What is the status of mining in the developed and developing economics of the world?

Explanation

Mining is primarily extraction of minerals from surface or beneath the Surface of the earth.s cust for further processing in industrial and other uses. It involves more of anal labour and is harzardous, so the developed economies are retreating from mining, processing and refining stages of production due to high labour costs, while the developing countries with large labour force and striving for higher standard of living are becoming more important. Several countries of Africa and few of south America and Asia have over fifty percent of the earnings from minerals alone.