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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 depositThese deposits form a mineralized package that is of economic interest to the miner

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LONDON, Jan 28, 2015 /PRNewswire/ -- The global mining equipment industry is expected to grow at a CAGR of 35% during 2014-2019 The major drivers of the mining equipment industry are a strong demand for mining output and high commodity prices, led by economic growth and technological development

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Global demand for mining equipment is forecast to expand 70 percent annually to nearly $105 billion in 2019 Minerals and metals mining ,

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