Analyzing the Mining Industry in the United States
United States mining industry is an important contributor to the nation’s economy and employs over millions of workers in this great endeavor to utilize the nation’s resources for growth and fuelling industry demand for raw materials which they process in order to remain global leaders.
The United States produces a wide variety of commodities from gold to coal. It has a land area of over 9.6 million square kilometers, 19,924 kilometers of coastline, and a population of over 298 million people. It uses 25% of the world’s energy reserves and spends more on maintaining its military might than most other country's entire GDP. It is with the support of the mining industry that the US has earned the coveted title of being the world's second largest producer of copper and gold, exporting over $26 billion worth of minerals and materials produced from minerals each year. Further, its mining industry employs over three million people directly and indirectly.
The US is split into ten provinces for geological purposes namely the: Pacific Mountain System; Columbia Plateau; Basin and Range; Colorado Plateau; Rocky Mountain System; Laurentian Upland; Interior Plains; Interior Highlands; Appalachian Highlands; and Atlantic Plain.
Aruvian’s R'search’s report – Analyzing the Mining Industry in the United States - explains the historical lineage of mining as instincts to search for resources honed and passed down from earlier generations. The techniques deployed since then have changed far to more organized and systematic as explained in the reports about the Surface & Sub Surface mining techniques. The report further examines the environmental impact of the mining industry and some of the past cases worldwide wherein heavy pollution excesses were noted.
The report provides a definition of the US Mining industry with a tabulation of its segments and the overall market overview with the economic contribution of this important industry. The major industry growth drivers and the challenges to growth which are placing a question mark on the future growth speed of this industry are enumerated in the report.
Aruvians’ report also indicates the trends running currently in the market and the future projection for growth analysis of the industry. The role of organizations which act as watch compliance in terms of worker health standards or the representative unions are also explained in this report in conjunction with the regulatory roles of the concerned departments of the government which are overseeing the industry.
The major input provided by this report is the application of Porter’s Five Forces Strategy Analysis to the US Mining industry and the PEST analysis of the industry. Together these analyze the overall competitive forces at work and the pull-push forces in the industry.
The report also profiles in detail the major players in the industry along with their financial analysis and company strategies; wherein it is also necessary to understand the overall mines present in the US geological capacity and the ores mined from them through which the report presents the complete picture of the nature, scope, health and potential to grow of the US Mining Industry.