The mining sector is a fundamental pillar of the global economy, providing raw materials such as metals, minerals, coal, and precious stones that fuel industrial activities, technological advancements, and global trade. In 2024, the global mining industry was valued at approximately $1.6 trillion, contributing around 1.7% of global GDP and employing over 30 million people worldwide in extraction, processing, and logistics roles.

Mining is essential for sectors like construction, energy, and manufacturing, and it supports the production of key materials such as iron ore, copper, gold, and lithium. The sector is projected to grow at a CAGR of 3.5%, reaching $2.3 trillion by 2030, driven by rising demand for minerals used in clean energy technologies and electric vehicle production. Leading countries in the mining industry include China, the largest producer and consumer of coal; Australia, known for its vast mineral reserves, particularly iron ore and gold; and Brazil, a major supplier of iron ore and other minerals.