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Business 101: Know More About Mining Business

There are billions of dollars involved in digging things out of the earth’s surface making it as a big business. The amount of time and effort spent extracting the earth’s rocks and soil is remarkable since the earth contains outrageously expensive and extremely useful minerals. Mining refers to getting ores and minerals, whereas extraction is the collection of oil and gas from the earth’s ground. Gathering involves accumulation of gas and oil in preparation for processing and refinery. The the world would literally be ground to a halt if the art and science of mining, extracting and gathering were not discovered. First of all, anything that uses fuel is gone, electricity would fail, and transportation would become redundant, because mining, extracting and gathering are the main reasons why we have gadgets, jewelry, appliances, and gasoline.

People have been mining since the pre-historic times by chipping away at stone, metals and other useful substances, and mining is considered an old business. The process of mining involves prospecting for ore, and once it is assessed and the deposit is large enough for generating cash, then heavy machinery such as mining conveyors are used to scoop all ore and minerals, thus reclaiming the land. For gas and oil deposits, they are usually found between non-porous rock like limestone and porous sandstone wherein the process is more complicated like drilling in between these layers to hit the perfect spot. If you are planning to enter the mining industry you have to know the people you need to hire who are experts in this field such as miners, site managers, engineers, and technicians. Before you can start mining a material, you firstly need to hunt for the perfect place where you can find ore body, big oil deposits or coal seam. And once you found it, you can make billions and billions of dollars.

Surface mining and subsurface mining are the two types of mining techniques, and a large majority of ore and minerals are obtained via surface mining accounting for 80% of overall yields. At this point, mining outputs can be categorized into lode and placer deposits, wherein lode deposits are found inside masses or rock or in “veins”, while placer deposits are minerals and ore found in river gravels or beach sands. In subsurface mining, it involves the construction of shafts and tunnels just to reach the minerals and ore, and drilling is performed as a more straightforward approach in order to get further into the ground. If you want to be involved in a mining business you need to hire a mudlogger, minerals surveyors, quarry manager and well site geologist among others.

Supporting reference: imp source