Contribution of Mining Industry in Chosen EU Countries to the Sustainability Issues

Abstract

In recent years, the mining industry has achieved an important position in the national economy due to its increasing productivity. However, since 2000, there have been signs of a slowdown, resulting from the national and local conditions of the mining industry. It is for these reasons that we have concluded that this type of industry must be assessed not only from the economic but also from the national and regional sectors, because the performance of the mining industry is directly affected by the value of mineral deposits and the structure of other industries. The present paper aims to analyze the development of the mining industry in Slovakia, in comparison with similar development in chosen European Union countries. Slovakia has been considered as a country with mineral resources and mineral-based products representing an important part of Slovakia’s foreign trade, with the significant imported mineral resources including mainly mineral fuels and ore raw materials. The development of the mining industry is assessed from the economics through the growth rate of gross domestic product (GDP) and through the national aspect through the rate of growth of the national economy. The aspects are evaluated by the multi-criteria method Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS), with which we evaluated the country with the best mining industry development. The results of detailed quantitative analyses of the selected indicators for mining industry development for individual European Union countries show a fluctuating trend during the observed period, which is characterized by development disparities. Such results can be used to determine raw material policies in the relevant countries.

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