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Open pit mining -- or strip mining -- is an extraction process for ore or fossil fuels that takes place at the surface of a mining site Worldwide 40 percent of mining occurs at the surface according to Greenpeace International Compared with underground mining surface mining is much more efficient
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Aug 28 2018· The answer to this question will partly depend on the purity of gold 24k 18k 14k 10k If you re looking at investment as in buying bars of gold you ll want to buy 24k pure gold which has over time held steady and is less volatile than t
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Nov 01 2010· Advantages Economic gain The gold mined not only provides jobs but for the stockholders of the mining company it creates significant wealth Many companies also benefit by selling services and equipment to the mines Gold has limited industrial use but is …
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The expansion of platinum mining in South Africa … begun to offset these disadvantages The eastern limb accounted for a mere 6 per cent of platinum production in …
What Are the Advantages and Disadvantages of Mining
What are the advantages and disadvantages of mining The advantages and disadvantages of mining can be determined based on facts uncovered by scientists and by personal opinions One definite advantage is the fact that it brings … in large amount of profits for the companies doing the mining
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Dec 08 2018· Spread the loveMining involves the extraction of valuable minerals from the earth surface Mining can either be surface mining or sub-surface underground mining Mining not only beneficial to the surrounding community and public in general but it can also pose a lot of risks to the surrounding community Let s look at the pros and cons …
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Disadvantages Sadly there are more disadvantages of owning mining stocks than advantages If gold mining stocks skyrocket when the actual metal s prices go up the same happens when gold s prices go down Mining stocks decline sharply with even the slightest decrease in gold prices In 2011 the precious yellow metal peaked at around
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Mar 13 2018· Open pit mining does offer some advantages over traditional deep shaft mining Pit mining is more cost effective than shaft mining because more ore can be extracted and more quickly The working conditions are safer for the miners because there is no risk of cave in or toxic gas Open pit mining is the preferred
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Mar 10 2015· Gold Mining Stocks Pros and Cons The question that just keeps coming back should I invest in physical gold or gold mining stocks Which option is better What are the pros and cons of investing in gold mining stocks High Gold Prices Do Not Guarantee High Gold Mining Stock Prices
Advantages and Disadvantages of Investing In Gold Mining
What are the advantages and disadvantages of mining gold disadvantages of gold mining in kenya Gold mining is a dirty industry it can displace communities contaminate drinking water hurt workers and destroy pristine environments More Detail advantages and disadvantages of a quarry
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Jun 25 2018· Gold is a precious metal used around the world in jewelry electronics and even dentistry Mining for gold has some negative effects including erosion the use of cyanide loss of biodiversity and disruption of indigenous communities Concerns about the hazards of gold mining sometimes refer to that shiny metal as dirty gold
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Mining gives people a portion of the resources needed for modern civilization but it can also lead to environmental harm While some are in favor of mining due to the resources it produces and the jobs it provides in the U S some are opposed to mining based on opposition to destructive mining practices and environmental concerns
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Jan 24 2013· advantages and disadvantages of platinum mining in Santiago … How would life be for an american teaching English in Chile … What advantages and disadvantages would there be … have all gone up the mines to make their fortune More detailed
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advantages and disadvantages of gold mining in south africa - Gold What Is the Gold Standard However this is an advantage to the US which is the world s second largest gold mining …
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Oct 12 2016· What are some of the advantages and disadvantages of living in a remote mining town When people think mining jobs FIFO often springs to mind That s the best of both worlds right But in fact there are a whole host of advantages to taking a residential mining job …
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what are the disadvantages of mining for copper Mining Techniques of the Sierra Nevada and Gold Country The primary disadvantage was that the rocker had difficulty in trapping the The first mining ditches in Gold Country were most likely built to supply Long Toms The heavy material was placed into barrels where mercurycovered copper More details Get Price
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Apr 27 2015· According to MiningGlobal com longwall mining a type of underground mining that utilizes a longwall shearer accounts for 50 percent of coal mines in the world and is much safer than other methods of coal mining In 2011 Canada-based gold miner SEMAFO TSX SMF announced that by choosing to go underground the company s production rate
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Positive economic development is one of the primary advantages for mining gold in contemporary times Gold mining is a sector of trade and business that governments use to improve their nation s economic systems
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I can t see what other disadvantages that you refer to but to name a few I would propose a Gold is a finite resource and therefore once its gone there is no more to mine b Gold grades are progressively trending downwards requiring much larger
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I can t see what other disadvantages that you refer to but to name a few I would propose a Gold is a finite resource and therefore once its gone there is no more to mine b Gold grades are progressively trending downwards requiring much larger
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Jun 25 2018· Gold is a precious metal used around the world in jewelry electronics and even dentistry Mining for gold has some negative effects including erosion the use of cyanide loss of biodiversity and disruption of indigenous communities Concerns about the hazards of gold mining sometimes refer to that shiny metal as dirty gold
What are the advantages and disadvantages of gold - Quora
What are the advantages and disadvantages of mining The advantages and disadvantages of mining can be determined based on facts uncovered by scientists and by personal opinions One definite advantage is the fact that it brings … in large amount of profits for the companies doing the mining
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Jun 08 2017· What are some pros and cons of mining although it is an undeniable fact that mining affects our world enormously we ought not to demonize its practice while its benefits are constantly enjoyed by the large majority of people PROS I Economic incomes What are the advantages and disadvantages of underground mining
What are some more disadvantages of gold mining - Quora
Gold Mining Mining Shares Guide from BullionVault A detailed guide to gold mining the risks and disadvantages of gold mining on the quality of ore which can be profitably worked in the gold mining process Read more
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Disadvantages Sadly there are more disadvantages of owning mining stocks than advantages If gold mining stocks skyrocket when the actual metal s prices go up the same happens when gold s prices go down Mining stocks decline sharply with even the slightest decrease in gold prices In 2011 the precious yellow metal peaked at around
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It also causes less obvious problems Because only some people in an area benefit from mining but everyone faces at least some of the disadvantages mining can divide communities It can also lead to harassment or abuse from corporate or government officials who care more about the profits of mining than the people it affects
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Jun 21 2013· The pros and cons of deep sea mining INFOGRAPHIC June 21 2013 Features s11 admin Malavika Santhebennur It is believed there is over $150 trillion worth of gold in the seabed That is 10
Pros and Cons of Mining - Pros an Cons
What are the advantages and disadvantages of mining gold The advantage to a company and country is that gold is a storehouse of value Mining and The Antarctic Treaty prohibits any kind of commercial activity -- including mining -- south of 60 degrees South latitude 6 …
Pros and Cons of Mining - Pros an Cons
Sep 14 2013· The advantages and disadvantages of mining can be determined based on facts uncovered by scientists and by personal opinions One definite …
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Jun 09 2017· What are some pros and cons of mining although it is an undeniable fact that mining affects our world enormously we ought not to demonize its practice while its benefits are constantly enjoyed by the large majority of people PROS I Economic incomes What are the advantages and disadvantages of underground mining
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