The Importance of Mining

The Importance of Mining

A lot of people imagine mining as a treasure hunt – digging deep underground to uncover gold, silver, and precious gems. But mining is so much more than just a way of finding shiny things. Almost every aspect of modern life can be traced back to mining. Making a phone call, driving in a car, or even turning on a light is all made possible by mining. We explore the importance of mining – that vital industry that keeps civilisation running.

CMQ Engineering are Australian based mining equipment manufacturers, providing equipment and expertise to mining firms across the nation and internationally. We are capable of custom fabrication to create solutions for the unique needs of mining firms. Contact us to discuss your requirements or for ordering information. Call us on 07 3879 3288 or get in touch via our online form.

The Importance of Mining – A Breakdown

Access to Resource

From common and precious metals to rare earths and fossil fuels – these resources have historically been difficult to acquire. It’s been in relatively recent times have we gained access to these kinds of resources in large quantities – all because of mining. Copper, iron ore and other mined materials make up the world we live in. It’s all too easy to take for granted as we catch up on the latest rugby scores while watching the sports news on our phones. But those millions of mobile phones, and the huge stadiums the rugby games are played in, were all made from mined resources.

Job Creation

It’s a big industry and growing. Mining requires vast numbers of workers to handle day-to-day operations. The many miners, geologists, engineers, and truck drivers are just a few examples of people who directly work in mining. There are also many other jobs that are indirectly related to mining, such as those related to the processing of the mined ore. The job creation doesn’t stop there – countless other jobs are created further down the supply chain, as the processed ore is turned into goods that are then sold at retail or used in other industries, creating even more jobs.

Economic Development

In addition to job creation, mining has other economic benefits. The sales and export of mined material generates revenue, which in turn boosts GDP. Governments receive taxes on income paid to mine workers and from the sale of mined resources. National and private pension funds receive contributions for the many people employed in the mining industry. As with many drivers of the economy, it’s a domino effect as growth in one part of the economy leads to growth in other areas, and all this growth can be traced back to mining.

Infrastructure Development

Construction and infrastructure projects are highly dependent on raw materials. Gravel and limestone are used in the construction of roads and concrete structures. Steel is used in buildings, bridges and in power plant construction. Copper wire caries the electricity from those power plants to homes and businesses. The internet that you are using to read this article is based on an interconnected infrastructure of circuit boards and switches, all of which were made with mined materials.

Energy Production

Coal as an energy source gets a lot of bad publicity for its environmental impact. But the real-world economics of power plant construction and access to fuels in third world countries means coal generated power is not going away in the foreseeable future. Australia has some of the largest coal deposits in the world, and exports driven by strong demand from Asia have contributed a lot to our annual GDP, demonstrating the importance of mining in Australia. Other sources of electricity are also dependant on mining. Mined uranium is used to fuel nuclear reactors, and even the boom in ‘green’ energy is driven by mining – the steel and other materials used to build wind turbines and solar panels come from deep in the Earth.

Contact Us to Learn More

At CMQ Engineering, we are very aware of the importance of the mining industry, and especially the importance of mining in Australia. We are proud to support this vital source of economic growth by supplying the technology and mining plants used by mining firms nation-wide, and around the world. Get in touch with us today and let’s discuss how we can enhance your mining operations. Get started by calling on 07 3879 3288 or contact us through our online form for purchasing enquiries.