Leading companies of world are on the go to predict the trends of Mining Industry for the year of 2016. Numerous Mining Organizations have taken up the task to make reports about how the industry has behaved for the year 2016 what sorts of issues were faced by mining Industry and which leaded to new developments for the Mining Sector.
Mining Giant companies like ICMM conducted research and found out that alike issues were faced by this sector such as commodity variation behavior, labor issues, safety challenges and lack of Financing.
The ups and downs of the Industry existed despite that the overall scenario of the Industry improvement has been the integral part of this Industry as all companies take adaptation of efficiency as a priority task. The ups and downs of the Industry existed despite that the overall scenario of the Industry improvement has been the integral part of this Industry as all companies take adaptation of efficiency as a priority task.
Changes in Production
Few years Back Mining Industry used to prefer underground mining mostly during 20th century but at present change is being observed as the industry is moving towards a shift to open pit mining. Presently the situation denotes that the mining Industry prefers the open pit technique. The renown company ICMM has made reports which say that the innovative research and developments made have increased the production without increasing costs.
Activities of Extraction
The changing trends of Industry as adapting more pit mining rather than going for traditional extraction methods from underground, apart from this extraction activities are becoming innovative and economical. The forecast made by ICMM shows that companies who were just focusing on production are now expanding their domain moving into trading of commodities, refining of products, manufacturing and smelting. The prediction made by ICMM is already seen that many steel companies have entered into expanded their activities into mining to save and secure their iron ore supplies which incur additional costs.
Innovative and Renewable Energy
The Industrial sector across the zone is looking forward to save extra incurring cost applying new methods and technologies also to reduce excessive energy consumption. The benefit availed by the environment is also a part but more importantly the strategic thinking leading to new energy saving strategies is a trend being adapted by most of the companies. Research and installation of renewable strategies have shown that organizations have up to 40 to 10% of by putting capital into renewable energy installation spreading innovation based energy technology and pushing more and more towards processes which may raise energy consumption.
The Mining Show 2016 will be helding in Dubai UAE from 25-Oct-2016 - 26-Oct-2016 at Dubai International Convention & Exhibition Center, Dubai, United Arab Emirates. It will be focusing on complete mining industry of Middle East that will cover