The mining industry is known to be one of the leading and fastest developing economies globally. The mining industry contributes a great deal to the country’s economy, and to those who deal in the exportation of mineral products. Mining goes beyond the extraction of minerals and processing. Mining is also connected to several other industries and sectors of the Australian economy. Some of these sectors include environmental management, construction, education and research, transportation, geological services, equipment production/manufacturing, and so on.
The mining industry helps to boost or improve the financial sector through the generation of more revenue to the coffers of the government. Even though mining activities damage the environment and disrupt local ecology, it has several economic benefits to the country. That emphasises the economic importance of mining to the people and the government. You might begin to wonder in what ways mining helps us. Well, let’s take a look at how mining helps us in the next section. Take a look!
· What are the benefits of mining?
In spite of the damage mining makes to the environment and local ecologies, we still keep on extracting minerals from the subsurface level. You may ask why. That is because we feel like people and as a society that the advantages mining brings exceeds the damages it throws at us. Especially now that we have begun to devise ways of mitigating against the harmful effects of mining to the environment. First of all, mining helps to create jobs for the people and provides a livelihood to the local people. Even though people sustained severe injuries in the occurrence of mining accidents, it serves as a source of livelihood to the people. The demand for crystals, metals, and other mineral products/substances is growing.
One other way mining can help us is that it accelerates advancement in technology. We can utilise some of the technologies for safety created for mining in other sectors and industries like water pipes, deep subway tunnels construction, and other structures. Some mining projects like deep excavation projects can be carried out with some of the heavy equipment developed for mining. Deep excavation projects like building of canals or foundation digging for large structures/buildings are performed with some heavy equipment designed for mining.
Aside creation of jobs and development of new technologies, mining also makes available essential ingredients for everyday items for us. Things like electric components and cookware are made from some of the mined materials. We also depend on mining for the raw materials required to build or create automobiles, vessels, and other technological artifacts. All these industries provide jobs and boost the economy.
· Why mining is essential to daily life
The economic significance of the mining industry cannot be overemphasised. With all the facts mentioned above, it shows that mining plays a significant role when it comes to growing the economy of a nation. And that ultimately impacts the lives of the people positively. It is also essential for you to take note of what these benefits are for you. Also, you need to understand better why mining is necessary for daily life.