Mining is the
process of extracting minerals, metals and other valuable materials from the
earth crust. Metals and minerals extracted from raw materials are widely used
in industries such as agriculture, manufacturing, transportation, utilities,
communication, and construction. Sand and gravel, coal and stone are
non-metallic products of the mining industry.
Read the report at
The market is
valued at nearly $2 trillion in 2017 due to the emerging markets growth and
reduction in free trade.
In the report,
the global mining market is divided into six segments. Around half of the
market is occupied by the coal, lignite and anthracite mining. Remaining
one-fifth is occupied by the metal ore mining and the remaining 40% is occupied
by the other four segments namely, support activities for mining copper,
nickel, lead, zinc mining, stone mining and quarrying and general mineral
mining.
China was the
largest country in the mining market in 2017, accounting for around two-fifth
of the market share. This can be attributed to the country’s economic power,
abundant mineral resources, increased energy demand, and high government and
private expenditure in the manufacturing industry. The USA and India followed
China as the next largest countries in the market.
The mining market
is fragmented with a number of large and small mining organizations. The top
five competitors in the market made up 6% of the total market share in 2017.
BHP Billiton Ltd was the largest competitor of the market, followed by Glencore
plc, Vale SA, Rio Tinto Group and CRH Plc. BHP Billiton is a dual listed
company (DLC) comprising BHP Billiton Limited and BHP Billiton Plc. BHP
Billiton was created through the DLC merger of BHP Limited (now BHP Billiton
Limited) and Billiton Plc (now BHP Billiton Plc), which was concluded on 29
June 2001. The headquarters of combined BHP Billiton Group and BHP Billiton
Limited are located in Melbourne, Australia. BHP Billiton Plc is headquartered
in London, UK.
About The
Business Research Company.
The Business
Research Company is a Business Intelligence Company which excels in company,
market and consumer research. It has offices in
the UK, the US and India and a network of trained researchers in 15 countries
globally.
Contact Information.
The Business Research Company
Europe: +44 207
1930 708
Asia: +91
8897263534
Americas: +1 315
623 0293
No comments:
Post a Comment