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Metals and mining
Mining & Metals are the backbone of the global economy. Standing at the beginning of most value chains, the Mining & Metals industry is a critical supplier of essential inputs and a global generator of trade and employment. It also has important environmental, fiscal and social effects, and acts as a catalyst for the economic progress of numerous mining-dependent countries in the world.
The Mining & Metals industry comprises the extraction of useful minerals from the ground, including oil and gas, coal, metal ores and non-metallic minerals, and related support activities. It also includes activities lower down the supply chain, such as metal processing, manufacturing of metals and a variety of fabricated metal products, such as cutlery, metal structures, boilers, tanks and ammunition.
Hungary’s mining and quarrying sector accounted for less than 1% of GDP in 2015. The output of the sector fell by 11.8% y/y in 2015 and the downward trend continued in the first seven months of 2016 with a decline of 27.6% y/y. The decrease was ...
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The coal mining sector stands for just over 3% of Poland’s GDP, but it remains important for the labour market as it employs nearly 100,000 people. Since the government is looking to help out the ailing and mostly state-owned coal companies ...
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Romania is rich in mineral resources such as fossil fuels, salt, gold, silver and non-ferrous metals. Its has the largest oil and natural gas reserves in CEE, however, current production levels are not enough to make the country self-sufficient, thus ...
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Turkey ranks 28th in global mining production and is 10th in the world in terms of variety of underground resources. The country possesses 2.5% of global industrial mineral reserves and 0.4% of world's metallic mineral reserves. It has large amounts ...
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