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Article

Impact of Covid-19 on the Mining Sector and Raw Materials Security in Selected European Countries

1
Division of Mineral Policy, Mineral and Energy Economy Research Institute, Polish Academy of Science, Wybickiego 7A, 31-261 Krakow, Poland
2
Faculty of Mining and Geology, University of Belgrade, 11000 Belgrade, Serbia
3
Department of Mineral Resources Engineering, Montanuniversität Leoben, 8700 Leoben, Austria
4
Economics Unit, Luleå University of Technolgy, 971 87 Luleå, Sweden
5
Faculty of Geology, Geophysics and Environmental Protection, AGH University of Science and Technology, al. Mickiewicza 30, 30-059 Krakow, Poland
*
Author to whom correspondence should be addressed.
Academic Editor: Xianlai Zeng
Received: 23 March 2021 / Revised: 15 April 2021 / Accepted: 21 April 2021 / Published: 23 April 2021
(This article belongs to the Special Issue Mineral Deposit Safeguarding in the EU)
Events that change the global economy rapidly, without warning, in principle strongly affect mining, which is one of the pillars of global development. After the first months of the Covid-19 pandemic, the mining pillar seems to be relatively stable. In this study, thanks to the meeting of an international team, it was possible to collect and compare a set of data on the impact on mining. In contrast to the general assessments of the stability of the mining sector, the authors decided to assess the impact of Covid-19 at individual stages of the mining project life cycle. In this way, it was possible to identify the most impacted fragments of the mining pillar. It was assessed that the highest influence of Covid-19 is observed in projects implementing feasibility studies and in projects for the development of new mines. The same is true of extracting residual resources in mines prior to the closure decision. The medium impact was confirmed at the exploration and discovery stage. The authors conclude that the impact on the current mining production is smaller and the effects in this case are short term, which is mainly due to a continued strong demand for minerals in China, which has balanced the weaker demand in other parts of the world. On the other hand, stopping the exploration and development of new mines will have a long-term impact, including an increased possibility of disruption of the future security of supplies of raw materials. View Full-Text
Keywords: mining project life cycle; Covid-19; raw material security; Europe mining project life cycle; Covid-19; raw material security; Europe
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MDPI and ACS Style

Gałaś, A.; Kot-Niewiadomska, A.; Czerw, H.; Simić, V.; Tost, M.; Wårell, L.; Gałaś, S. Impact of Covid-19 on the Mining Sector and Raw Materials Security in Selected European Countries. Resources 2021, 10, 39. https://0-doi-org.brum.beds.ac.uk/10.3390/resources10050039

AMA Style

Gałaś A, Kot-Niewiadomska A, Czerw H, Simić V, Tost M, Wårell L, Gałaś S. Impact of Covid-19 on the Mining Sector and Raw Materials Security in Selected European Countries. Resources. 2021; 10(5):39. https://0-doi-org.brum.beds.ac.uk/10.3390/resources10050039

Chicago/Turabian Style

Gałaś, Andrzej, Alicja Kot-Niewiadomska, Hubert Czerw, Vladimir Simić, Michael Tost, Linda Wårell, and Slávka Gałaś. 2021. "Impact of Covid-19 on the Mining Sector and Raw Materials Security in Selected European Countries" Resources 10, no. 5: 39. https://0-doi-org.brum.beds.ac.uk/10.3390/resources10050039

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