7 factors that influence the development of the mining sector

Mining is the extraction of valuable minerals or other geological materials from the earth from an ore body, lode, vein, seam, or reef, which forms the mineralized package of economic interest to the miner.

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The following are factors that influence the development of mining sector:

  • Availability of capital to be invested in mining
  • Nature of transport system
  • Availability of labour both skilled and unskilled

  • Nature of the market whether it is good or not
  • Water availability since water is needed for cooling engines of machines and cleaning of minerals
  • Nature of government policy whether it support or discourage mining sector
  • Availability of mineral deposit and their values

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