the state of the worlds economy emphasis on the mining sector

The raw-materials challenge: How the metals and mining sector …

As the raw-materials supplier to the economy, the mining sector will need to grow at an unprecedented pace in order to enable the required technological shifts. The sector will be expected to move at a faster pace, despite its traditional reputation as a long lead-time, highly capital-intensive industry.

Nigerian Mining Progress, but still a long way to go.

Nigeria's Mining regulatory framework: To further attract investment, generate revenues and develop the local mining industry, the Federal Government of Nigeria has begun legal, regulatory, institutional, and fiscal reforms for the mining sector. Key initiatives in this regard include the establishment and recent automation of a cadastral

State of the Artisanal and Small-Scale Mining Sector …

Delve is an initiative to build a global platform for artisanal and small-scale mining (ASM) data. Its vision is a world in which ASM is recognized as an important contributor to global development. Recommended citation: World Bank. 2019. 2019 State of the Artisanal and Small-Scale Mining Sector. Washington, D.C.: World Bank.

Mining and Metals: Trends, Challenges and the Way Forward

The World Economic Forum convened a group of senior leaders from the Mining and Metals industry communities to explore the major challenges that will shape the industry's ongoing transformation. This report compiles their views, which together provide a foundation for both industry and non-industry stakeholders to understand the dynamic …

The impact of the coronavirus pandemic on the mining sector …

Based on that assessment, we suggest that the mining industry risks losing an estimated $30 billion to $120 billion in EBITDA in 2020 versus 2019 because of the COVID-19 crisis, despite an expected revenue loss of $90 billion to $200 billion. We believe that the mining sector will remain relatively resilient and that part of the revenue loss ...

Mining: Sector Results Profile

In response to this challenge, the World Bank's approach to mining sector reform has evolved substantially over the last 20 years. In the early years, the emphasis …

Liberia Overview: Development news, research, data | World Bank

Economic Overview. Liberia's economy expanded by 4.7% in 2023. The expansion in 2023 was driven mainly by mining, specifically gold production. Growth in the primary sector was sluggish – 1.4% as output of key agricultural products such as rubber and crude palm oil declined during the year.

The Economy of Canada: An Explainer

In 2022, the country's annual gross domestic product (GDP) was $2.14 trillion in current USD, according to the latest available World Bank data. That made Canada the world's ninth-largest economy ...

India's Mining Sector: Towards a Sustainable and Equitable …

Mining is an important activity for India. With 3527 mining leases for 40 major minerals, extending a total lease area of roughly 315,986 hectares, India is a major producer of crucial minerals. The mineral resource sector has the potential to impact environmental sustainability, social inclusion, and economic development.

Shifting strategic imperatives of the oil and gas industry | World …

The World Economic Forum's Energy Transition Index, which ranks 115 economies on how well they balance energy security and access with environmental sustainability and affordability, shows that the biggest challenge facing energy transition is the lack of readiness among the world's largest emitters, including US, China, India and …

Mining Resource Corridor development in Nigeria: critical

Mining in Nigeria. Mining in Nigeria dates back to 1902 when organised mining in its exploration stage started with the then Secretary of State for Colonies commissioning mineral surveys of the Southern and Northern Protectorates (MMSD, 2016).The first record of a mined mineral was tin ore by the Royal Niger Company in 1905 (Hodder, …

A Mining and Metals Sector Perspective

In preparing this report, the World Economic Forum conducted extensive interviews with mining executives, sector analysts, and geopolitical and security experts to uncover …

IN MINING SECTOR DIAGNOSTIC KYRGYZ REPUBLIC …

This report is the result of the Mining Sector Diagnostic for the Kyrgyz Republic carried out from April 2021 to July 2022 by a technical team led by Olle Östensson (consultant to the World Bank) and comprising Alieva Aicholpon, Altynai Sydykova and Helga Treichel (all consultants to the World Bank), under the overall guidance of Javier ...

2024 Budget highlights strains on the South African mining sector

Implementing the global minimum corporate tax. This proposes that from 1 January 2024, South African multinationals with annual revenue exceeding €750 million will have an effective tax rate of at least 15%, regardless of where the profits are earned. This is in line with the OECD's base erosion and profit-sharing framework.

Sustainability Reporting in the Mining Sector

way, the economic, environmental and social impacts of mining projects. At present, economic factors are often considered separately and final decisions fail to adequately weigh in environmental and social aspects of a proposed mine. 10 Sustainability Reporting in the Mining Sector - Current Status and Future Trends

Open Knowledge Repository

Abstract. Many low and middle-income mineral-rich countries have experienced strong growth for a decade or longer, propelled by a rapid expansion of their mineral exports and a rise in prices of these commodities. This sustained strong economic performance goes against the accepted wisdom that even though the mining sector, like other ...

2023 State of the Artisanal and Small-Scale Mining Sector

The lack of gender-sensitive language in national laws is hindering gender equality in the ASM sector. According to the report's gender assessment of 21 legal frameworks across Asia, South America, and Africa, 14 mining codes (67%) and 17 of laws (80%) concerning property rights are gender-blind or gender-neutral, leaving women behind in terms of …

Review A review of sustainable mining and resource management

1. Introduction. Materials consumption, including non-fuel minerals consumption, in developed countries such as the U.S. exceeds by orders of magnitude that of developing nations (Kesler, 2007).Because the scale of non-fuel minerals consumption in developed nations is so large, the associated environmental impacts are also large.

The Contribution of the Mining Sector to …

economic development and strong HDIs; in the latter two countries, the mining sector continues to play a leading role in economic growth more than a century after it rose to …

Sustainability | Free Full-Text | Global Mining and the Uneasy …

As transnational mining firms have sought to position themselves as drivers of sustainable development, a key component of their efforts has been the implementation of social development programs in their areas of operation. This paper situates the expansion of corporate-led development in the mining sector as part of an ongoing …

The Role of the State in Mongolia's Mining Sector

Abstract: Mining dominates the Mongolian economy, already accounting for some 80 percent of exports and contributing a quarter of gross domestic product (GDP). In July 2020, the newly elected government reaffirmed its commitment to bring into production more of Mongolia's mineral deposits and to process minerals locally instead of exporting …

KanhaiyaSingh- The mining sector

Reforms in mining Sector of India 3 abroad the mining sector as a whole require adequate liberalisation. Considerable progress has been made in this direction in several areas. Yet many vital important areas are left behind. The aim of this paper is to review the progress made in liberalisation of the mining sector and flag important aspects ...

2020 State of the Artisanal and Small- Scale Mining Sector

World Bank. 2020. 2020 State of the Artisanal and Small- Scale Mining Sector. Washington, D.C.: World Bank. Acknowledgments and key contributors: The 2020 State of the Artisanal and Small-Scale Mining Sector report is a collaboration between the World Bank's Extractives Global Programmatic Support Multi-Donor Trust Fund and Pact.

Mining Sector Strategy

2.1 Minerals and metals are critical for the transition to green and digital economies (i) As the world transitions to a low carbon and digital economy, the mining sector is entering an era of significant opportunities and complex challenges. EBRD COOs have the potential to benefit from this new context.

Political Economy of the Mining Sector in Ghana

The author may be contacted at tle@worldbank. The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished.

Mining industry worldwide

Overview. Major commodities. Financials. Companies. Outlook. Mining exploration budgets increase worldwide by country 2021. Find the most important statistics and facts on the global mining...

The Impact of Mining sector to the Namibia economy

• Namibia's mining sector is mainly composed of diamond, uranium, metal ores and other mining1 and quarrying sub-sectors. The mining sector's average annual contribution to GDP during the review period was 11.1%. However, it has remained constant between the start and end of the review period, from 14.9% in 1990 to 14.0% in 2018.

Climate-Smart Mining Initiative Overview

The Climate-Smart Mining Initiative will help resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint. Climate-Smart Mining report highlights the rising demand for critical minerals due to clean ...

Mining and Local Economic Development

The toolkit provides guidance on how the public sector, mining businesses, and local communities can work together to create better conditions for local economic growth and …

The Role of Mining in the Economies of Developing …

Chapter. The Role of Mining in the Economies of Developing Countries: Time for a New Approach. Keith Slack. Chapter. First Online: 01 January 2009. 2528 …