Green Mining Market worth $17.6 billion by 2027 | Key players BHP Billiton, Anglo American Plc, Rio Tinto, VALE S.A., Glencore

According to recent market research the "Green Mining Market by Type (Surface Mining, Underground Mining), Technology (Power Reduction, Fuel And Maintenance Reduction, Emission Reduction, Water Reduction) And Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027", size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period. The main factor driving the green mining market during the forecast period includes the government regulations, awareness towards fighting climate change and global warming. Also, increase in interests related to energy efficient options and related technology across the globe is providing momentum to the growth of the market.

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The traditional mining methods affect the environment by causing several damages. These include soil erosion, water pollution, air pollution hence causing global warming, and disruption of ecology. But the growing awareness to minimize global warming, climate change and government regulations for sustainable practices is paving the way for green mining. Thus, a significant shift in the market to green mining is being witnessed across the globe. The green mining involves implementation of necessary steps and technology which helps in reducing emissions, adopting cleaner fuels, focusing on renewable energy sources, implementing proper water and waste management techniques etc.

The green mining market is divided as per technology used into five major segments which are Emission reduction, power reduction, fuel and maintenance reduction, water reduction and others.
The control of greenhouse gases and increase in technological developments for carbon capture is a major factor for the expected highest growth of Emission reduction in the forecast period.

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The global green mining market is projected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027, at a CAGR of 9.9% during the forecast period. The major driving factors for the growth of the green mining market are the growing focus on eco-friendly and sustainable practices in mining industry and government initiatives creating an awareness of sustainable mining.

Green mining techniques basically means the technologies and practices involved in mining which help in protecting the environment in any form. It involves working upon different verticals like Power reduction, fuel and maintenance reduction, emission reduction, water reduction etc. Power reduction is the fastest growing market segment in the green mining market. The increasing awareness of mining companies and new emerging technologies will drive the market growth.

The major key players in the green mining market are BHP Billiton (Australia), Anglo American Plc (UK), Rio Tinto (UK), VALE S.A. (Brazil), Glencore (Switzerland), Tata Steel (India) etc. These players adopted acquisitions, new technologies, and agreements as key growth strategies between 2018 to 2021, which helped them to increase their sustainability and cater to the widening green mining market.

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BHP Billiton is a leading mining company that produces minerals such as coal, copper, iron ore, nickel, petroleum, and potash. The company has a robust presence in over 90 countries worldwide. The company has done lot of investments in green technologies especially in reducing emissions and decarbonization.

Anglo American is engaged in mining activities in the world. The company's portfolio includes mining, processing operations, and undeveloped resources. The company operates through seven business segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel & Manganese, and Corporate & Others. De Beers operates across the diamond value chain. In the Copper segment, the company owns two of the world's largest copper mines. In the Platinum Group Metals segment, the company has stakes in two of the world's largest platinum deposits in South Africa and Zimbabwe. In the Iron Ore segment, the company has operations in South Africa and Brazil. The Coal segment of the company has assets in Australia, South Africa, and Colombia.

Rio Tinto is a leading mining company that develops some of the best quality mines and mining operations. The company has a strong presence in more than 35 countries across six continents. It operates through four business segments: Iron Ore, Aluminum, Copper & Diamonds, and Energy & Minerals. The company supplies its natural resources to various end-use industries, such as hospitals, the agriculture sector, cars, aircraft, and smartphones. The company is very active in terms of the sustainable development of its mines. It actively works towards its social commitments for emission reduction. It also promotes a healthy and safe working environment for its workforce. The company continuously strives to manage different aspects like achieving decarbonization and improving renewable power through electrification. It focuses on achieving net zero emissions by investing in better materials as well as by investing in R&D to decarbonize quicker and accelerate the development of new technologies.

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