Environmental effects of mining can occur at local, regional, and global scales through direct and indirect mining practices. The effects can result in erosion, sinkholes, loss of biodiversity, or the contamination of soil, groundwater, and surface water by the chemicals emitted from mining processes.... read more ›
These benefits include low-cost, reliable electricity and the materials necessary to build our homes, schools, hospitals, roads, highways, bridges and airports.... see more ›
- Reduced costs. By revealing inefficiencies, bottlenecks, and tasks that can benefit from automation, organizations can significantly reduce their operating costs.
- Increased transparency. ...
- Improved performance management. ...
- Improved customer experiences. ...
- Improved compliance.
Mining is the process of extracting useful materials from the earth. Some examples of substances that are mined include coal, gold, or iron ore. Iron ore is the material from which the metal iron is produced. The process of mining dates back to prehistoric times.... read more ›
Gold mining is one of the most destructive industries in the world. It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems.... read more ›
Advantages: protects individual rights, input is taken from many different sources to make a governmental decision, people are the government. Disadvantages: takes more time to make decisions, more costly. According to the State of the World Atlas, 44% of the world's population live in a stable democracy.... view details ›
Although there are opponents and proponents of underground mining, the disadvantages include destruction of land, surface subsidence, abandoned shafts, extensive surface spoil heaps, mine explosions, collapses and flooding.... read more ›
When a mining operation ends, they loose their jobs (if mine is a local and limited). Most mining operations degrade environment. Dust, water pollution, air pollution, soil degradation, noise, etc.... view details ›
Mining offers not only employment but also supports the respective provincial economies. In the communities where mining firms operate, they have built schools, clinics, and other social infrastructure such as roads and housing for employees, thus improving the quality of life of community members.... continue reading ›
Underground mining is practical when: The ore body is too deep to mine profitably by open pit. The grades or quality of the orebody are high enough to cover costs. Underground mining has a lower ground footprint than open pit mining.... continue reading ›
Gold's role in socio-economic development
Gold mining is a major economic driver for many countries across the world. Well-managed, transparent and accountable resource extraction can be a major contributor to economic growth due to the creation of employment and business opportunities for local people.... view details ›
|High production rate (essentially unlimited, although small surface mines also possible)||Limited by stripping ratio|
|Lowest cost along with open cast mining||High capital investment associated with large equipment|
Surface mining (another name for "strip mining") can severely erode the soil or reduce its fertility; pollute waters or drain underground water reserves; scar or altar the landscape; damage roads, homes, and other structures; and destroy wildlife.... see details ›
Smart mines are the future, and they bring multiple benefits. From improving workforce safety, to protecting data, to enhancing productivity and efficiency across the value chain, to reducing monitoring and installation costs, smart mines are revolutionizing mining operations for several companies are we speak.... read more ›
Across the world, mining contributes to erosion, sinkholes, deforestation, loss of biodiversity, significant use of water resources, dammed rivers and ponded waters, wastewater disposal issues, acid mine drainage and contamination of soil, ground and surface water, all of which can lead to health issues in local ...... view details ›
Mine exploration, construction, operation, and maintenance may result in land-use change, and may have associated negative impacts on environments, including deforestation, erosion, contamination and alteration of soil profiles, contamination of local streams and wetlands, and an increase in noise level, dust and ...... see more ›
There are four main mining methods: underground, open surface (pit), placer, and in-situ mining. Underground mines are more expensive and are often used to reach deeper deposits.... see more ›
Excessive sand mining can alter the river bed, force the river to change course, erode banks and lead to flooding. It also destroys the habitat of aquatic animals and micro-organisms besides affecting groundwater recharge.... see details ›
Common ailments include respiratory illnesses such as asthma and tuberculosis as a result of inhalation of the silica dust particles resulting from the mining and processing of copper. Miners in particular suffer from silicosis or pneumoconiosis. The smelting process can also create pollution.... continue reading ›
- Gold is a hedge against inflation. ...
- Liquidity. ...
- Diversification. ...
- Holds its value over a long period of time. ...
- Most desired commodity. ...
- Gold is not a passive investment. ...
- Gold is difficult to store. ...
- Price correction can lead to losses.
What are there market economics and write their definition characteristics advantage and disadvantages?
The benefits of a market economy include increased efficiency, production, and innovation. The disadvantages of a market economy include monopolies, no government intervention, poor working conditions, and unemployment.... see details ›
Command economies, where the government determines output levels and prices, come with many advantages, which include low or non-existent unemployment, speed in decision-making, equality amongst citizens, and a focus on the worker as opposed to profits.... continue reading ›
An upcoming challenge I see to federalism in the next decade is for the federal government to "stay within it's own realm". By this I mean that the federal government will, at some point, push the states too far and overstep its boundaries.... view details ›
Coal mining and coal use has historically had a negative impact on the environment, particularly by creating harmful gases including carbon dioxide and methane. The coal industry is working to improve these detrimental effects.... read more ›
Mining affects fresh water through heavy use of water in processing ore, and through water pollution from discharged mine effluent and seepage from tailings and waste rock impoundments. Increasingly, human activities such as mining threaten the water sources on which we all depend.... continue reading ›
Illegal mining activities were identified as the cause of environmental problems such as water pollution, deforestation, poor soil fertility and limited access to land for agriculture productivity.... see more ›
Aside from supporting thousands of jobs, the mining industry provides raw materials, minerals and metals critical to our economy. They provide the foundations for modern living, innovation and engineering achievements. Take platinum, for example; it is used in more than 20 percent of all manufactured goods.... read more ›
Some of the negative impacts of mining are loss of vegetation cover, mass destruction of water bodies, loss of biodiversity, land-use changes and food insecurity, increased social vices and conflicts, high cost of living, and air pollution.... see more ›
The earliest known mine for a specific mineral is coal from southern Africa, appearing worked 40,000 to 20,000 years ago. But, mining did not become a significant industry until more advanced civilizations developed 10,000 to 7,000 years ago.... see details ›
There are 5 main types of surface mining, which are used in various degrees and for different resources. These mining categories are: strip mining, open-pit mining, mountaintop removal, dredging and high wall mining.... read more ›
Pros of Mining Pools
Faster Processing: In Bitcoin mining, each miner competes with the rest of the network to add to the overall blockchain and create coins as rewards. Multiple miners in the same network can speed up the discovery process by reducing latency or delays and speeding up the computations.... see details ›
More broadly, the benefits of mining to the community are the boost in royalties, taxes and charges paid by companies to governments. These revenues are then returned to local people in the form of services such as schools and hospitals, infrastructure, and policing.... read more ›
The primary impacts and benefits of mining include revenues and profits; foreign exchange; employment; regional development and infrastructure development. designed to meet state development goals through the generation of these direct effects.... see details ›
Open-pit mining includes blasting of soil and vegetation to access underground ore layers or coal seams . Consequently, this method produces large volumes of mining waste, including soil and overburden, which increase the vulnerability of mining environments to soil erosion and pollution.... see details ›
After the mineral deposits have been exposed, the area is drilled, fractured and the mineral extracted. This method has a high recovery rate when compared to the underground, as 90 percent of mineral deposits are recovered. Overall when compared to other methods, open-cut is much safer.... view details ›
The process of taking out minerals from rocks buried under the earth's surface is called mining. Minerals that lie at shallow depths are taken out by removing the surface layer known as open-cast mining.... continue reading ›
The pros of surface mining are that it has a lower financial cost and is a lot safer than underground mining because all mining operations take place above the surface. The cons are the hazards it presents to human health and the environment.... see details ›
Smart mining is a process that uses information, autonomy, and technology to obtain enhanced safety, reduce operational costs, and gain better productivity for a mine site.... continue reading ›
Intelligent Mining transforms the way decisions are made, the skills you require, how you engage with your workforce and communities, and how to optimally utilize resources, such as energy. This transformation program should be self-funding and it's pace is driven more by people change than technology.... view details ›
Here are some of the disadvantages of mining for minerals: Danger to Miners: Working in mines can be dangerous. Miners can be trapped underground if a tunnel collapses. Miners breathe dangerous gases and rock dust in the mine that can make them very sick.... see more ›
More broadly, the benefits of mining to the community are the boost in royalties, taxes and charges paid by companies to governments. These revenues are then returned to local people in the form of services such as schools and hospitals, infrastructure, and policing.... continue reading ›
Mine exploration, construction, operation, and maintenance may result in land-use change, and may have associated negative impacts on environments, including deforestation, erosion, contamination and alteration of soil profiles, contamination of local streams and wetlands, and an increase in noise level, dust and ...... see details ›
Across the world, mining contributes to erosion, sinkholes, deforestation, loss of biodiversity, significant use of water resources, dammed rivers and ponded waters, wastewater disposal issues, acid mine drainage and contamination of soil, ground and surface water, all of which can lead to health issues in local ...... read more ›
Mining offers not only employment but also supports the respective provincial economies. In the communities where mining firms operate, they have built schools, clinics, and other social infrastructure such as roads and housing for employees, thus improving the quality of life of community members.... read more ›
While mining provides a complementary livelihood, however, mining also has detrimental impacts on the local environment that makes farming more difficult. Emerging issues such as air and water pollution, land productivity loss, and land subsidence, have heightened tensions between local farmers and mining companies.... see details ›
Mining can pollute air and drinking water, harm wildlife and habitat, and permanently scar natural landscapes. Modern mines as well as abandoned mines are responsible for significant environmental damage throughout the West.... see more ›
The extraction of minerals from nature often creates imbalances, which adversely affect the environment. The key environmental impacts of mining are on wildlife and fishery habitats, the water balance, local climates & the pattern of rainfall,sedimentation, the depletion of forests and the disruption of the ecology.... read more ›
The negative consequences of mining for human health include respiratory complications such as pneumoconiosis, asbestosis, and silicosis caused by inhaling fine particles from the large amounts of dust generated by mining activities such as blasting and drilling.... see details ›
One cause of mining is population growth. With an increasing population, the overall world consumption levels also increase. This means that in order to be able to provide enough goods for the world population, resources have to be extracted at large scale. One great possibility to extract these resources is mining.... read more ›