South Korea Minerals and Mining Tenders

South Korea's minerals and mining market is projected to reach 5,308.0 million kg in 2023, with an expected CAGR of 3.28% between 2023 and 2028. This growth is driven by the country's high demand for minerals used in electronics, construction, and other industries.

The South Korean government plays a significant role in the minerals and mining market through its procurement activities. In 2019, the government spent $85.4 billion on mineral imports, making it one of the largest importers of minerals in the world.

The main minerals and mining products and services procured by the South Korean government include:
Crude petroleum ($70.3 billion in 2019)
Bituminous coal ($13.1 billion in 2019)
Refined indium (23% of global production in 2019)
Refined cadmium (18% of global production in 2019, excluding the US)
Mined zeolites (13% of global production in 2019)
Mined talc and pyrophyllite (5% of global production each in 2019)

The top authorities for South Korea minerals and mining procurement include:
Ministry of Trade, Industry and Energy (MOTIE)
Korea Resources Corporation (KORES)
Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR)

The top winners of South Korean minerals and mining procurement contracts in recent years include:
Glencore International AG
BHP Group Limited
Rio Tinto PLC
Fortescue Metals Group Limited
Anglo American plc
These companies have been awarded contracts for the supply of various minerals and mining products and services, including crude petroleum, bituminous coal, iron ore, and copper.

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