What is the extractive industry?
Is this how you see the extractive industry?
Think again! Gone are the days of picks and shovels!
This is the extractive industry of today and the future!
Essentially the extractive industry is concerned with the physical extraction of metals, minerals and aggregates from the Earth.
The extractive industry is made up of the mining, quarrying, dredging, oil and gas extraction industries. These differ in what, how and where they extract.
Mining can be defined as the extraction of metals and solid fossil fuel, and extraction can take place in either an underground mine or in an above ground mine, known as a surface mine, 'open-cast mine', 'open-pit' or just 'pit'. Quarrying can be defined as the extraction of aggregates and industrial minerals above ground. Dredging can be defined as the extraction of marine aggregate underwater. Oil extraction can be defined as the extraction of liquid fossil fuel, and gas extraction can be defined as the extraction of gaseous fossil fuel.
With the world’s population predicted to increase from 6.5 billion to 9 billion by 2050, the demand for minerals is going to continue to grow.
In order to continue providing us with the essential materials we need for a modern society, the extractive industry is challenged with satisfying this growing demand whilst using fewer environmental resources; this requires science and engineering expertise at various levels.
Expertise in these fields are becoming scarce and the extractive industry is currently facing a global shortage of skilled professionals. This means that graduates of related fields, such as mining engineering, are in demand, and this is resulting in higher wages, faster career progression and plentiful opportunities of employment. For example, each graduate of mining engineering is receiving up to seven job offers upon graduating and graduates have a current starting salary of around £20-25,000 plus in the UK!
1. Challenging and enjoyable work environment
2. High level of job satisfaction
3. Wide variety of national and international work locations
4. Requirement for original and creative thinking
5. Opportunities for progressive career advancement
6. Working with the latest technology
7. Safe and professional work environment
8. Graduates are well paid versus many other industries
9. Achievements are well recognised and rewarded
10. Participation in an industry that underpins society
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