Mining IndustryWhile exploration and mining can be conducted by individual entrepreneurs or small business, most modern day mines are large enterprises and these enterprises require large amounts of capital for establishment. Indian Mining Industry is a growing industry in Indian economy. In 1999-2000, it was estimated that mineral production (excluding atomic minerals) was approximately US$ 10.26 billion. Over 1.1 million people are employed in this industry.
There are various rubber products which are used in the mining industry. The most commonly used rubber product in this industry is the conveyor belt. Conveyor belts are typically very heavy-duty for applications in mines and quarries. These rubber belts may include transport of such materials as ore, stone, tailings, gravel, aggregate, etc. The rubber hoses are also used widely in the mining industry. Numerous types of rubber hoses are produced every year in various countries at the highest level of quality for the automotive, industrial and agricultural markets. There are rubber lined products as well which are used in the chemical and mining industries. These products include rubber-lined strainers, rubber lined dish ends and rubber lined bends. These rubber products are designed to withstand a variety of materials like lignite, coal, aluminium ore, iron ore, quartz and sand and also used to withstand corrosion, impact and abrasion.