Magnesite Mining includes mining of magnesite ores that is used in pharmaceutical and chemical applications. Magnesite is a whitish mineral consisting of magnesium carbonate, used as a heat-resistant lining in some furnaces.
The global magnesite market was valued at $7.4 billion in 2017. Asia Pacific was the largest geographic region accounting for $2.8 billion or 37.7% of the global market. The USA was the largest country accounting for $1.4 billion or 19.0% of the global magnesite market.
The use of renewable energy is helping magnesite mining companies to reduce energy consumption and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent and also economical. BHP Billiton, RioTinto, and Barrick Gold have started implementation of renewable energy sources in their mines.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The magnesite market is segmented into Magnesite Ore; Dead-Burned Magnesia; Fused Magnesia; and Others - Magnesite.
Magnesite Ore segment includes mining of magnesite ores.
Dead-Burned Magnesia segment includes mining of magnesite ores dead-burned magnesia.
Fused Magnesia segment includes mining of magnesite ores fused magnesia.
Others - Magnesite segment includes mining of magnesite ores other than dead burned and fused.
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