Poland contributed 3.8% of the world’s copper ore reserves, according a new report by the UK based research firm BRICdata.
Coal and metallic minerals categories dominate the mining sector in Poland, and the country is the largest producer of copper and coal in Europe.
During the review period 2007-2011, the value of the country’s mining industry grew at a compound annual growth rate of 1.18%.
The Polish mining industry contributes 2% of the country’s gross domestic product.
The country’s mineral production volume registered a decline of 4.6% in 2009 over 2008, while the value of production declined by 3.8%.
Poland also contributed 2% of its lead ore reserves and was the ninth-largest producer of lead ore and the eleventh-largest producer of copper across the globe.
The disinvestment process is a key element in the country’s transition from a planned economy to a market economy, the report said.
The full report, ‘The Polish Mining Industry Outlook – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016’ is available from BRICdata. Click here for more details.