U.S.: mining industry value added 2022 | Statista (2024)

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U.S.: mining industry value added 2022 | Statista? ›

In 2022, the value added of the United States mining industry (including oil and gas extraction and support activities for mining) amounted to over 457 billion U.S. dollars. That was a notable increase from the previous peak in 2014, at over 417 billion U.S. dollars.

The value added of the U.S. mining industry was 457 billion U.S. dollars in 2022, while this figure was around 81 billion in 1998. In 2000, U.S. mining employment stood at 521,000.

The brand value of the mining sector worldwide amounted to some 74.95 billion U.S. dollars as of 2023.

The mining sector employed approximately 606.9 thousand jobs, or 0.5 percent of all total nonfarm employees in 2023, and contributed 1.4 percent to GDP.

An annual growth rate of 2.72% is expected (CAGR 2024-2028).

The mining industry in the USA is incredibly important. Not only does this industry generate a lot of income for the country, as well as offering employment to many people, but it is also indispensable because of the amount of minerals consumed by the USA.

Carlin Mine in Nevada, United States, was the largest gold-producing mine in the North America, producing approximately 14.71 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) in 2021 and an estimated 1,333 thousand ounces of Gold in 2021.

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.

Mining increased in 43 states. This industry was the leading contributor to growth in seven states including North Dakota, Texas, Wyoming, Alaska, and Oklahoma, the states with the first-, second-, third-, fourth-, and fifth-largest increases in real GDP, respectively.

Does mining help the economy? ›

By providing essential raw materials for manufacturing, construction, and energy production, mining acts as a catalyst for economic progress. The growth of mining activities often leads to the establishment of downstream industries, creating a ripple effect throughout the economy.

Global leading mining countries based on mineral production value 2020. 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.

Gone are the days when miners could simply explore for minerals. Looking ahead, successful miners will be those that also mine for innovation. Mining for innovation means organizations must develop new products and processes internally to maximize financial and talent resources.

Mining can cause erosion, sinkholes, loss of biodiversity, or the contamination of soil, groundwater, and surface water by chemicals emitted from mining processes.

Abandoned mines can affect communities nearby

There are at least 22,500 abandoned hardrock mine features—such as pits or tunnels— on federal lands. They pose risks to human health and the environment because they can leak toxic chemicals (like arsenic) into waterways.

The most expensive mineral in the world is Jadeite, coming in at a whopping $3 million per carat. What makes ...

Domestic Reserves

In general, the United States does not lack mineral resources. For example, it has resources of 43 mineral commodities with high NIR. Reserves, on the other hand, are related to domestic production. Of the 26 mineral commodities with reserves estimates, 19 are produced domestically.

The market size, measured by revenue, of the Coal Mining industry was $30.1bn in 2023. What was the growth rate of the Coal Mining industry in the US in 2023? The market size of the Coal Mining industry declined -12.2% in 2023.

Consequently, the mining sector is pivotal to the world's economy. The revenue of the top 40 global mining companies, which represent a vast majority of the whole industry amounted to a record 943 billion U.S. dollars in 2022.

What is the net worth of the gold mining industry? ›

The Gold Mining Market size was valued at USD 201.2 Billion in 2022.