Production value of leading mining countries worldwide | Statista (2024)

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Production value of leading mining countries worldwide | Statista? ›

In 2020, China was by far the world's leading mining country based on mineral production value, reporting over 217 billion U.S. dollars in metallic mineral and coal production value. The United States was ranked third, accounting for almost 55 billion U.S. dollars in mineral production value the same year.

China is the world's largest gold producer at around 13% of global output. Other major gold-mining countries in order include Russia, Australia, the United States and Canada. Top global gold mining companies include Newmont, Barrick Gold, AngloGold Ashanti, Polyus, and Gold Fields.

The global mining market grew from $2022.6 billion in 2022 to $2145.15 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%.

In 2023, Chinese lead mines produced an estimated 1.9 million metric tons of lead, making China the world's leading producer of this base metal from mines.

Measured by revenue, the top company active in mining worldwide was Glencore, generating some 256 billion U.S. dollars in 2022. However, a large share of Glencore's revenue comes from commodity trading.

The Democratic Republic of Congo is considered the world's richest country in terms of wealth in natural resources. Most of the raw mineral deposits remain untapped and are worth an estimated $24 trillion. These deposits include the world's largest coltan reserves and considerable amounts of cobalt.

The mining sector employed approximately 574,200 jobs, or 0.4 percent of all total nonfarm employees in 2022, and contributed 1.9 percent to GDP.

The positive effects of mining on the economy have been significant and long-lasting. In Australia, the resources sector generated $271 billion in export revenue in 2020, which was more than $3 for every $5 raised, according to a Minerals Council of Australia analysis of ABS figures.

Today, there are nearly 13,000 active mines in the US as of 2019, valuing at $61 billion. Most common commodities produced in by the US mining industry include: Metals (iron, copper, steel, uranium) Precious metals (gold, silver, platinum)

Which country is currently the largest producer of gold in the world? ›

China – 368.3 tons

China is the largest global gold producer, accounting for 11% of production worldwide. In recent years, the levels of gold reserves decreased from 383 to 368 tons.

Gold production ranked by major countries 2023

In 2023, China's mines produced an estimated 370 metric tons of gold. Accordingly, China is the largest gold producer in the world.

China currently leads the world in gold production, followed by Russia and Australia.

Cumulatively, the top 5 Mining companies in the world had a total market cap of $513,431 million (as of December 31, 2022), with BHP having the highest ($156,676 million), followed by Rio Tinto ($116,178 million), and Glencore Plc ($85,035 million), while China Shenhua Energy Co Ltd is the lowest ($75,189 million).

Vancouver is the mining capital of the world with over 800 miners and juniors headquartered in the city.

Global natural resource value leading countries 2021. As of 2021, Russia held natural resources amounting to an estimated total value of 75 trillion U.S. dollars.