Submitted by: Submitted by Monica2016
Views: 10
Words: 1017
Pages: 5
Category: Business and Industry
Date Submitted: 10/18/2016 07:42 AM
Global Surface
Mining Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014 – 2020
Future Market Insights
www.futuremarketinsights.com
sales@futuremarketinsights.com
ReportDescription
Report Description
Surface mining refers to the mining technique where the overlying layer of soil and rock is removed, followed
by the recovery or excavation of the underlying minerals. This method of mining provides considerably
better recovery, safety, flexibility, environmental conditions and grade control as compared to other mining
methods such as underground mining. The technique of surface mining gained momentum in the 16th
century and has been widely prevalent at a global level, especially in North America.
Factors such as lower injury rates, better recovery, flexibility and grade control serve as drivers for the global
surface mining industry. However, from an environmental perspective, surface mining tends to have an
extensive and more prominent impact on the surrounding environment as compared to underground
mining. This is a disadvantage for the global surface mining industry. Hence, to counter this environmental
impact associated with the surface mining operations, a safety zone needs to be placed around the mining
area. Another disadvantage associated with the global surface mining industry is the relatively higher
transport cost involved during the mining operation. For instance, the transportation cost of rock in open pit
mining method accounts for about 50% of the total operating cost. Supporting regulations for surface mining
such as the Surface Mining Control and Reclamation Act, 1977 in the US, and proper economic planning
alongwith the establishment of safety zone near the mine surface have been introduced in recent times.
These developments, the vast horizontal and low lying reserves and the surging demand of iron-ore,
diamond, chromium and coal, will act as opportunistic...