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Mining of sulfur from a deposit at the edge of Ijen's crater lake, Indonesia. Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory.
This is a list of the largest mining companies in terms of revenue (in US billion dollars) as ranked by Investopedia in 2023. [1] No. Company Revenue (billion US dollars)
Mining is the extraction of valuable minerals or other geological materials from the earth from an orebody, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner. Mining of stone and metal has been done since pre-historic times.
Rhodochrosite on a Quartz "spear", from Climax mine. The ore deposit is a porphyry type, similar to many large copper deposits, where many intersecting small veins of molybdenite form a stockwork in an altered quartz monzonite porphyry.
Despite several small mining endeavors beginning in the 17th and 18th centuries, mining did not gain major traction in the United States until the 19th century. [23] In terms of technology, explosives such as black powder were phased out as dynamite increased in popularity as a new mining method in the 19th century. [23]
The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Fields was the world's eighth-largest producer of gold. [4] The company owns and operates mines in Australia, Chile, Ghana, Peru and South Africa, with one 50:50 JV project in Canada.
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. [3] It is headquartered in Toronto, Ontario, Canada. [4] It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. [5]
Seabed mining, also known as Seafloor mining [1] is the recovery of minerals from the seabed by techniques of underwater mining. The concept includes mining at shallow depths on the continental shelf and deep-sea mining at greater depths associated with tectonic activity, hydrothermal vents and the abyssal plains .