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Business Venture: Understanding the Mining Business

There are billions of dollars one can gain by digging things out the earth’s ground, thus 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. 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. The the world would literally be ground to a halt if the art and science of mining, extracting and gathering were not discovered. First of all, anything that uses fuel is gone, electricity would fail, and transportation would become redundant, because mining, extracting and gathering are the main reasons why we have gadgets, jewelry, appliances, and gasoline.

People have been mining since the pre-historic times by chipping away at stone, metals and other useful substances, and mining is considered an old business. The process of mining involves prospecting for ore, and once it is assessed and the deposit is large enough for generating cash, then heavy machinery such as mining conveyors are used to scoop all ore and minerals, thus reclaiming the land. 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.

Mining techniques come in two types which are the subsurface mining and the surface mining, and 80% of yield come from surface mining. 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”. 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 want to be involved in a mining business you need to hire a mudlogger, minerals surveyors, quarry manager and well site geologist among others.

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