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English definition of “extractive industry”

extractive industry

noun [C ]
(plural extractive industries)
PRODUCTION, NATURAL RESOURCES the people, companies, and activities involved in removing oil, metals, coal, stone, etc. from the ground: Like the other extractive industries that preceded it here, the oil industry has been enormously important in sparsely populated Alaska.
(Definition of extractive industry from the Cambridge Business English Dictionary © Cambridge University Press)
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