Green mining refers to the reduction of greenhouse gases, water used and the environmental impact associated with the extraction and processing of minerals. In mining, green technology refers to technologies that will reduce carbon emissions in operations and reduce adverse environmental impacts, including the use of minerals and metals that support the transition to low-carbon technologies such as solar panels or wind power.

Emergence of hybrid diesel-electric loaders to control carbon emissions and maintain environmental sustainability is further catalyzing the market growth. Accordingly, increasing adoption of clean and renewable energy sources such as wind and solar to electrify mining processes is driving the market growth. Hence, various companies in the global mining industry are adopting the green mining market, thus the demand for green mining is expected to increase during the forecast period.

The report “Green Mining Market, By Type (Surface Mining, Underground Mining), By Technology (Power Reduction (Comminution Efficiency, Hydrometallurgical Process), Fuel and Maintenance Reduction (Equipment Route Optimization, Fuel Additives, Natural Gas Conversion, Training Simulators), Emission Reduction (Dust Management, Carbon Sequestration, Interior Bleaching), Water Reduction (AMD/ARD Remediation, Wastewater Processing, Tailings Remediation, Desalination), Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “

Key Highlights:

• In October 2022, Anglo American and EDF launched Envusa to green South African mines with power and hydrogen. Anglo American in partnership with EDF Renewables announced their agreement to create Envusa Energy, a new joint venture company to develop regional renewable energy ecosystems in South Africa
• In June 2022, Rio Tinto and the Salzgitter Group have signed a memorandum of understanding to work together on carbon-free steelmaking by studying the optimization of Rio Tinto's high-quality Canadian and Australian iron ore products for use at Salzgitter's SALCOS green steel project in Germany.
• In October 2022, Scania and Rio Tinto have decided to create autonomous transport options that will assist a pathway to mining with lower emissions. The Channar mine owned by Rio Tinto has joined Scania as the first operational partner site for its autonomous mining solution as part of a long-term research and development collaboration arrangement between the two businesses.

Analyst View:

Green mining is an important concept due to the various impacts on the environment caused by the mining process used for mineral extraction. Green mining reduces greenhouse gases prone to beneficiation of minerals, uses energy more efficiently, etc. Green mining includes electricity reduction, fuel and maintenance reduction, emission reduction, water conservation and mine closure. The development of advanced green mining technologies aims to enhance both the economic and environmental performance of the mining industry. However, growing concerns about the environment and climate change and their impact on the mining sector are fueling the growth of the green mining market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Green Mining Market, By Type (Surface Mining, Underground Mining), By Technology (Power Reduction (Comminution Efficiency, Hydrometallurgical Process), Fuel and Maintenance Reduction (Equipment Route Optimization, Fuel Additives, Natural Gas Conversion, Training Simulators), Emission Reduction (Dust Management, Carbon Sequestration, Interior Bleaching), Water Reduction (AMD/ARD Remediation, Wastewater Processing, Tailings Remediation, Desalination), Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Green Mining Market accounted for US$ 11 billion in 2022 and is estimated to be US$ 23.4 billion by 2032 and is anticipated to register a CAGR of 10.5%. The Green Mining Market is segmented based on Type, Technology and Region.

• Based on type, the Green Mining Market is segmented into Surface Mining, Underground Mining.
• Based on technology, the target market is classified into Power Reduction (Comminution Efficiency, Hydrometallurgical Process), Fuel and Maintenance Reduction (Equipment Route Optimization, Fuel Additives, Natural Gas Conversion, Training Simulators), Emission Reduction (Dust Management, Carbon Sequestration, Interior Bleaching), Water Reduction (AMD/ARD Remediation, Wastewater Processing, Tailings Remediation, Desalination), Others.
• By Region, the Green Mining Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Green Mining Market:

The prominent players operating in the Green Mining Market includes, BHP Billiton, Anglo American PLC, Rio Tinto Group, VALE S.A., Glencore PLC, Tata Steel Limited, Jiangxi Copper Corporation Limited, and Dundee Precious Metals, Liebherr, Sany Heavy Industry Co. Ltd.

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