Global Green Mining Market- Forecast To 2024
Surface mining is projected to be the second fastest-growing during the forecast period.
Surface mining has higher productivity, which lowers the costs; in the case of underground mining, the equipment for maintaining productivity is more expensive as compared to the open pit equipment. Moreover, open pit provides a large production scale, and the share of open pit mines have also offered the opportunity for manufacturing open pit equipment in large number that further decreases the production costs. A lot of surface mines operate for 24 hours a day and almost around 365 days a year to put the pit machinery for as many hours as possible, which in turn decreases the number of equipment required.
Power reduction is the largest type of green mining market.
Power consumption processes such as comminution process are done for the reduction of solid materials from average size to smaller particle size by crushing, grinding, cutting, vibrating, or any such similar processes. It is one of the energy-intensive processes and includes both crushing and grinding. According to the Coalition for Energy Efficient Comminution, the process approximately uses about 3% of the total global electricity production and about 50% of the complete mine’s energy and about 10% of the total production costs. Mines rarely have any control over the cost incurred in energy, so it is essential for the comminution process to meet the requirements while reducing the amount of energy as much as possible.
Europe is estimated to account for the largest market share during the forecast period.
Europe is estimated to dominate the overall green mining market in the forecast period. The region has emerged as the largest consumer and promoter of green mining practices, owing to the growth of sustainable practices in countries such as Germany, Russia, Poland, and Turkey. The reason to protect the environment by using better technology is expected to drive the market of green mining in this region.
Key Market Players
The leading players in the green mining market are Glencore (Switzerland), Rio Tinto (UK), BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Jiangxi Copper Corporation (China), Dundee Precious (Canada), and Freeport-McMoRan (US). Most of these leading players operate globally and focus on reducing emissions and water conservation to meet the regulations implemented by the government.
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
4.1 Attractive Opportunities in the Green Mining Market
4.2 Green Mining Market, By Type
4.3 Green Mining Market, By Technology
4.4 Green Mining Market, By Region
5 Market Overview
5.2 Market Dynamics
6 Green Mining Market, By Type
6.2 Underground Mining
6.3 Surface Mining
7 Green Mining Market, By Technology
7.2 Power Reduction
7.2.1 Comminution Efficiency
7.2.2 Hydrometallurgical Processes
7.3 Fuel and Maintenance Reduction
7.3.1 The Equipment Route Optimization
7.3.2 Fuel Additives
7.3.2 Natural Gas Conversion
7.3.3 Training Simulators
7.4 Emission Reduction
7.4.1 Dust Management
7.4.2 Carbon Sequestration
7.4.3 Interior Bioleaching
7.5 Water Reduction
7.5.1 Amd Remediation
7.5.2 Wastewater Processing
7.5.3 Tailings Remediation
7.6.1 Interior Bioleaching
8.2 North America
8.5 Middle East & Africa
8.6 South America
9 Company Profiles
(Business Overview, Financials, Products & Services, Recent Developments)*
9.2 Rio Tinto
9.3 Vale S.A.
9.4 BHP Billiton
9.5 Tata Steel
9.6 Anglo American
9.7 Jiangxi Copper Corporation Limited
9.8 Dundee Precious Metals
9.10 Other Players
9.10.1 Saudi Arabian Mining Corporation
9.10.3 Doosan Infracore
9.10.4 Shandong Gold Mining Co. Ltd