extractive sector companies

Extractive sector companies are businesses involved in extracting natural resources from the earth. This includes mining companies that dig for metals and minerals, oil and gas companies that drill for fossil fuels, and forestry companies that harvest timber. These firms play a crucial role in supplying raw materials for various industries and everyday products. However, their activities can impact the environment and local communities, making sustainable practices essential. Overall, the extractive sector is vital for economic development but requires careful management to balance resource use with environmental and social responsibilities.