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World Mining
- Overview

The mining industry has been key to the development of civilisation, underpinning the iron and bronze ages, the industrial revolution and the infrastructure of today's information age. In 2001, the mining industry produced over 6 billion tons of raw product valued at several trillion dollars. Downstream beneficiation and minerals processing of these raw materials adds further value as raw materials and products are created to serve all aspects of industry and commerce worldwide.

The last decade of the twentieth century saw the creation of mega-commodity corporations that increasingly moved downstream into the beneficiation area, leaving exploration for new mineral deposits increasingly to small junior mining companies. Application of new technology has led to productivity gains across the value chain.

Apart from Antarctica (which has a treaty in place preventing short to medium term exploitation and exploration of minerals), mining takes place in all of the world’s continents. Traditional mining countries such as the USA, Canada, Australia, South Africa and Chile dominate the global mining scene. These countries have become the traditional leaders in mining and exploration methods and technology. Exploration and development funding has changed over the past few years with emphasis shifting to areas that have been poorly explored or have had poor access for reasons of politics, infrastructure or legislation. Gold, base metal, diamonds and platinum group elements (PGE’s) are the more important commodities explored for and developed globally.

North America:

North America is the major producer of gold and silver. Raw mineral production in 1998 was valued at approximately US$ 70 billion. The industry employs approximately 1 million people. Major companies include Barrick, Newmont and Industrias Penoles

Europe:

Europe is not a major mining center. However, it has several established base metal mines in Scandanavia, Ireland and the Iberian Peninsula. Major companies include Boliden and Outokumpu.

Asia:

Asia is a major producer of base metals, PGE’s, ferrous metals and coal. Most major producers are state controlled, but foreign investment is being encouraged, in particular by China, India and the CIS.

South America:

South America is a major producer of base and ferrous metals, in particular copper and iron ore. Major companies include Codelco, Barrick, CVRD, Newmont and Rio Tinto.

Africa:

Africa is a major producer of cobalt, gold, PGE’s and diamonds. Mining accounts for a substantial proportion of several countries GDP’s. Major companies include Anglo American, De Beers and BHP Billiton.

Australasia:

Australasia is a leading producer of iron ore, gold and base metals. Major companies include BHP Billiton, Rio Tinto and Normandy Mining.

The following table summarises the global mining industry by commodity:

Antimony

Production (2007): 135 Mt
Major Countries: China, Bolivia, South Africa
Major companies: Metorex, Emusa
Key uses: Flame retardants, semi conductors

Bauxite

Production (2007): 190 Mt
Major Countries: Australia, China, Brazil, Jamaica
Major companies: CBG, Rio Tinto Alcan
Key uses: Aluminium production

Chromite

Production (2007): 5.85 Mt
Major Countries: South Africa, Kazakhstan and Turkey
Major companies: Samancor, Assmang
Key uses: Stainless steel production, superalloys

Coal

Total Production (2007): Approx. 5370 Mt
Major Countries: USA, China and India
Major companies: China Coal Energy Company, BHP Billiton, Anglo Coal, Coal India
Key uses: Energy generation

Cobalt

Production (2007): 62 300 t
Major Countries: Zambia, DRC and Russia
Major companies: Gecamines, Norilsk Nickel
Key uses: Metal alloys

Copper

Mine production (2007): 15.5 Mt
World demand (2007): 18.12 Mt
Major Countries: Chile, Australiaand Canada
Major companies: Codelco, Rio Tinto, Grupo Mexico, Xstrata and BHP Billiton
Key uses: Electrical applications, construction

Diamonds

Production (2007): 168.0 Mct
Value US$ (2007): $ 13 billion
Major Countries: Botswana, Russia, Australia
Major companies: De Beers, Rio Tinto, Alrosa
Key uses: Jewellery, abrasives

Gold

Mine Production (2007): 2 476 t
Total Demand (2007): 3 518 t
Major Countries: China, South Africa, Australia
Major companies: AngloGold, Barrick, Newmont
Key uses: Jewellery, Investments

Iron ore

Production (2007): 1,600 Mt
Major countries: Australia, Brazil, China
Major companies: Vale (formerly CVRD), BHP Billiton, Rio Tinto
Key uses: Steel industry

Lead

Mine Production (2007): 3.55 Mt
Major Countries: Australia, China and USA
Major companies: BHP Billiton, Rio Tinto, Pasminco, Xstrata
Key uses: Motor vehicle batteries, chemical

Manganese

Mine production (2007): 11.6 Mt
Major Countries: South Africa, Australia, Gabon,
Major companies: Samancor, Assmang, Comilog
Key uses: Ferroalloys

Molybdenum

Production (2007): 187 000 t
Major Countries: USA, China and Chile
Major companies: Freeport McMoRan, Codelco
Key uses: FerroAlloys

Nickel

Production (2007): 1,660 Mt
Major Countries: Russia, Canada, South Africa
Major companies: BHP Billiton, Norilsk Nickel, Vale
Key uses: Stainless steel, batteries, fuel cells

Palladium

Total Supply (2007): 232 000 kg
Major Countries: South Africa and Russia
Major companies: Anglo Platinum, Norilsk Nickel,Impala Platinum
Key uses: Motor vehicle catalysts, electronic

Phosphates

Production (2007): 147 Mt
Major Countries: USA, Morocco, China
Major companies: Potash Corporation of Saskatchewan, OCP
Key uses: Fertiliser applications

Platinum

Mine Production (2007): 6.66 Moz
Total Demand (2007): 7.03 Moz
Major Countries: South Africa and Russia
Major companies: Anglo Platinum, Norilsk Nickel, Impala Platinum and Lonmin
Key uses: Motor vehicle catalysts, jewellery

Silver

Mine Production (2007): 20 500 oz
Major Countries: Mexico, Peru, Australia, China
Major companies: Industrias Penoles, BHP Billiton
Key uses: Electronics, photographic, jewellery

Tantalum

Production (2007): 4.5 Mt
Major countries: Brazil, Canada, Australia
Major companies: Gippsland Ltd, Talison Minerals, Paranapanema Group
Key uses: Electronic components; alloys

Tin

Production (2007): 300 000 t (Primary and Secondary sources)
Major Countries: China, Indonesia, Brazil
Major companies: PT Timah Tbk , Yunnan Tin, Minsur
Key uses: Packaging, alloys

Titanium

Production (2007): 11 700 Mt (Ilmenite and Rutile)
Major Countries: Australia, South Africa, Canada
Major companies: BHP Billiton, Anglo American, Iluka Resources
Key uses: Pigments and alloys

Tungsten

Production (2007): 89 600 t (concentrate)
Major Countries: China and Russia
Major companies: Mainly state owned
Key uses: FerroAlloys, filaments

Uranium

Production (2007): 41 279 tU
Major Countries: Canada, Australia, Kazakhstan
Major companies: Areva Resources, Cameco
Key uses: Power generation, medical

Vanadium

Mine Production (2006): 62.4 Mt (Vanadium pentoxide)
Major Countries: South Africa, Russia, China
Major companies: Highveld Steel and Vanadium, Xstrata,
Key uses: FerroAlloys

Zinc

Mine Production (2007): 10.944 Mt
Metal Consumption (2000): 8.8 Mt
Major Countries: Australia, China and Peru
Major companies: Glencore, Teck Cominco, Xstrata
Key uses: Galvanising, alloys

Zirconium

Supply (2007): 1 240 Mt
Major Countries: South Africa, Australia, China
Major companies: BHP Billiton, Anglo American, Iluka Resources
Key uses: Foundry applications, alloys
 
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Information Source: MBendi - Modified: 21.Nov.2008
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