Tag Archives: Magnesite Market Report

****** Magnesite Market Was Valued At $8 Billion In 2017 According To TBRC’s Latest Report

Magnesite mining include mining of magnesite ores that is used in pharmaceutical and chemical applications. Magnesite is a whitish mineral consisting of magnesium carbonate, used as a heat-resistant lining in some furnaces.

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The ****** magnesite market was valued at $8 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region in the market, accounting for more than one-third of the ****** market share. The market saw a growth as the use of renewable energy is helping magnesite mining companies to reduce energy consumption and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent and also economical. BHP Billiton, RioTinto, and Barrick Gold have started implementation of renewable energy sources in their mines.