In 2019, the global mining industry reported total revenues of almost 1.6 billion U.S. dollars. Projections made based on the impact of the COVID-19 pandemic on the mining business indicated that on a muted recovery from the pandemic, this industry's revenue will amount to some 1.24 billion U.S. dollars in 2020, and 1.3 billion U.S. dollars in 2021.
Only under a scenario where the virus is successfully contained and there is a strong rebound would the global mining industry revenue recover by 2021 to levels similar to 2019.
Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario
(in million U.S. dollars)
Characteristic
Muted recovery
Virus contained, slow recovery, strong world rebound
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McKinsey & Company. (May 11, 2020). Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/
McKinsey & Company. "Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario (in million U.S. dollars)." Chart. May 11, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/
McKinsey & Company. (2020). Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/
McKinsey & Company. "Revenue Change Projections of The Mining Industry Worldwide from 2019 to 2021, by Scenario (in Million U.S. Dollars)." Statista, Statista Inc., 11 May 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/
McKinsey & Company, Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/ (last visited November 10, 2024)
Revenue change projections of the mining industry worldwide from 2019 to 2021, by scenario (in million U.S. dollars) [Graph], McKinsey & Company, May 11, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168807/global-mining-industry-revenue-change-covid-19-by-scenario/
