Introduction to the Mining Industry

Mining has strong increase in revenues and investment in the mining sector and for other industries aligned to mining and resources. Modelling undertaken for this document estimates that the mining increase has on average delivered 0.62 per cent to whole funding

Supplier Power: Supplier power is relatively low as the industry is fair trade coffee. From previous knowledge, coffee suppliers were being exploited and continued to produce. It is simply because of the willingness to partake in fair trade that they have gained power. However I still believe that due to the underdevelopment of the producing countries allot of the power still lies with the buyers.

Hiring professionals, experienced staff, and obtaining all of the necessary equipment accumulates into an expensive cost that might ward off potential investors. This makes the job very risky in recovering the how much was paid for the whole ordeal. And because of this, the Capital must invest in these productions to ensure that they receive the necessary amount of resources that are equivalent to the amount of money that was previously paid. Hiring professionals is also a problem because they need to be paid generously to work, and more than a single individual is hired. The equipment required for this operation to function are outrageously expensive. Machines such as Earthmovers cost about 600,000 and that’s the cheapest one on the required tools list. The rest of the tools required are priced over 1 million dollars and more than one of each tool may be needed depending on the size of the site (Bundy 1). Mining operations use water for mineral processing and metal recovery, controlling dust, and meeting the needs of workers on site. The amount of water required by a mine varies depending on its size, the mineral being extracted, and the extraction process used. For instance, metal mines that process the ore to concentrate metals such as copper and gold use an abundant of water than non-metal mines such as

Choose an interest group to whom you will address your presentation. The Learning Team will play the role of a team of environmental analysts reporting on the costs and benefits of this mining proposal to the concerned interest group. Address the concerns of this interest group. Recommended interest groups include the following:

However, there if there is something good there has to be a bad part as well. Even though mining is helping the technologies to grow rapidly everyday, there are side affects caused to the people live near mining areas, especially indigenous people, given that a substantial number of mining operations are on or near Indigenous land, the increase in mining investment may have extremely affected Indigenous communities. There are concerns that, in remote mining areas, the increases in house costs generated by the mining boom mean that anyone who doesn’t work in the mining industry, especially those who are 100% relied on government benefits, will find it harder to afford housing. It will not affect the current generation; however, it will have a huge impact on the future generation. For example, parents wont be able to afford money for their children to go to school, which will result in, kids started working as child labours or slaves and people will find it hard to afford foods and

Mining is one of Canada’s primary industries and involves the extraction, refining, and/or processing of economically valuable rocks and minerals. Mineral products – including gold, silver, iron, copper, zinc, nickel – are critical to modern industrial society. Although mining has been key to Canadian settlement and development, in recent decades the industry has also been criticized for its environmental and social impacts. Canada remains one of the world’s leading mining countries and has become a centre of global mining finance and expertise.

 ABC Mining Company, Inc. is a publically traded, large domestic mining company with over 500 plants in the United States. ABC owns a tract of land in California upon which it has conducted a strip mining operation for coal. An unrelated party owns a tract of land adjacent to the tract of land in California, which is owned by ABC. This land is worth $5 million. The mine is located near an area that is rapidly growing and is becoming more valuable due to the relocation of several high-tech companies. Housing developers are anxious to acquire tracts of land in the area to either build new

To create a competitive advantage, a mine has to properly manage its exposure to gold price fluctuations. This is not an easy thing to do since there are so many factors to consider: when, how much, and how to hedge the gold production. Firms in this industry differentiate themselves based on the risk management strategies they implement. Furthermore, mines should also be able to minimize the cost of gold production along with making large sunk costs. Operating in

One of the target areas especially in East Asia is the ongoing mining projects that provide a fertile ground for Caterpillar Inc. to establish itself by marketing its equipment. In Pakistan for example, there are 23 mining projects

Surface mining is the coal mining process that accounts for around 60% of the United States’ coal. It tends to be very efficient, with a single worker recovering up to 30 to 40 tons of coal in a day. To begin surface mining coal, a drill must

A supplier group have even more power over an industry if it is dominated by a few companies, there are no substitute products, the industry is not an important consumer for the suppliers, their product is essential to the industry, the supplier differs costs, and forward integration potential of the supplier group exists. Labor supply can also influence the position of the suppliers. These factors are generally out of the control of the industry or company but strategy can alter the power of

For example, Boeing and Airbus supply most commercial aircraft. The concentration within the suppliers segment of the industry makes it very difficult for competitors to exercise leverage over another supplier and obtain lower prices. The power of the supplier is one key in prohibiting the ability of competitors to earn higher profits.

In our days, mining for resources is inevitable. The resources we need are valuable in everyday life. Such resources mined up are coal, copper, gold, silver, and sand. However, mining poses environmental risks that can degrade the quality of soil and water, which can end up effecting us humans if not taken care of and many of the damages are irreversible once they have occurred.

According to the Mining Intelligence Database, the mining sector employs over one million people and spends over R78 billion in wages and salaries (The Role of Mining in the South African Economy, 2015), and importantly, it is one of the few sector that employs unskilled and semi-skilled people.

Surface mining process include the excavation of overburden including the profitable topsoil and regular vegetation has spread to meet the mineral ores (singh, et al. 2010). These activities are connected with destructive impact to neighborhood. Proper planning needs to be done in mining since it is a short term environmental activity with long term hazards. There are several measures which can be implemented to prevent the harmful effects of mining. Mining exercise are completed in different stages, each