Lessons Learned About Resources

Business 101: Know More About Mining Business

There are billions of dollars involved in digging things out of the earth’s surface making it as a big business. The time, effort and money invested in extracting the earth’s rocks and soil is worth it since the earth contains outrageously expensive and extremely useful minerals. When it comes to some technical terms involved, mining is getting the minerals and ore from the earth’s ground while extraction refers to the collection of oil and gas. Gathering occurs when oil and gas are amassed in wells to prepare them for processing and refinery. The the world would literally be ground to a halt if the art and science of mining, extracting and gathering were not discovered. Mining, extracting and gathering are the main reasons why we have fuel to run our vehicles and machinery, why we have modern transportation, why women enjoy their precious jewelry collection, and why we have gadgets and appliances.

Mining is considered an old business which we owe to our ancestors back in the prehistoric times when our ancestors did mining by chipping away at stone, metals and other useful substances. Before reclamation of the land, the process of mining initially starts getting prospects for ore, and once the land is assessed and the deposit is large enough in order to generate revenue, then heavy machinery such as mining conveyors are used to scoop all ore and minerals. For gas and oil deposits, they are usually found between non-porous rock like limestone and porous sandstone wherein the process is more complicated like drilling in between these layers to hit the perfect spot. If you are planning to enter the mining business you have to be prepared to hire a strong manpower of miners, site managers, engineers and technicians who are experts in this area of utilities and energy industry. In order to begin your mining business, you need to hunt the perfect location where you can find ore body, big oil deposits or coal seam. And once you found it, you can make billions and billions of dollars.

The two types of mining are surface mining and subsurface mining, and the majority of minerals are obtained via surface mining accounting for 80% of overall yields. At this point, mining outputs can be categorized into lode and placer deposits, wherein lode deposits are found inside masses or rock or in “veins”, while placer deposits are minerals and ore found in river gravels or beach sands. When it comes to subsurface mining, it involves the construction of shafts and tunnels in order to reach the minerals and ore, and drilling is performed as a more straightforward mining approach in order to get further into the ground. If you plan to engage in a mining business, you’ll need a mudlogger, minerals surveyors, quarry manager and well site geologist among others.