What is the impact of extractive industries on the environment?
Around the world the extractive sector is associated with a range of serious environmental challenges: land clearance and degradation; the use of dangerous chemicals; acid drainage from mine sites; the loss of biodiversity; intensive water use; pollution from poorly disposed waste; and dust and airborne pollution; as …
What are examples of extractive industry?
Extractive industries are the businesses that take raw materials, including oil, coal, gold, iron, copper and other minerals, from the earth. The industrial processes for extracting minerals include drilling and pumping, quarrying, and mining.
What is a extractive industry?
Extractive industry can be defined as a processes that involve different activities that lead to the extraction of raw materials from the earth (such as oil, metals, mineral and aggregates), processing and utilization by consumers.
How does mineral extraction affect biodiversity?
When the mine is in use, whatever lived where that mine will obviously have been destroyed or will have relocated. Thus, local biodiversity will decrease while the mine is active. The overall biodiversity of the larger area may or may not change.
What are the negative effects of extraction industries?
Moreover, the extractive sector and associated activities are frequently linked to a host of direct and indirect negative health effects. These include workplace exposures, environmental contamination, and resource depletion, with the latter two also leading to reduction or loss of livelihoods.
Which industries are involved in extraction of natural resources?
(1) Mining, quarrying and logging industry refers to the industry that extracts natural resources, including extraction of petroleum, coal, metal and non-metal ores. (2) Raw materials industry refers to the industry that provides various sectors of the national economy with raw materials, fuels and power.
What is extractive industry and genetic industry?
…be divided into two categories: genetic industry, including the production of raw materials that may be increased by human intervention in the production process; and extractive industry, including the production of exhaustible raw materials that cannot be augmented through cultivation.
What are extractive resources?
Extractive resources such as oil, gas, minerals and timber can have a transformative impact on the development trajectory of a country. They can create jobs, generate revenue to fund basic government services and stimulate further economic growth.
What are the environmental impact of extracting mineral resources?
Mining operations often pollute the atmosphere, surface waters and ground water. Rainwater seeping through spoil heaps may become heavily contaminated, acidic or turbid, with potentially devastating effects on nearby streams and rivers.
What are the advantages and disadvantages of mining to the biodiversity?
Top 10 Mining Pros & Cons – Summary List
Mining Pros | Mining Cons |
---|---|
Higher tax income for governments | Habitat destruction |
Mining is crucial for technological progress | Biodiversity loss |
Mining is a mature technology | Endangerment of species |
Processes around mining are quite efficient | Mining can lead to ecological imbalance |
Why is natural resource extraction good?
If the institutions provide good protection of property rights and are favorable to productive and entrepreneurial activities, natural resources are likely to benefit the economy by being a source of income, new investment opportunities, and of potential positive spillovers to the rest of the economy.
What are the benefits of resource extraction?
They generally include revenue sharing, project support, social and environmental impact and development terms, etc., including residual benefits from infrastructural and industrial developments arising out of natural resource extraction and exploitation projects.