Publication: Emerging Players in Global Mining
Date
2009-06
ISSN
Published
2009-06
Author(s)
Humphreys, David
Abstract
Companies from the emerging economies
are a growing feature of the global mining industry. This
document looks at who these companies are and the factors
behind their growth. The contribution of the emerging
economies to the global supply of minerals since 2000 is
striking. With their growth in production exceeding that of
the advanced economies in almost every commodity, the share
of these countries in global mineral production mounted
steadily. Several factors have combined to provide a boost
to the role and fortunes of emerging economy companies in
mining over recent years. Five of the most important are:
(i) market liberalization and privatization of state-owned
companies; (ii) privileged access of local companies to
significant and underdeveloped local resources; (iii) strong
financial positions due to the mining boom of 2003-2008;
(iv) drive for geographic and commodity diversification, at
times with tacit support of respective home governments; and
(v) strategic expansion, usually to ensure raw material
supplies for their metallurgical operations. The role of the
emerging economy countries, and of companies based in these
countries, is going to become increasingly important to the
minerals industry in coming years.
Citation
“Humphreys, David. 2009. Emerging Players in Global Mining. Extractive industries and development series;no. 5. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/18398 License: CC BY 3.0 IGO.”