Green Mining Market worth $12.9 billion by 2024 | Key Players include Glencore, Rio Tinto, BHP Billiton, Vale S.A, Tata Steel, Anglo American, Jiangxi copper corporation, Dundee precious, Wirtgen Group, and Freeport-McMoRan

According to recent market research "Green Mining Market by Mining Type (Surface and Underground), Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction), and Region (NA, SA, EU, APAC, MEA) - Global Forecast to 2024", green mining market size was at USD 9.0 billion in 2019 and is projected to reach USD 12.9 billion by 2024, at a CAGR of 7.5%. The mining industry is a large consumer of energy and resources which places them in a position of a potential conflict with the government and communities.

Browse 70 market data Tables and 35 Figures spread through 105 Pages and in-depth TOC on "Green Mining Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/green-mining-market-142994284.html

Mining companies, these days, are working on several sustainable practices, which is an important part of their process and probably a core of its license to operate. Several mining companies have realized that the only way to be economically feasible is to operate environmentally and be socially responsible. Various factors such as climate change, resource shortage, and an energy efficient solution match up with the industry demand. With operations in remote areas, the mining companies are well aware of the limited natural resources availability, which includes the sources that are used to produce energy.

Since the location of the mine site is often a remote location, the company incurs a good amount of investment in the production of energy. So the mining companies are focusing more on renewable sources of energy such as solar or windmill farms to power the mining operations. Rising awareness about environmental protection by the mining activities is expected to drive the green mining market. MarketsandMarkets expects the global green mining market size to grow from USD 9.0 billion in 2019 to USD 12.9 billion by 2024, at a compound annual growth rate (CAGR) of 7.5%.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=142994284

The global green mining market size is projected to grow from USD 9.0 billion in 2019 to USD 12.9 billion by 2024, at a compound annual growth rate (CAGR) of 7.5% during the forecast period. The mining industry is driven primarily by cost savings, and the mining companies are now beginning to adopt new and greener technologies. These green technologies help the mining sector companies to clean up after hundreds of years of inefficiencies and waste.

Factors such as market volatility, rising costs, falling prices of the commodity, decreasing productivity, policy changes, and social justice are important to drive the green innovation in mining technology. Factors including declining ore grades, the resource intensity and the amount of waste generated per unit of the resource are probable to increase the associated environmental costs that will prove to be a constant challenge for growth in the industry. A lot of well-established mining companies are following a lot of practices to reduce the energy consumption in their operations, minimize the use of water, and lower their carbon footprint.

The key 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). These players have adopted the strategies of expansion, new product development, and acquisition to increase their product offerings and expand their geographic presence.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142994284

Glencore’s (Switzerland) Raglan mine operates cost-effectively to extract nickel. The mine is not connected with any hydroelectric or natural gas networks. Glencore has been working towards the use of renewable energy sources for the Raglan mine by the erection of a wind turbine along with an integrating storage system with energy network to enable maximum energy from the wind turbine.

Rio Tinto (UK) is focusing on improving the efficiency and productivity of its operations and has reduced its emissions intensity by almost 30% and aims to reduce it further by 2020. About 70% of the electricity that is being used across the organization is from low carbon renewable energy. The company is also the first company to be verified under the aluminum stewardship initiative.

Vale (Brazil) invested USD 487 million in 2017 in environmental performance and its improvement. Among that, the most significant investment was in atmospheric emissions, water resources, and waste management.

BHP Billiton (Australia) has installed real-time air monitoring networks to provide proper feedback about the off-site dust impacts. This will allow the company to make the necessary changes in the dust mitigation activities in response to any change in weather or product properties.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/green-mining.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/green-mining-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.