The sector plays a significant role in the country's economic development, both in economic terms and as a basis for the development of other industrial branches. The impact can be viewed through several aspects: economic contribution, infrastructure development, employment and local development, industrial base, technological development and innovation, challenges and sustainable development, geopolitical significance, etc. The modern mining sector applies advanced technologies for the exploration, exploitation and processing of mineral raw materials, which encourages technological progress and the transfer of knowledge to other areas. The major challenges include environmental protection, rational use of resources and social responsibility. A modern approach to mining implies respect for the principles of sustainable development: ecology, social acceptability and economic efficiency. Mining raw materials, especially critical and strategic minerals, is of increasing importance in international relations, which positions mining countries as important actors on the global stage. Mining contributes to GDP growth, especially in countries rich in mineral resources.
Milosevic et al. (Wed,) studied this question.