Mining is the process of extracting ore or minerals from the ground. People started to practice mining many years ago. At first it was thought to be very helpful to mankind but as the years go by and as we discover many things to mine, the disadvantages of mining also evolved.
The definite advantage of mining is that it brings large amount of profits for the companies doing the mining and jobs for the people. It supplies raw materials that provide convenience to daily living. But more disadvantages come along with mining. The downsides of mining are: deforestation and pollution after these two is a chain reaction that will only cause troubles to human. Pollution is just one thing; the damage to both underground and surface environments is as shuttering. Another thing is the depletion of resources rather than the reuse of existing materials, or use of materials readily available on the surface, these said minerals will take hundred of years in order to generate again. Plus the dangers that it will cause to men, cave-ins, explosions, gas, radiation sickness, black-lung disease, asbestosis, and silicosis.
India is a very rich country in terms of natural resources. Mining industry is a major economic activity which contributes significantly to the economy of India. Mining started here ages ago so it is not surprising that deforestation and pollution are very common in the country. Due to the growing number of tribulations mining caused, the country struggles for solutions.
India is the largest producer of sheet mica, the third largest producer of iron ore and the fifth largest producer of bauxite in the world. India’s metal and mining industry was estimated to be $106.4bn (£68.5bn) in 2010.
India suffered so much, what sad is that the people who makes the sufferings are her people as well. What the government should understand is that they must be focus on issues at a time; they must give proper distribution of tasks his people so that they may be able to perform their jobs suitably. Those mentioned earlier were just part of the story; another issue in mining is the scams and frauds. Scam prevention can only happen if one knows how scam works. Although mining fraud is rare today, but, as in any type of business, there would still be people who will try to steal money from other people. Here is how you can prevent yourself from being scammed.
- If there is any pressure buy right away, forget it.
- The company has a secret or proprietary process to extract gold, silver, or platinum from rock that conventional tests cannot detect.
- Instead of selling shares of stock, the company is offering to sell the ore itself, and extract the metal from your ore for a fee. This is known as a “dirt-pile scam.” By not selling shares, the promoters are avoiding regulatory oversight, making it much easier to take your money.