Business 101: Know More About Mining Business
Every year, people are digging things out of the earth’s ground and make billions of dollars by doing so. Our planet contains outrageously expensive and extremely useful minerals, and the amount of time and effort spent extracting the earth’s rocks and soil is remarkable. Extraction refers to the collection of oil and gas from the earth’s ground while mining is getting the minerals and ore. Gathering occurs when oil and gas are amassed in wells to prepare them for processing and refinery. We won’t be reaching the modern world we enjoy today if our forefathers have not discovered the art and science of mining, extracting and gathering geological resources and materials. 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 that started 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 extracting oil and gas, it involves a more complicated process of drilling in between layers of non-porous and porous sandstone in order to hit the perfect spot where oil and gas are trapped. You need a huge amount of manpower required to this area of utilities and energy industry such as miners, site managers, engineers, and technicians. In a mining business, you first need to find the perfect location where you can find coal seam, big oil deposit or ore body. Once you have marked the perfect spot on your map, then the serious work begins, and be ready to earn billions and billions of dollars.
Surface mining and subsurface mining are the two types of mining techniques, and a large majority of ore and minerals are obtained via surface mining accounting for 80% of overall yields. At this point, the two categories of products are lode and placer deposits, wherein placer deposits are minerals and ore found in river gravels or beach sands, and lode deposits are found inside masses or rock or in “veins”. In subsurface mining, it involves the construction of shafts and tunnels just to reach the minerals and ore, and drilling is performed as a more straightforward approach in order to get further into the ground. If you want to be involved in a mining business you need to hire a mudlogger, minerals surveyors, quarry manager and well site geologist among others.