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The Need of Mining Industry - A SWOT analysis

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Author Affiliations

  • 1 Project Lead, Cyient Ltd., Software Units Layout, Infocity, Madhapur, Hyderabad-500081, Telangana, INDIA
  • 2 Consultant, Mumbai, Maharashtra, INDIA

Int. Res. J. Earth Sci., Volume 3, Issue (8), Pages 32-36, August,25 (2015)

Abstract

Mining Industry has accelerated economic growth since its inception. Currently the industry has been transformed in many ways and broken down barriers to complex challenges through automation in Mineral Exploration – Extraction - Processing and also in mining Environmental/Safety related concerns. But due to turbulence in mineral commodity prices, market volatility, increasing regulations, dwindling profits and changing global demand has created ‘an uncertainty phase’ in the mining industry. It has pushed mining companies to shift their strategies. Effective mining strategic decisions provide the appropriate operational actions at the right time. Mining industry today facing with unprecedented challengesand the present need of the industry is to turn all challenges into real business value. This paper aims to throw a light on the current “Need of the mining industry” by way of SWOT analysis.

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