Do you want to start a mining business or want to invest in the mining industry? If Yes, here are 50 best mining related business ideas & opportunities for 2018.

Mining is one of the oldest businesses in the world yet it hasn’t stopped being profitable. People have mined crude oil, gold, silver, and precious metals for centuries yet the mining industry is valued at around $500 billion, with an annual growth rate of 0.6%.

Mining is a very great business you should consider setting up but starting a mining business can seem like a daunting process for new comers to the industry especially with regards to identifying the most lucrative mining business niches to choose from.

Below are 50 different mining related business ideas that you can invest in. Some of them are low cost business ideas that you can start with little or no money just in case you are worried that you may not be able to afford the huge capital required to start a mining related business.
50 Best Mining Related Business ideas & Opportunities for 2018

1. Quartz Mining: Quartz, also known as glass-sand or silica sand is a type of sand that is commonly used in the glass manufacturing industry. Quartz is used in manufacturing glass bottles, optical instruments, windows, electrical insulation, doors, aircraft parts, and other glass ware. Quartz Mining is a very lucrative mining business where you may never fall short of customers to patronize your business.

2. Gold Mining: If you live in cities with gold deposits or if you can get a mining permit to work in such cities, you will make a lot of money because gold is a very valuable commodity both in the financial industry, and the jewelry making industry.

3. Diamond Mining: Another highly valuable commodity especially in the fashion industry is diamond mining. Diamonds are very expensive and highly valuable hence many couples engage themselves with diamond rings worth millions of dollars. Diamonds are also very popular amongst investors because the value continues to rise just like gold.

4. Gemstone Mining: You can also mine gemstones like ruby, sapphire, amethyst, zircon, tourmaline, topaz, and so on. These are also very popular amongst jewelry makers and collectors.

5. Coal Mining: Coal is another highly demanded commodity that would fetch you a lot of money. Coal is used in many manufacturing companies, and it is also used to power up fireplaces in people’s homes.

6. Kaolin Mining: Kaolin, also known as clay minerals is largely used in the industrial sector for making rubber paints, porcelain, paper, and several other items. It is also used in making of some types of drugs especially drugs meant to treat diarrhea and dysentery. You can mine kaolin and supply them to the medical industry, porcelain or paint manufacturing industry, or any other industries that deal in making paper and rubber paints.

7. Crude Oil Mining: Gasoline is made from crude oil and 90% of vehicles today run on gasoline so crude oil mining can easily make you rich however, the industry is a very competitive one, and the business is very expensive to set up. Plus you have to get a mining permit in a city or country with crude oil reserves so there’s no gainsaying that this business is only for deep-pocketed individuals.

8. Columbite Wolframite and Tantalite (Coltan) Mining: Coltan is a highly valuable mineral that is used in the electrical and cable-making industry to improve alloy strength. They are found in large deposits in countries like Canada, Australia, Brazil, and China.

9. Granite Mining: Granite is a type of stone that is used in the construction industry. It is also one of the easiest mining businesses to start, and you can make a lot of money from supplying granite to construction companies, or people carrying out building projects.

10. Iron Ore Mining: Another mineral that you can easily mine for profits is iron ore. Iron ore is used in steel production and engineering, and for making electromagnetic devices among other things.

11. Lead Mining: You can also mine lead, which is used in making ammunitions, television, and nuclear weapons. The market for lead is very large and profitable.

12. Bitumen Mining: Bitumen is used to make asphalt used in road construction projects, or roof making. Bitumen mining would no doubt earn you a lot of money.

13. Zinc Mining: You can also consider mining zinc, an essential metal used in the construction and drug manufacturing industry.

14. Limestone Mining: Limestone is used to make cement, an essential ingredient in building construction. You can earn money from supplying limestone to cement production companies.

15. Uranium Mining: Uranium ore is a very rare mineral and 39% of the world’s uranium deposit is in a country called Kazakhstan. It is also found in small deposits in countries like Canada, Russia, Australia, Namibia, Niger, China, and of course, the United States.

16. Bauxite Mining: Bauxite is a mineral rock that is converted to aluminum. Aluminum is a widely used item, which makes mining bauxite a very lucrative business venture.

17. Cobalt Mining: Another mineral that very few people know about is cobalt. Mining cobalt can easily make you rich because it is used in manufacturing magnets, aircraft gas turbine engines, magnetic coatings, and wear-resistant applications. You can easily make money from supplying cobalt to any companies involved in manufacturing these items.

18. Tin Mining: Tin is a very versatile mineral used in the metal industry, food production industry, and the electrical cable manufacturing industry.

19. Fluorite Mining: Fluorite is another mineral used in a lot of industries. You can sell the proceeds of your fluorite mining operations to companies involved in the production of toothpaste, hydrofluoric acid, carbon electrodes, and paint pigments.

20. Platinum Group Metals Mining: Platinum group metals include metals like platinum, rhodium, palladium, osmium, and iridium, used in the pharmaceutical, jewelry making, organic chemical and automobile industries. They are also used in the dental industry to make dental crowns and bridges.

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