Mining, Minerals, Metals: Introduction
In highwall mining, the coal seam is penetrated by a continuous miner propelled by a hydraulic machine.
Companies in this segment remove soil and rock overlying the mineral deposit through shafts or tunnels.
The segment includes companies that dig tunnels or shafts into the earth in order to reach buried ore deposits, such as coal and other hard rocks.
The Mining, Minerals, Metals industry is Highly Concentrated. The production in this industry is dominated by a small amount of large firms that are able to shape the industry’s direction and price levels.
Primary Demand Drivers
- Coal: Generators of electricity
- Metal ore: Industrial production
- Nonmetallic mineral: Construction spending and agricultural spending on fertilizers
- Efficient operations since most products are commodities sold based on price
- Volume of operations
- Strategic acquisitions at bargain prices
From the Blog
An energy crisis brewing in Europe could end many businesses and lead to a global supply chain disaster for an already struggling system. Two large industries affected by this will be the metals sector and the agricultural sector. With these significant sectors at risk, European governments are attempting to face this problem every day to see how they may be able to stop this issue as fast as possible.
The Clarion-Clipperton Zone (CCZ) is the most captivating place on earth for deep-sea mining contractors and the electric automotive industry alike. The CCZ is a giant international seabed stretching over 4.5 million kilometers from Hawaii to Mexico. The reason that the CCZ is seen in such high regard is that it is packed with tons of precious metals needed in the battery and electric production field. The only other option to get these resources is through terrestrial mining which is both labor and environmentally inefficient. Many companies are noticing how fruitful this venture is and are investing in it before extraction has been approved by international authorities.
- Hoovers (Date Accessed: 6/1/2017)