Mining Tailings Management Market
PUBLISHED: 2024 ID: SMRC26639
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Mining Tailings Management Market

Mining Tailings Management Market Forecasts to 2030 - Global Analysis By Type (Conventional Tailings, Thickened Tailings, Paste Tailings, Filter Tailings and Other Types), Mineral Type, Mining Method, Application, End User and By Geography

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4.7 (52 reviews)
Published: 2024 ID: SMRC26639

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Mining Tailings Management Market is accounted for $17.1 billion in 2024 and is expected to reach $25.2 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Mining tailings management refers to the strategies, techniques, and processes used by mining companies to handle and dispose of the waste materials generated during mining operations. These waste materials, known as tailings, often consist of ground-up rock, chemicals, and other residues from the extraction process. Tailings must be stored in secure facilities to prevent environmental contamination. This often involves constructing tailings dams or using other containment structures.

Market Dynamics: 

Driver: 

Focus on resource efficiency and circular economy

Efficiency and circular economy principles are revolutionizing mining tailings management. Through advanced technologies like sensor-based sorting and recycling, mining companies can recover valuable minerals from tailings, reducing waste and environmental impact. Reusing water and integrating renewable energy sources further enhance resource efficiency. Circular economy models promote the continual use of materials, turning what was once considered waste into valuable resources.

Restraint:

Technical expertise and infrastructure limitations

In the market, technical expertise plays a crucial role in addressing challenges like tailings dam stability, water management, and environmental impact mitigation. However, infrastructure limitations, such as inadequate tailings storage facilities, outdated equipment, and limited access to advanced monitoring technologies, hinder effective management practices. Bridging these gaps requires investments in skilled personnel, modern infrastructure, and innovative solutions for sustainable tailings management in the mining industry.

Opportunity:

Rising demand for metals and minerals

The market is experiencing a surge in demand for metals and minerals. This trend is driven by the growing need for sustainable practices in resource extraction and environmental protection. Stakeholders are investing in innovative technologies and strategies to efficiently manage mining waste and extract valuable materials from tailings. This shift reflects a broader industry focus on responsible mining practices and the circular economy, driving significant growth opportunities in the sector.

Threat:

High cost of implementation

The market faces significant hurdles due to the high cost of implementation. This cost encompasses advanced technologies for tailings disposal, including monitoring systems, containment structures, and environmental remediation measures. Additionally, compliance with stringent regulations further escalates expenses. Companies must allocate substantial financial resources for research, development, and operational deployment of these solutions, posing a substantial barrier to entry and expansion within the industry.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the Mining Tailings Management market. Supply chain disruptions, labor shortages, and project delays were notable challenges. Companies faced operational constraints due to lockdowns, impacting tailings management strategies. However, the crisis also accelerated digital transformation in the industry, promoting remote monitoring and automation solutions. Environmental concerns and regulatory pressures remained, driving innovation in sustainable tailings disposal methods.

The paste tailings segment is expected to be the largest during the forecast period

The paste tailings are expected to be the largest during the forecast period. Unlike traditional tailings, paste tailings are mixed with a binder to form a more solid consistency, reducing water content and minimizing environmental impact. This technology allows for better containment and reduces the risk of tailings dam failures, enhancing safety and long-term stability. With increasing environmental concerns, paste tailings represent an innovative approach towards responsible mining practices and efficient resource utilization.

The reprocessing segment is expected to have the highest CAGR during the forecast period

The reprocessing segment is expected to have the highest CAGR during the forecast period. By employing advanced technologies and methodologies, reprocessing enables the extraction of valuable minerals and metals from previously discarded tailings. This not only reduces environmental impact by minimizing waste but also presents economic opportunities through resource recovery. The reprocessing segment within the mining tailings management market is experiencing significant growth, driven by sustainability goals and the increasing demand for efficient resource utilization

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Companies in this sector are investing heavily in advanced technologies such as tailings dewatering systems, geopolymer technology, and remote monitoring solutions to minimize environmental impact and enhance operational efficiency. With increasing awareness about the long-term consequences of improper tailings disposal, the demand for innovative and eco-friendly tailings management solutions continues to grow across the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to the region's extensive mining activities and the growing focus on environmental sustainability. he market has seen a rise in innovative technologies for tailings management, such as dry stack tailings, which reduce water consumption and the risk of environmental contamination. These technologies are increasingly being adopted by mining companies in the region to comply with regulations and improve their sustainability credentials.

Key players in the market

Some of the key players in Mining Tailings Management market include Vale, BHP, Rio Tinto, Anglo American, Glencore, Freeport-McMoRan, Newmont, Teck Resources, Southern Copper Corporation, Codelco, Hindustan Zinc Limited, Antofagasta Minerals, China Shenhua Energy, Norilsk Nickel, MMC Norilsk Nickel, Barrick Gold and Goldcorp.

Key Developments:

In March 2024, Anglo American and Nittetsu Mining (Nittetsu) have signed a memorandum of understanding to collaborate on a variety of commercial and sustainability initiatives to further advance sustainable mining practices in the copper industry.

Types Covered:
• Conventional Tailings
• Thickened Tailings
• Paste Tailings
• Filter Tailings
• Other Types

Mineral Types Covered:
• Gold 
• Copper 
• Iron Ore 
• Coal 
• Rare Earth Elements (REE) 

Mining Methods Covered:
• Open Pit Mining
• Underground Mining
• Placer Mining 

Applications Covered:
• Surface Disposal
• Underground Disposal
• Reprocessing
• Reclamation
• Other Applications 

End Users Covered:
• Mining
• Construction
• Energy
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Application Analysis      
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Mining Tailings Management Market, By Type    
 5.1 Introduction       
 5.2 Conventional Tailings      
 5.3 Thickened Tailings       
 5.4 Paste Tailings       
 5.5 Filter Tailings       
 5.6 Other Types       
          
6 Global Mining Tailings Management Market, By Mineral Type    
 6.1 Introduction       
 6.2 Gold         
 6.3 Copper         
 6.4 Iron Ore         
 6.5 Coal         
 6.6 Rare Earth Elements (REE)      
          
7 Global Mining Tailings Management Market, By Mining Method   
 7.1 Introduction       
 7.2 Open Pit Mining       
 7.3 Underground Mining      
 7.4 Placer Mining       
          
8 Global Mining Tailings Management Market, By Application    
 8.1 Introduction       
 8.2 Surface Disposal       
 8.3 Underground Disposal      
 8.4 Reprocessing       
 8.5 Reclamation       
 8.6 Other Applications       
          
9 Global Mining Tailings Management Market, By End User    
 9.1 Introduction       
 9.2 Mining        
 9.3 Construction       
 9.4 Energy        
 9.5 Other End Users       
          
10 Global Mining Tailings Management Market, By Geography    
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia      
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa     
          
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions       
 11.5 Other Key Strategies      
           
12 Company Profiling        
 12.1 Vale        
 12.2 BHP        
 12.3 Rio Tinto        
 12.4 Anglo American       
 12.5 Glencore        
 12.6 Freeport-McMoRan       
 12.7 Newmont       
 12.8 Teck Resources       
 12.9 Southern Copper Corporation      
 12.10 Codelco        
 12.11 Hindustan Zinc Limited      
 12.12 Antofagasta Minerals      
 12.13 China Shenhua Energy      
 12.14 Norilsk Nickel       
 12.15 MMC Norilsk Nickel       
 12.16 Barrick Gold       
 12.17 Goldcorp        
          
List of Tables         
1 Global Mining Tailings Management Market Outlook, By Region (2022-2030) ($MN)  
2 Global Mining Tailings Management Market Outlook, By Type (2022-2030) ($MN)  
3 Global Mining Tailings Management Market Outlook, By Conventional Tailings (2022-2030) ($MN)
4 Global Mining Tailings Management Market Outlook, By Thickened Tailings (2022-2030) ($MN)
5 Global Mining Tailings Management Market Outlook, By Paste Tailings (2022-2030) ($MN) 
6 Global Mining Tailings Management Market Outlook, By Filter Tailings (2022-2030) ($MN) 
7 Global Mining Tailings Management Market Outlook, By Other Types (2022-2030) ($MN) 
8 Global Mining Tailings Management Market Outlook, By Mineral Type (2022-2030) ($MN) 
9 Global Mining Tailings Management Market Outlook, By Gold  (2022-2030) ($MN)  
10 Global Mining Tailings Management Market Outlook, By Copper  (2022-2030) ($MN) 
11 Global Mining Tailings Management Market Outlook, By Iron Ore  (2022-2030) ($MN) 
12 Global Mining Tailings Management Market Outlook, By Coal  (2022-2030) ($MN)  
13 Global Mining Tailings Management Market Outlook, By Rare Earth Elements (REE) (2022-2030) ($MN)
14 Global Mining Tailings Management Market Outlook, By Mining Method (2022-2030) ($MN) 
15 Global Mining Tailings Management Market Outlook, By Open Pit Mining (2022-2030) ($MN) 
16 Global Mining Tailings Management Market Outlook, By Underground Mining (2022-2030) ($MN)
17 Global Mining Tailings Management Market Outlook, By Placer Mining (2022-2030) ($MN) 
18 Global Mining Tailings Management Market Outlook, By Application (2022-2030) ($MN) 
19 Global Mining Tailings Management Market Outlook, By Surface Disposal (2022-2030) ($MN) 
20 Global Mining Tailings Management Market Outlook, By Underground Disposal (2022-2030) ($MN)
21 Global Mining Tailings Management Market Outlook, By Reprocessing (2022-2030) ($MN) 
22 Global Mining Tailings Management Market Outlook, By Reclamation (2022-2030) ($MN) 
23 Global Mining Tailings Management Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Mining Tailings Management Market Outlook, By End User (2022-2030) ($MN) 
25 Global Mining Tailings Management Market Outlook, By Mining (2022-2030) ($MN)  
26 Global Mining Tailings Management Market Outlook, By Construction (2022-2030) ($MN) 
27 Global Mining Tailings Management Market Outlook, By Energy (2022-2030) ($MN)  
28 Global Mining Tailings Management Market Outlook, By Other End Users (2022-2030) ($MN) 
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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