12 Facts About Mining industry


Mining industry is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory.

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Mining industry captured gold mines in Thrace for minting coinage, eventually producing 26 tons per year.

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The mining industry became dramatically more efficient and prosperous with the invention of mechanically- and animal-driven pumps.

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Canada's mining industry grew more slowly than did the United States' due to limitations in transportation, capital, and US competition; Ontario was the major producer of the early 20th century with nickel, copper, and gold.

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Mining industry stated, “[I]n the past, mining engineers have not been called upon to study the psychological, sociological and personal problems of their own industry – aspects that nowadays are assuming tremendous importance.

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The mining industry has provided funding to various conservation groups, some of which have been working with conservation agendas that are at odds with an emerging acceptance of the rights of indigenous people – particularly the right to make land-use decisions.

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The mining industry has argued that submarine tailings disposal, which disposes of tailings in the sea, is ideal because it avoids the risks of tailings ponds.

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Mining industry in India is a significant part of that country's economy.

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Consequently, the mining sector of the industry is dominated by large, often multinational, companies, most of them publicly listed.

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Mining industry is heavily affected by the prices of the commodity minerals, which are often volatile.

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Furthermore, the disproportionate revenues the mining industry can bring to the comparatively small number of people that it employs, causes other problems, like a lack of investment in other less lucrative sectors, leading to swings in government revenue because of volatility in the oil markets.

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Mining industry accidents continue worldwide, including accidents causing dozens of fatalities at a time such as the 2007 Ulyanovskaya Mine disaster in Russia, the 2009 Heilongjiang mine explosion in China, and the 2010 Upper Big Branch Mine disaster in the United States.

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