According to the new market research report “Mining Waste Management Market by Mining Method (Surface, and Underground), Metals/Minerals (Thermal Coal, Cooking Coal, Iron Ore, Gold, Copper, Nickel), Waste Type (Overburden/Waste Rock, Tailings, and Mine Water), and Region – Global Forecast to 2022″, The mining waste management market is estimated to be 173.64 Billion Tons in 2017 and is expected to reach 233.56 Billion Tons by 2022, at a CAGR of 6.1% during the forecast period. The growth of the mining waste management market can be attributed to increasing mining operations due to the demand for metals from the automotive industry and the power & utility sector in emerging economies, and the development of various infrastructures globally. Furthermore, growing concerns to reduce pollution are also fueling the growth of the mining waste management market.
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Based on mining method, the surface segment of the mining waste management market is projected to grow at the highest CAGR during the forecast period. Surface mining includes both, open-pit and open-cut mining methods and the waste generated through surface mining techniques is much more as compared to the waste generated by the underground mining method. More than 80% of the global mines adopt the open-pit or open-cut mining methods, and thus, the quantum of waste generated is much higher. This factor is anticipated to drive the surface segment.
Based on metals/minerals, the thermal coal segment is projected to lead the mining waste management market during the forecast period. Thermal coal is widely used in generating power and energy and is used in cement production. The growth of the power & energy sector and the increasing demand for cement from the global building construction market are likely to drive the thermal coal segment. The rise in thermal coal exploration activities across the globe will also drive the mining waste management market in the coming years.
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The global mining waste management market is estimated to be 173.64 Billion tons in 2017 and is expected to reach 233.56 Billion tons by 2022, at a CAGR of 6.1% during the forecast period. The mining waste management market is mainly driven by increasing exploration and production of metals & minerals to cater to the market demand for metals & minerals from various end-use industries, rise in demand for coal from the power & utility sector, along with growing environmental concerns around the globe.
Key players in the mining waste management market are Amec Foster Wheeler (UK), Ausenco (Australia), EnviroServ (South Africa), Interwaste Holdings Ltd. (South Africa), Veolia Environnement (France), Golder Associates (Canada), Hatch Ltd. (Canada), Teck (Canada), Tetra Tech, Inc. (US), Toxfree Solutions Ltd. (Australia), Tetronics International (UK), Aevitas (Canada), Global Mining Solutions (Canada), Zeal Environmental Technologies Ltd. (Ghana), Ramboll Group (Denmark), Knight Piésold (South Africa), Metsana Group (South Africa), Earth Systems (Australia), American Waste Management Services, Inc. (US), ATC Williams (Australia), Jones & Wagener (South Africa), Cleanway Environmental Services (Australia), Cleanways (Australia), Stantec (US), Enviropacific Services (Australia), Daiseki Co., Ltd. (Japan), and Averda (UAE).
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Veolia Environnement (France) is one of the leading players in the mining waste management market. The company has a strong market presence. In July 2017, the company acquired Clean It (Australia), a leading industrial services company that provides a wide range of solutions to the mining, energy, and infrastructure sectors. This acquisition will help the company to provide a wide range of services, and industrial and metals/mining solutions. In July 2017, the company acquired Ellwaste Waste & Recycling Services (Australia), a waste management company operating in rural New South Wales and Victoria. This acquisition will help the company to enhance its services to commercial, industrial, and municipal customers.
Amec Foster Wheeler (UK) is another leading company operating in the mining waste management market. The company has a strong presence in the mining waste management market. In February 2017, the company opened a new office in Oman to support its customers in the country. This expansion has helped the company to bring its global service capabilities and expertise to Oman. In March 2017, the company signed a MoU with Muskowekwan First Nations (Canada) and Encanto Potash Corp. (Canada) for the development of the first mining project in Saskatchewan, Canada. This agreement has helped the company to provide employment and training and offer monitoring of the project during each phase and also helped the company to enhance its services towards social, environmental, and economic conditions. In November 2014, the company signed an agreement with the Louisville Gas and Electric Company (US), and the Kentucky Utilities Company (US) for the Coal Combustion Residuals (CCR) treatment project in Trimble County, Kentucky (US). This agreement helped Louisville Gas and Electric Company and Kentucky Utilities Company to reduce pollution from coal combustion and also to comply with Federal regulations in the region.
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