This document summarizes current global trends in the mining industry. It notes that the industry is currently experiencing a downturn due to falling commodity prices. The top mining companies are experiencing major losses and cuts to production. Exploration spending has shifted to new "commodity frontiers" in countries like Mongolia and Mauritania. While mining makes small contributions to national economies, social conflicts around mining are increasing. The document predicts more cuts to mining jobs and costs during the current slump and calls for communities to prolong the slump through pressure on consumers.