{"id":41,"date":"2022-05-19T00:00:24","date_gmt":"2022-05-19T00:00:24","guid":{"rendered":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/saviom_new\/blog\/?p=41"},"modified":"2023-12-20T12:26:43","modified_gmt":"2023-12-20T12:26:43","slug":"resourcing-challenges-in-mining-industry","status":"publish","type":"post","link":"http:\/\/ec2-52-95-249-27.ap-south-1.compute.amazonaws.com:8000\/blog\/resourcing-challenges-in-mining-industry\/","title":{"rendered":"5 Resourcing Challenges in Mining Industry and Ways to Course Correct"},"content":{"rendered":"

According to a study<\/a>, the market size of the mining industry is expected to increase by 5.4% by the end of 2022.<\/em><\/strong><\/p>\n

This stat explains the importance of this growing industry. The mining sector plays a vital role in the global market as it is expanding exponentially while generating revenue and creating other precious assets<\/strong>.<\/p>\n

The mining industry is involved in extracting minerals and other geological materials such as coal, diamond, metallic ores, oil, etc.<\/span><\/p>\n

However, the extraction of reserves is not an easy feat. Numerous challenges plague this sector, such as depletion of ore reserves, environmental issues, safety hazards, resourcing bottlenecks, etc.<\/p>\n

Amongst these, resource-related challenges<\/a> such as skills shortage, sub-optimal utilization<\/strong>, etc., are significant obstacles that can bring mining projects to a halt.<\/p>\n

This blog discusses these challenges in-depth and the techniques to combat them.<\/p>\n

First, let\u2019s look into the mining industry and its characteristics.<\/p>\n

\"Mitigate<\/a><\/p>\n

How does the mining industry operate?<\/h2>\n

The mining industry extracts numerous raw materials using various modes and methods. There are four main mining methods: underground, open surface (pit), placer, and in-situ mining.<\/p>\n