A key new report shows how critical the UK mineral extraction industry, particularly the non-energy sector, is to the British economy.
Prepared by Mineral Products Association (MPA) on behalf of the CBI Minerals Group, The UK Mineral Extraction Industry found that when including products manufacture and direct markets, mineral extraction contributes €310.2 billion (£235 billion) in value added to the UK economy - 16% of its overall total.
By looking at historical and current production patterns this r
February 4, 2016
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A key new report shows how critical the UK mineral extraction industry, particularly the non-energy sector, is to the British economy.
Prepared by 2897 Mineral Products Association (MPA) on behalf of the CBI Minerals Group, The UK Mineral Extraction Industry found that when including products manufacture and direct markets, mineral extraction contributes €310.2 billion (£235 billion) in value added to the UK economy - 16% of its overall total.
By looking at historical and current production patterns this report illustrates that minerals are essential, providing the foundations for every sector of the economy by supplying vital raw materials at the heart of UK growth.
New findings in the MPA compiled report also reveal that UK Minerals extraction generates a turnover of €19.8 billion (£15 billion), and €6.6 billion (£5 billion) in Gross Value Added (GVA). Furthermore, minerals extraction directly employs 34,000 people, and supports 4.3 million jobs through its supply chain.
