Benefits of mining include supply of raw materials needed for construction of roads and hospitals or manufacturing of products, such as automobiles; employment creation; source of income; and foreign exchange for the mining country. Mined substances are used to build houses and make computers and satellites. Electricity is also generated from mined materials.Continue Reading
Well-structured mining engages with the locals and provides them with jobs, raising the living standards of the community. Revenues generated from mining activities help in developing facilities, such as schools, hospitals and other social amenities. These activities promote business enterprise in the mining regions. For instance, they promote growth in rental houses to provide accommodation for miners. Growth in businesses, such as hotels, is expected to cater to worker needs. Mining resources are important foreign exchange earners and contribute significantly to gross domestic product.
Mining is a source of mineral resources important for maintaining and upgrading living standards. It is the extraction of valuable and non-renewable minerals or other geological substances from the earth. Materials acquired through mining include metals, limestone, rock salt, gemstone, coal, oil, gravel, gold and clay. Mining is intended to obtain resources that cannot be produced through agricultural activities or manufactured artificially in a laboratory or factory.Learn more about Industries