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Mining and metals Mining equipment overview The outlook for mining sector remains uncertain, and capex investment by miners remains low. The resulting decline in capex by miners does not bode well for equipment manufacturers.

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Industry Insights. The global mining equipment market size was valued at USD 120.82 billion in 2017 and is anticipated to record a CAGR of 11.7% during the forecast period.

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Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an orebody, lode, vein, seam, reef or placer deposit.These deposits form a mineralized package that is of economic interest to the miner. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay.

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6.1.1 Lead and Zinc Ore Mining Lead and zinc ore is nearly always mined below the surface of the ground. Some veins of ore lie as deep as several thousand feet but most deposits lie close to the surface. Lead and zinc ore is mined almost exclusively in underground operations, though a few surface operations do exist.

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Mining Equipment Market Overview: The global mining equipment market size is expected to reach $188,773.0 million by 2025 from $106,853.0 million in 2017, growing at …

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