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  • Essay / The impact of the mining industry

    Gold mining industry Gold mining is a global activity, with the exception of Antarctica where it has its operations on all continents, and From mines, gold is extracted of different types and scales. Mining and gold mining operations have multiplied around the world, far from the supply that was concentrated around forty years ago, when the majority of the world's population came from South Africa (Mikesell, 2017). Worldwide, the largest gold producer was China in 2016, which accounts for 14% of total annual production. But there is no other dominant region: 23% of all newly mined gold is produced by Asia. 17% of the total is produced by Central and South America. About 19% of production comes from Africa and 14% from the CIS region. Mineral production levels have increased significantly over the past decade, although large and new discoveries are increasingly rare and production levels are increasingly limited. Gold mining and mining production do not respond quickly to prices (Zhang, 2015). One source of global demand for gold for decades has been India, which imports nearly 1,000 tonnes in a good year. The World Gold Council is optimistic that Indian gold production is increasing its base, which is low. In fact, gold production is expected to double this year. According to the report, Deccan Gold Mines is the only listed gold explorer in Mumbai and plans to bring its Ganajur project in Karnataka into production in 2017. Annual production is expected to be just over 50,000 ounces (Verma, 2016) . During the year 2017, Deccan Gold Mines recorded a loss of 96250000 in the profit and loss account. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original EssayCash flows from operating activity, investing activity, and financing activity are (25,332,000), 1,449,000 and 8,798,000. The cash and cash equivalents as of March 31, 2017, the number is 7,774,9000. 1.2 Impact of the mining industry on the environment Local communities may be impacted by the mining industry both positively and negatively. Impacts considered positive such as employment and community development projects, which are considered important but the potential negatives cannot be offset by them (Goudie, 2018). The negative effects of the mining industry on the environment are water pollution. , loss of biodiversity, air pollution and soil erosion and the formation of skin holes. Mining methods affect air quality because unrefined materials rise to the surface when the site's mineral deposits are exposed. The requirement of mining is to remove soil, but vegetation is also removed; due to road traffic and wind erosion, particles are suspended in the air (Lodhia, 2014). Unrefined particles can be composed of toxic materials like lead, arsenic and cadmium. Human health is affected by these particles, leading to diseases related to the respiratory systems such as emphysema. Water pollution is also caused by mining and can include metal contamination, increased sediment levels in waterways, and acid mine drainage (Bell, 2014). Sources of water pollution resulting from mining include processing plants, tailings ponds, waste disposal areas, active or abandoned surfaces or haul roads. A threat.