.

A summary of world mining industry

North America: North America is the leading producer of gold and silver. Some statistical data unveil that in 1998 the raw material production of North America was valued at approximately US$ 70 billion. Approximately one million people are engaged through employment with North America mining industry. Some of the major companies engaged with North America mining industry include Barrick, Newmont and Industrias Penoles.

Europe: Europe is not normally regarded as the place of mining industry. Mining industry in Europe is normally based on base metal mines and the leading companies involved with this industry include Boliden and Outokumpu.

Asia: This continent can be regarded as the leading producer specifically of base metals, ferrous metals and coal. Most of the producers are governed by state policies. Generally foreign investors are encouraged to invest in their mining industries, specifically in India and China.

South America: South America is considered as the leading producer of base and ferrous metals, particularly copper and iron ore.

Africa: Africa is a leading producer of cobalt, gold and diamonds. Some of the leading companies include BHP Billiton , Anglo American, De Beers.

Australasia: Australasia has a major source of iron ore, base metals, and gold. Some of the leading companies engaged with mining industry include Rio Tinto, BHP Billiton, and Normandy Mining.

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