Global Mining Waste Management Market Report and Forecast 2024-2032

Global Mining Waste Management Market Outlook

The global mining waste management market size is estimated to grow in the forecast period of 2024-2032 at a CAGR of 2.50% owing to the growing environmental concerns and rising industrialisation.

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News and Developments in the Market for Mining Waste Management

In May 2023, Hatch revealed that the already available technologies can reduce Australia’s mining waste by 30% in the next 10 to 20 years. The company identified tailings production impact by applying major technologies like ore sorting, advanced geometallurgy, in-situ extraction, advanced sensing, and particle sorting along with preferential fracturing.

Technology is being actively commercialised by a diverse group of researchers, METS (mining equipment, technology, and services) companies, and mining operators. The fact that half (50%) of the stakeholders are METS enterprises, whose main line of business is the provision of goods and services utilising these technologies, shows that commercialisation is under development. Therefore, technological developments are expected to aid the mining waste management market.

In April 2023, Bhubaneswar Municipal Corporation (BMC) announced the launch of the bio-mining procedure to regain the land earlier used as a waste dumpsite. The bio-mining process incorporates scientific management of dumped waste by digging the similar from the heap and separating it into several types. 
Compost created by the long-term biodegradation of organic waste can be used for farming, RDF can be used by cement plants, and non-dangerous inert waste can be used as low-lying area landfills.

In April 2023, Veolia launched the largest biorefinery project across the globe generating CO2-neutral bio-methanol through a pulp mill, situated in Finland. The project unlocks a considerable potential of this alternative source of feedstock for biofuel as well as biomethanol production. The refinery will be constructed using Veolia's innovative industrial scale method of producing biomethanol from commercial bioproducts, which safely combines the refining of crude sulphate methanol into the pulp production process.

This concept is developed in collaboration with Metsä Fibre, the largest cooperative forestry association in Europe. This is likely to increase the global mining waste management market demand.

Social Awareness, Growing Demand for Metals and Minerals, and Increasing Demand for Coal, to Drive the Market Growth

Mining waste includes substantial quantities of hazardous substances. It is produced through the procedure of extraction, beneficiation and processing of minerals which can be referred as mining waste management. Extraction is the primary phase that includes the primary elimination of ore from the earth.

• The global mining waste management market is anticipated to grow in the upcoming years due to rapid urbanisation and growing public awareness of the necessity to properly handle mining waste to protect the environment.

• The increasing research and development activities due to the rise in environmental awareness are likely to drive the market growth in the coming years.

• Due to the growing industrialisation in the emerging economies, the demand for fuel is surging, which is anticipated to aid the market growth.

• Robust demand for metals and minerals from the end-use industries is one of the key mining waste management market trends.

• An upsurge in the demand for coal is expected to drive the market growth because coal mining generates maximum amount of waste as compared to other minerals.

Increasing Exploration of Metals and Minerals, Growing Power and Energy Industry, Technological Advancements, and Sustainable Environment to Provide Lucrative Growth Opportunities

Rising Mineral and Metal Production

The surging exploration and production of minerals and metals are expected to aid the market for the key players due to the sustained cash inflow, huge investments in mineral exploration, and increasing demand for minerals with a growing population and the increasing standard of living.

Growing Energy and Power Industry

The growing energy and power industry along with the increasing electricity or power production is likely to create mining waste management market opportunities as most of the waste arises from fossil fuel cycles.

Technological Advancements

Mining waste management uses the best available technology in the production line, giving out less waste and the best products. These technological advancements are estimated to aid the market growth in the forecast period.

Sustainable Environment

Mining waste management incorporates both short-term and long-term strategies for environmental monitoring as the industry is responsible for a sustainable future. This is further driving the market growth.

Unskilled Workers and Acid Drainage to Pose as Challenges for the Mining Waste Management Market Development

Unskilled Workers

The scarcity of trained workers hampers the production which can further slowdown the company’s growth and negatively affect the management. This is expected to hinder the market growth of mining waste management.

Acid Drainage

Acid mine drainage is one of the most important environmental pollution problems linked with the mining industry. The main reason for acid mine drainage is the occurrence of sulphide and minerals in the rock of coal seams. At the time of mining, these sulphide minerals get exposed to mine water and air, and as a result hydrolysis and oxidation occurs in the generation of acid mine drainage. This is further expected to obstruct the market growth.

Mining Waste Management Market Analysis

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By mining type, the market is divided into opencast mining and underground mining. Based on mineral type, the market is segmented into coal, iron, aluminium, and copper, among others. The various types of mining waste are overburden and waste rock, tailings, and mine water, among others.

The major regions covered in the mining waste management market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The comprehensive EMR study offers a SWOT analysis and a detailed analysis of the market based on Porter's five forces model.

The report gives a detailed analysis of the following key players in the global mining waste management market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Enviro-Serve Inc.

• Hatch Ltd.

• Veolia

• Golder Associates Inc.

• Cleanway Environmental Services

• Aevitas

• Others

Opencast Mining Segment Augmenting the Market Growth

On the basis of mining type, the opencast mining segment is augmenting the mining waste management market growth as it is the most widely used technique of mining copper. It is completed by producing and utilising terraces or benches to progressively go deeper under the surface of the earth. It has higher productivity, and is safer, cheaper, and mechanically simple to operate.

Underground mining is employed to remove ore from below the earth’s surface economically, and safely, with as little waste as possible. In this type of mining, limited surface land is used for the entrance system and development of infrastructure. Miners dig a shaft into the ore and deposit a horizontal or vertical tunnel to do underground mining. The underground mine develops as mining follows the vein of ore.

Rise in Demand for Coal Augmenting the Market Growth

Based on mineral type, coal is expected to bolster the mining waste management market value as the growing demand for coal is meeting the global energy needs. Also, the segment growth is anticipated to be aided by rising coal production, as along with the coal companies digging deeper and even choosing poorer grades of coal.

The growing utilisation of iron mine tailings fuels the economic growth. Moreover, waste from iron ore mines has been tried for their use as a construction material with the help of geopolymerisation technology, which is likely to fuel the segment growth.

The most considerable waste products from the aluminium production are air emissions involving carbon dioxide and perfluorocarbon gases from the anodes and electricity production.

Copper mining generates a substantial quantity of mining wastes owing to the shape of the ore body, and deposits being sited under cover, along with low ore grades on the scale of 0.5 – 1.5%.

Tailings Segment to Fuel the Market for Mining Waste Management

According to mining waste management market forecast, the tailings segment is likely to provide an impetus to the market growth as the utilisation of tailings generates more sustainable by-products. This incorporates commercial concrete and shotcrete products for self-sustaining uses like brick, mine roads, and tile manufacture, insulation, or even foamed products.

Overburden and waste rock is a soil layer that requires to be separated to access the ore being mined. The overburden waste comes under primary waste. The composition as well as the quantity of waste rock, vary significantly from place to place, but such wastes basically include the minerals linked with both ore and host rock.

Mine water is the water utilised for the extraction of minerals which is likely to be in the form of liquids, like crude petroleum; solids, like iron, coal, sand, and gravel; and gases, like natural gas. Mine water management builds technologies for the management of surface and groundwater influenced by mining.

Asia Pacific to be the Leading Region in the Coming Years

The Asia Pacific region is likely to be the leading region in the mining waste management market share on account of the growing economic conditions in countries like Kazakhstan, Australia, and China, among others along with the surging population in the region. Government support in the form of initiatives towards better waste management and rising concerns for the environment are driving the market growth across the region.

With growing industrialisation in the region, increasing demand for metals and minerals, and growing demand for coal from end-use sectors such as power and energy, construction, electrical and electronics, and automotive, the market is likely to witness significant rise in the Asia Pacific region. The presence of key players in the region like Aevitas and increasing investment by major companies in construction are anticipated to drive the market growth.

China is expected to witness substantial growth rate across the world as the country has huge existence of large capital mines. Also, the growing mining industry and high mining production in China are likely to fuel the mining waste management market size as the mining industry aids in the economic growth of the country.

Mining impacts air quality, landscape stability, climate change, biodiversity, surface and groundwater quality and quantity. Therefore, the rising contribution of Australia towards mining waste due to these increasing environmental risks is further projected to propel the market over the coming years.

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Competitive Landscape

Hatch Ltd. is a Canada-based firm known as a multidimensional management, engineering as well as development consultancy across the globe. The firm is avidly dedicated to focus on a better planet with help of positive change. Hatch provides construction management, management consultancy, procurement, process control, and project implementation. The firm serves metallurgical, infrastructure, mining, and energy sectors across the globe.

Veolia is a France-based transnational company including activities in three major services and utility areas i.e., waste management, energy services, and water management. These are usually handled by public authorities. The company focuses to set a standard for other companies for ecological transformation.

Golder Associates Inc. is an international company that offers design and consulting, along with construction services for the environment, earth, and other related areas of energy. The company develops comprehensive, creative as well as sustainable engineering solutions for the coming time frame where society can grow. With these developments, the global mining waste management market is expected to boost over the coming years.

Cleanway Environmental Services is a company trusted for waste disposal and management solutions. The company provides an efficient, united waste management program customised for specific needs. Services offered by the company incorporate transportation and collection of waste, disposal of waste, and waste product recycling.

Aevitas is an India-based company and is one of the top engineering consulting companies. The company offers procurement, engineering, validation, construction management, and other related technical services to life sciences, chemical, and agricultural industries as well as infrastructure development facilities. The company is also known as an industry leader in offering environmentally responsible as well as cost-effective solutions for distinctive waste streams.

Enviro-Serve Inc. is leading e-waste management company that deals in various industries including oil and gas, mining, power generation, automotive, construction, and chemical, among others. The company offers a variety of specialised goods and services made to handle the majority of waste management problems in different sectors.

Key Highlights of the Report