Mining And Quarrying Trends In The Metal And Nonmetal Industries ? Mining Trends

Although faced with a slowdown in the world economy, continued inflation, and rising costs, the mining industry exceeded its 1974 raw mineral production value of $55.1 billion by 13%. The increase was due to value increases in the production of fuels and nonmetals; metals reported a decrease in value. Of 23 metals produced, 14 showed value increases; of 44 non-metals produced, 26 reported value in-creases. Because of increasing costs and depletion of high-grade reserves, the mining industry continued to rely on new technologies to maintain its profit margins. In the surface mining sector, the development of new tools and equipment played a large part in increasing production and maintaining this goal. Some of the types of equipment developed were instrumentation for control of pit slope stability, shovel power transmissions, electric wheel trucks, and single-flight conveyor systems.