Green mining market is anticipated to grow at a CAGR of 7.1% during the forecast period. The rising environmental concerns regarding the negative impact of conventional mining are one of the key factors driving the growth of the global green mining market. Green mining involves eco-friendly practices primarily undertaken to reduce the harmful environmental impacts of mining activities. Therefore, mining companies are inclining toward the technologies that lead to power reduction, emission reduction, toxicity reduction, and water reduction, among others.
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Lower spending on mining projects by key mining industry players may restrain the market growth. For instance, as of June 2022, mining project spending by 10 large mining companies, including Rio Tinto PLC, RIO -5.14% BHP Group Ltd. and Glencore PLC, GLNCY -1.05% is expected to stay at roughly $40 billion this year and next year, according to figures compiled by Bank of America Corp. That would put capital expenditures well below a 2012 peak close to $80 billion. Total global mining capital expenditures, which include smaller firms and state-owned enterprises, averaged about $100 billion annually over the past decade.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Green Mining Market, By Mining Type
- Surface Mining
- Underground Mining
Global Green Mining Market, By Technology
- Power Reduction
- Fuel and Maintenance Reduction
- Toxicity Reduction
- Emission Reduction
- Water Reduction
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Anglo American Plc
- BHP Group Ltd.
- Doosan Infracore
- Dundee Precious Metals Inc.
- Freeport-McMoRan Inc.
- Glencore plc
- Glencore plc, Ma’aden (Saudi Arabian Mining Company)
- Jiangxi Copper Corp.
- Rio Tinto Plc
- Sany Heavy Industry Co. Ltd.
- Saudi Arabian Mining Corp.
- Shandong Gold Mining Co. Ltd
- Tata Steel Ltd.
- Vale S.A. Factory
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global green mining market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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