This statistic shows the gross output of the U.S. mining industry from 1998 to 2011. In 1998, the gross output of this industry came to around 146.6 billion U.S. dollars.
U.S. mining industry
The mining industry in the United States is a huge sector – especially when oil and gas extraction is included. In 2011, the industry generated a gross output of more than half a trillion U.S. dollars. Back in 2000, this figure stood at just 200 billion. The value added through this industry was nearly 290 billion U.S. dollars, while this figure was around 110 billion twelve years earlier. Employment in this industry has steadily been increasing over time. In 2001, employment stood at 540 thousand, a decade later this figure had increased to almost 730 thousand.
The leading U.S. metal and mineral mining companies are Alcoa from Pittsburgh, Nucor from Charlotte, Freeport-McMoRan from Phoenix, and Newmont Mining from Denver. Alcoa is a major player in the aluminum business, covering all segments of production from mining to recycling. In 2012, this company generated 23.7 billion U.S. dollars in revenue.
However, U.S. companies are not among the top five mining companies worldwide. The most predominant company worldwide is British-Swiss corporation Glencore International, which is active in every segment of the commodity business. In total, Glencore made approximately 220 billion U.S. dollars worth of revenue. Although, a large part of this amount was not made from businesses connected with mining. Globally, the top 40 mining companies made more than 500 billion U.S. dollars of revenue together.