MINING FIRM
GOVT REVENUE
National
Local
PROFITS
Equity
Debt
Others
COMMUNITY IMPACT
HRVs
Environment
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
$4.4B
gross production value (2014) $1.9B gross value-added (2014)
$43B mineral exports (since 1970)
235K
mining & quarrying employment (2014)
PROFITS
Equity
Debt
Others
1) Mining firms and mining investors gain • Resource exploitation • Undervalued minerals
* public/private equity * public/private debt * royalty/stream financing
$1.2B net income, mining Top 1000 firms (2013)
$560M
net income, mining & oil listed firms (2014)
$4.3B
total mining investment (2011-2014)
COMMUNITY IMPACT
HRVs
Environment
2) At expense of communities • Impact on health & livelihoods • Human rights violations • Damage to environment
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
3) Advanced industrial economies gain – amid overall economic offensive • Backward linkages – ex. mining equipment • Forward linkages – ex. manufacturing, utilities,
military • Horizontal linkages – ex. transport
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
Quantitatively small share of economy but qualitatively significant across industrial, agricultural & service sectors
ESSENTIAL, NO SUBSTITUTES
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
Metals input in $1 of final output (2012)
($)
Electrical equipment, appliances & components
0.45
Machinery 0.42 Motor vehicles 0.34 Other transport equipment 0.26 ConstrucCon 0.14 Computers and electronic products
0.12
UCliCes 0.04
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
US mining to manufacturing
(2013)
Value-‐added
($ billion)
Direct employment
(‘000) Manufacturing 2,100 12,161
Fabricated metals
137 1,456
Primary metals
66 401
Support acCviCes
67 436
Mining 96 212
$2.5 trillion contribution to US GDP
of industries using minerals
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
Top 10 materials Tons (‘000)
Aluminum 275
Copper 106
Lead 88
Fluorspar 57
Zinc 51
Rubber 30
Manganese ore 25
Nickel 17
Chromium ferro 9.7
Chromite 9.6
750,000 tons amount of minerals
used by US MILITARY annually
GOVT REVENUE
National
Local
4) With collaboration of govt • Promotes mining profits &
foreign industries... • ... at expense of national devt
MINING FIRM
GOVT REVENUE
National
Local
PROFITS
Equity
Debt
Others
COMMUNITY IMPACT
HRVs
Environment
MINERAL PROCESSING
MINING INPUTS
INDUSTRIAL
USES
• Locate mining industry issues in overall national development framework
• Responsible intervention by a democratic state, especially after 3 decades of globalization policies
• Challenge hegemony of neoliberalism
www.invesCgaCvedashboard.org
strategiccorporateresearch.org
opencorporates.com
invesCng.businessweek.com
www.bloomberg.com/research/company/overview/overview.asp
offshoreleaks.icij.org
sedar.com
edgar.com
taxjusCce.net
archive.org