Mining Waste Management Market to Hit 208.33 Billion Tons by 2028; Seche Environnement Acquires Interwaste to Amplify its Market Position

The global mining waste management market size is expected to showcase considerable growth by reaching 208.33 billion tons by 2028. This information is published by Fortune Business Insights in a recent report, titled, “Mining Waste Management Market Size, Share & COVID-19 Impact Analysis, By Source (Surface Mining and Underground Mining), By Waste Type (Solid Waste {Waste Rock, Tailings, Others} and Liquid Waste), By Commodity (Mineral Fuels, Iron, Ferro Alloys, Industrial Minerals, and Others) and Regional Forecast, 2021-2028.” The report further mentions that the market stood at 167.20 billion tons in 2020 and is projected to exhibit a CAGR of 2.7% between 2021 and 2028. This is attributed to the factors such as the increasing focus on implementing stringent government regulations regarding proper waste management in the forthcoming years.

Séché Environnement Strengthens its Position in South Africa with Acquisition of Interwaste

In March 2019, Séché Environnement Group, a prominent provider of mining waste management solutions in France, announced its acquisition of Interwaste Holdings Limited. According to the company, the acquisition will help it to broaden its footprint in the South African region. One of the Séché’s officials, states, “We are focusing on leveraging the expertise of both the companies that are based on the environmental and social values. The acquisition will help us strengthen our position and provide advanced waste-management solutions across the mining sector.” Therefore, the initiatives undertaken by the companies to provide innovative waste management solutions for mining is expected to favor the market’s growth during the forecast period.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/mining-waste-management-market-101369

Increasing Focus on Implementation of Stringent Governmental Laws to Propel Growth

Several government agencies worldwide have enforced stringent norms and regulations regarding waste disposal and operations for mining. For instance, the federal laws in the U.S. have regulated the mining operations that includes Clean Water Act (CWA), Comprehensive Environmental Response, Compensation & Liability Act (CERCLA), Resource Conservation and Recovery Act (RCRA), Toxic Substances Control Acts (TSCA), National Environmental Policy Act (NEPA), and Clean Air Act (CAA). Violations of these regulations are met with high penalties and therefore compulsory adherence to these regulations is advised by the government. This is anticipated to bode well for the global market growth in the forthcoming years.

Contract Signing by Major Companies to Expand Their Product Portfolio and Boost Sales Revenue

The market comprises small, medium, and large companies striving to maintain their presence by signing strategic contracts with government agencies and private companies to expand their mining waste management portfolio. Moreover, other key players are adopting proactive strategies such as merger and acquisition, partnership, and facility expansion that will favor the growth of the market in the forthcoming years

Industry Development:

• June 2019: Veolia Ghana Limited signed an agreement with AngloGold Ashanti Limited, a leading gold mining company. As per the contract, Veolia will maintain and operate every water treatment plant for the Obuasi mines located in Ghana.

List of the Companies Operating in the Global Market:

• Enviro-Serve Inc. (South Africa)


• Hatch Ltd. (Canada)


• Veolia Environnement S.A. (France)


• Tetronics International (UK)


• Golder Associates Inc. (Canada)


• John Wood Group PLC (UK)


• Ramboll Group (Denmark)


• Tetra Tech, Inc. (USA)


• Ausenco (Australia)


• Seche Environnement Company (France)


• Cleanway Environmental Services (Australia)


• Aevitas (Canada)

Further Report Findings-

• Asia-Pacific stood at 76.62 billion tons in 2020 and is expected to hold the largest global mining waste management market share in terms of revenue in the forthcoming years. This is attributable to the countries such as China being the leading mining hub globally and accounting for over 24% of the market share that will propel the demand for advanced waste management solutions in the region.


• On the other hand, Europe is expected to hold the second position in the market in the forthcoming years. This is ascribable to factors such as the presence of several coal mines in countries such as Russia and Germany that will propel the adoption of advanced mining waste management solutions in the region between 2021 and 2028.


• Based on the commodity, the mineral fuels segment held a market share of about 83.9% in 2020 and is expected to dominate in the forthcoming years. This is due to the rapid-paced industrialization that is driving the demand for advanced mineral fuels globally leading to higher adoption of innovative mining waste management solutions.

Table of Segmentation: