Audit of Mining Industry

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companies involved in the extraction of valuable non-renewable resources like fossil fuels and minerals from the Earth which are strictly regulated by the government/ state where it operates.

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Mining Entities

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It is the process of extracting minerals, coal, ore, and other geological materials that can’t be fabricated using artificial means below or on the Earth’s surface.

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Mining

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(Type of mining operation) involves the removal of plant life, soil, and potentially bedrock to be able to access resource deposits. It is normally used for fairly shallow, non-precious deposits.

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Surface mining

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(Type of mining operation) involves digging down into the earth and creating tunnels and shafts that reach the deposits of resources.

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Underground mining

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(Type of mining operation) uses water to excavate, transport, concentrate, and recover heavy minerals from alluvial or placer deposits.

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Placer mining

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(Type of mining operation) involves leaving the ore where it is in the ground, and recovering the minerals from it by dissolving them and pumping the pregnant solution to the surface where the minerals can be recovered.

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In Situ Mining

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(phase of mining) encompass all actions in the field that precede feasibility studies.

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Exploration activities (The exploration phase)

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(phase of mining) consists of several principal activities: conducting a feasibility study, including a financial analysis to decide whether to abandon or develop the property: designing the mine; acquiring mining rights; filing an Environmental Impact Assessment (EIA); and preparing the site for production.

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Development of a mine (Development Phase)

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(phase of mining) is characterized by the removal of mineral resources from the earth in substantial quantities as mining operations commence.

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Extraction stage (Extraction Phase)

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(phase of mining)  starts before mining operations begin, requiring a detailed reclamation plan to restore or redevelop the land to a more natural or usable state.

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Mine closure and reclamation planning (Closure phase)