ICMM's Mining Contribution Index (MCI) synthesises into a single number – and an associated ranking – the significance of the mining sector’s contribution to national economies. This provides an indication of the relative importance of mining to the economic life of a country. 

The MCI is designed to improve the understanding of the role of mining in national economies, and illustrate the importance of good mineral resource governance in ensuring that mineral wealth translates into broad-based economic and social progress.

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The Mining Contribution Index: 6th Edition

The MCI shows that between 2016 and 2019, many of the world’s poorest countries relied on the income from mining as the primary source of economic activity. As a result, 23 of the top 25 countries in this edition qualify as resource dependent using the critical applied in ICMM’s 2021 Social Progress in Mining-Dependent Countries Report. Almost two-thirds of these countries are categorised as low or lower-middle income countries.

There was a significant amount of change within the top 25 countries with 10 new entrants including Liberia, Mauritania, Uzbekistan, and Papua New Guinea. This can be attributed to their endowment of precious metals and minerals, which saw a 13% increase in global exports from 2018 to 2020. This is likely due to investors turning to these materials as a safe haven in light of uncertainty stemming from the COVID-19 pandemic. Burkina Faso took first spot, with an increase across all metal and mineral contribution indicators, and a rise in its GDP.

Read the Report

About ICMM

ICMM stands for mining with principles. We bring together a third of the global metals and mining industry, along with key partners to drive leadership, action and innovation for sustainable development, ultimately delivering a positive contribution to society. Through collaboration, ICMM member companies set the standard for responsibly produced minerals and metals in a safe, just and sustainable world.

Source: ICMM - Role of Mining in National Economies: Mining Contribution Index (6th edition)

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