A new report prepared by the MPA, on behalf of the CBI Minerals Group, shows how critical the UK mineral extraction industry, particularly the non-energy sector, is to the economy. Mineral extraction contributes to the UK economy by underpinning £235bn in value added, representing 16% of the total UK economy. 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.
This innovative report follows and complements the recent report published by the UK Minerals Forum “The Future of our Minerals”. Together, these 2 reports aim to set the scene for the development of a UK Minerals Strategy, which will be published in 2016.
Read the report by using the following link: www.mineralproducts.org/documents/CBI_UK_Mineral_Extraction_Industry_2016.pdf