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. 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. 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 happens as oil and gas are amassed in wells to prepare for refinery and processing. 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.
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. Oil and gas extraction involves a more complex process wherein they are usually drilled and collected in between layers of non-porous and porous sandstone in order to hit the perfect spot where oil and gas are trapped. 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 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. The two categories of output 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 plan to engage in a mining business, you’ll need a mudlogger, minerals surveyors, quarry manager and well site geologist among others.