Mining and mineral: how to make money in mining industry. Find or list mining business opportunities and mining business ideas
Mineral and Mining
There are business opportunities in mining industry such that one can make money in mining by engaging in mining business or mineral business. The mining industry have rooms for new and existing investors. Doing business in the mining industry can be very profitable business if you have a good mining business plan or mineral business plan in place for any of these mining industry business ideas or mineral business ideas. While some of these business ideas in the mining industry require much capital and high level of experience, however some of these ideas require little or no capital and experience. No matter how capital intensive any business may be it is common to always start small and expand with time. The mining industry is a source of job and wealth creation. Infact, the mining sector is very important for economic diversification for a sustainable economy.
According to Geology, minerals are inorganic materials that occur naturally and having definite chemical composition ( that accounts for their chemical properties ) and physical composition ( that accounts for their physical characteristic properties). Minerals exist in mines which are ores from which minerals are obtained by the mining process which is concerned with the exploration of minerals. While all minerals are not gemstones but gemstones are minerals. Also while some minerals are very common others are not common. Some metals can also classified as minerals. Examples of minerals includes limestone, coal, gold, silver, gemstones, iron ore, lead, zinc, granite, talc, lithium, bitumen, columbite or tantalite, barite, bentonites, to mention but a few.
The mining industry can only exist in a country that is blessed with mineral resources. Mineral resources varies in quantities and qualities from country to country. However, a few countries do not have mineral resources and so they focus on importing minerals as raw materials from mineral-rich countries for manufacturing products. Even when minerals are present in virtually all countries the minerals are not available in commercial quantities.
Requirements for Mining Business (Requirements for Mineral Business)
The requirements for a mining business varies from country to country hence it is recommended to contact the relevant government agency that deals with minerals. Basically, a mining business can be carried out through different forms of business ownership such as sole proprietorship, private partnership, public-private partnership or incorporation so long the necessary documents for starting the mining business are in place and you have been authorized to engage in mining by being granted a mining license by the government because illegal mining is a serious offense.
Some Challenges for Mining Business
The challenges for starting and running a mining business differs from country to country. However, some of the challenges includes but not limited to inadequate funding, irregular power supply, poor roads, lack of standard ports, illegal mining, price fluctuation of minerals, poor security, community issues and poor infrastructural development.
Business Opportunities in the Mining Industry (Business Ideas on How to Make Money In Mining Industry).
The mining industry has some business opportunities for existing and new investors that are passionate about making money in the mining industry. Some of the business ideas in mining industry to make money are as follows.
- Mining Blog or Mineral Blog: One way to make money in the mining industry is by starting a mining blog or mineral blog. If you have knowledge or passionate about mining and minerals you can make money blogging about mining or blogging about minerals. As a mining blogger or mineral blogger, your blog can be a good resource for people interested in mining or minerals. As your mineral and mining industry blog grows, you can monetize it through google adsense and other advertising networks so long you meet their publishers’ requirements and abide with their policies as a publisher. You can also use affiliate marketing by promoting minerals and mining equipment and mining machinery simply by applying as an affiliate to mineral and mining industry affiliate programs. If you become an authority blogger in the mining and mineral niche, you can also attract direct advertisers in the mining and mineral sector. Blogging can be done part time or full time and it does not require much capital rather than buying a domain name and web hosting. After which you can keep writing unique contents and promoting your blog to attract visitors. One of the ways on how to make money in the mining sector is by blogging about mining and minerals as a mining and mineral blogger.
- Mineral and Mining Magazines, Mineral and Mining Books or Mineral and Mining Ebooks: You can make money in mining industry by having magazines on mineral and mining or writing and publishing books and ebooks on minerals and mining for sale. There is no doubt that by you can make money in the mining sector by writing and publishing magazines, books or ebooks about minerals and mining.
- Mining and Mineral Business Consultancy: If you are extremely good in minerals and mining business, you can make money in the mining industry by offering mining and mineral business consultancy services for local and international clients. As a consultant, you are expected to offer advice, suggestions and directions for new and existing investors in the mining industry. Individuals and companies doing mining business or those interested in doing mining business will contact your for your consultancy services in the mining industry and they will be happy and willing to hire and pay for your services. Therefore, mining business consultancy services is one of the ways you can make money in the mining sector as a mining business consultant for mining and minerals.
- Mining and Mineral Research: You can make money in the mining industry by offering mineral and mining research in the mining industry. As a researcher, mining industries will be willing to hire you to conduct research and get paid for it or receive local and international awards for your findings if published in mineral and journal. Mineral and mining research encompasses all aspects of the mining industry. Depending on your specialization you can focus on your area of specialization in mining and mineral industry. Hence mining and mineral research is one of the ways you can make money in the mining sector as a mining and mineral researcher.
- Mining and Mineral Marketing Research: If you have knowledge in mineral and mining marketing research, you can make money in the mining industry by offering marketing research for minerals or marketing research for mining businesses. New and existing businesses in the mining industry will pay you to for your marketing research service. Thus mining and mineral marketing research is one of the ways you can make money in the mining sector as a mining and mineral marketing researcher.
- Mining Business Plan or Mineral Business and Mineral Marketing Plan: You can make money in the mining industry by offering mining business plan or mineral business plan writing service if you are good in business plan writing. To narrow it down, you can decide to focus on mineral marketing plan writing if you are good in marketing plan writing. All that is required of you is to be have knowledge, experience and good research skills as well as being good with figures about the mining industry. There are startups and existing businesses out there that will hire you to write their mining and mineral business plans or marketing plans for a fee. You can really make money in the mining sector writing mineral and mining business plans or marketing plans.
- Mining: You can make money in mining industry by mining minerals. Mineral mining can be very profitable if done well. You can focus on mining minerals in your country or going international if you meet the requirements for mining in other countries. You can also focus on mining selected minerals or all minerals e.g gold mining, limestone mining, etc. Mineral mining is a good source of foreign exchange hence there is a high demand for minerals by manufacturers that need minerals for production. It is indisputable fact that one of the ways to make money in the mining sector is through mining of minerals.
- Mining and Mineral Transportation (Mining and Mineral Haulage Business ): Another way to make money in the mining industry is to offer transportation services for mining industry. The mined minerals are normally transported after mining to where they are refined and thereafter transported to where they are needed for production of other products. Thus, you can make money in the mining sector by offering haulage business service as mining or minerals transport service.
- Mineral Sourcing as a Mineral Sourcing Agent: Another way through which you can make money in mining industry is by sourcing minerals by acting as a mineral sourcing agent for interested businesses or individuals that buy minerals from mineral sellers locally or import minerals from mineral exporters. As a mineral sourcing agent, you act as a purchasing agent for the businesses you are sourcing the minerals for. Mineral sourcing agents are intermediary between those selling minerals and those buying minerals. If your country is endowed with minerals and you are familiar with where these minerals can be found, international companies can hire your service on a part time or full time basis to help them source for minerals thereby saving time, energy and other logistic issues. You can actually make money in the mining sector by sourcing minerals as a mineral sourcing agent.
- Mineral Brokerage as a Mineral Broker: You can also make money in mining industry by offering mineral brokerage service as a mineral broker. As a mineral broker, you get paid some percentage as commission for every successful mineral deal closed by your mineral broker service by connecting people buying and selling minerals. You can operate as a local mineral broker by connecting local buyers and sellers of minerals. Apart from being a local broker for minerals, you can be an international mineral broker by connecting mineral importers and mineral exporters. Thus, you can make money in the mining sector by offering mineral brokerage service as a mineral broker.
- Sales Representative or Mineral Sales Agent in Mining Industry: You can equally make money in the mining industry as a mineral sales representative ( mineral sales rep ) or mineral sales agent, mining equipment and machinery sales representative, mining chemicals sales representative or mining services sales representative depending on which area of the mining industry the business you represent is offering.. As a sales rep in the mining industry, your duty is to help sell the minerals, equipment and machinery, chemicals or services offered by the companies you represent either at the international, regional, national, state or local level. Hence, you can make money in the mining sector as mineral sales representative, (mineral sales rep) or mineral sales agent, mining equipment and machinery sales representative, mining chemicals sales representative or mining services sales representative.
- Mining Business Funding or Mining Business Financing as a Mining Business Financier: You can make money in the mining industry by financing mining businesses as a mining business financier if you have the financial capacity. As a mining business financier, you either finance mining businesses or those buying and selling minerals. Your financing can be in the form of a loan or having equity stake in the mining business. Without doubt, you can make money in the mining sector by funding mining business.
- Mining Insurance Business: You can make money in the mining industry by providing business insurance for the mining industry. This can be a very profitable business idea in the mining industry since mining is high risk business. All you have to do set up an insurance institution focused on the mining industry and employing the services of competent, professional and qualified insurance personnel . You can without fail make money in the mining sector through mining insurance service for mining businesses.
- Mining Chemical Sales: You can make money in the mining industry by buying mining chemicals or importing mining chemicals from mining chemical manufacturers or mining chemical exporters and selling the chemicals to mining chemical buyers or mining chemical importers. This is one of the ways you can make money in the mining sector by buying and selling mining chemicals.
- Mining Equipment and Machinery Manufacturing as a Mining Equipment and Machinery Manufacturer: You can make money in the mining industry by manufacturing mining equipment and machinery as a mining equipment and machinery manufacturer. As a manufacturer of mining equipment and machinery you can sell mining machinery and equipment to mining equipment and machinery buyers. Internationally, as a mining machinery and equipment exporter, you can export mining equipment and machinery to mining equipment and machinery importers that import mining equipment and machinery for resale, leasing or personal use. You can make money in the mining sector by manufacturing mining equipment and machinery for local sale or export as a mining equipment and machinery manufacturer.
- Mining Equipment and Machinery Sale or Mining Equipment and Machinery Leasing: One of the ways to make money in the mining industry is through mining equipment and machinery sale or mining equipment and machinery leasing. This mining industry business idea requires high capital investment since mining equipment and machinery are expensive. So, if you are financially buoyant enough you can invest in this mining business opportunity. Be rest assured that you can make money in the mining sector by offering mining equipment and machinery for sale or lease as mining equipment and machinery distributor or supplier.
- Mining Education and Training Institutions: You can make money in the mining industry by setting up a mining education or mining training institute. All you need is a license and approval to operate such institution so long you employ the services of competent, professional and qualified mining instructors. Even if you don’t have money to set up a standard mining education and training institution you can be organizing mining seminars offline or through webinars. Besides, as professional mining health, safety and environment officer, supervisor or manager you can focus on providing health, safety and environment training courses for the mining industry to analyze and prevent risks associated with mining such as landslides,spills, earthquakes, etc. Therefore you can make money in the mining sector through mining education and training institution or mining seminars.
- Quarry: You can make money in the mining industry through quarry business. There is a high demand for stones by construction companies hence stones are very important for the construction industry which is one of the reasons a quarry business can be a very profitable mining business opportunity if properly managed. You can make money in the mining sector by starting and running a quarry business.
- Oil-well Leasing: The mineral industry involves is not just about solid minerals. Petroleum or crude oil are extracted from oil-wells. You can make money in mining industry by leasing oil-wells. All that is required is having the capital invest in oil-well leasing business. You can lease oil-well from the government and then start crude oil mining or sub-lease the oil-well to other crude oil mining companies or investors. You can indeed make money in the mining sector through the leasing of oil-wells especially if you live in an oil producing country.
- Petroleum Refinery for Refining Petroleum: You can make money in the mining industry by setting up petroleum refinery for refining petroleum. Crude oil has little or no use unless it is refined in crude oil refinery. This is a very capital intensive business but can be very profitable if well managed. This is because there is a high demand for petroleum products globally despite emergence of alternative sources of alternative energy. Besides, petrochemical industry depends solely on petroleum industry. Thus, you can make money in the mining sector through petroleum refinery for refining petroleum.
- Petroleum Export as a Petroleum Exporter or Petroleum Import as a Petroleum Importer: You can make money in the mining industry by exporting petroleum as petroleum exporter or importing petroleum as petroleum importer. Petroleum export and petroleum import can be a very profitable business in the mining industry if done well. If you are in an oil producing country, you can start crude oil export business and if on the other hand you in a non-oil producing country but have connection with crude oil exporters you can start crude oil import business by importing crude oil to your country of residence so long you have license to export crude oil as a crude oil exporter or license to import crude oil as crude oil importer. Thus, you can make money in the mining sector through petroleum exportation and petroleum importation.
- Power Supply for Mining or Mining Power Supply: You can make money in the mining industry by providing power supply for mining businesses. This can be in the form of providing renewable sources of energy such as solar power from solar energy, wind power from wind energy, thermal power from thermal energy and Better still you can offer powerful generators for mining operation and get paid for your power supply. You can decide to sell these power sources or lease them. Without fail, you can make money in the mining sector through mining power supply.
- Mining Software Development or Mining Application Development: Another way to make money in the mining industry is to develop mining software or mining applications to improve mining business operation. Your responsibility as a mining software developer is to identify existing and new problems in the mining industry and then use the knowledge of software development in solving such problems. There is definitely no doubt that you can make money in the mining sector through mining software development.
In summary, there are many profitable business ideas and business opportunities in mining industry such that some of them require high capital investment and experience while others require little or no capital and experience.
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You can find or list offers in agriculture, oil and gas, petrochemical, mining/mineral, gemstone, metal, alloy and power/energy here .
You can also read:
- How To Make Money in Agriculture Industry
- How To Make Money in Oil and Gas Industry
- How To Make Money as a Sourcing Agent
- How To Make Money as a Sales Representative
- How To Make Money as a Broker
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