The global green mining market size was estimated at USD 12.59 billion in 2023 and is projected to reach USD 15.92 billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030. The growth of this market is being driven by increasing concerns about environmental degradation, climate change, and the pressing need for sustainable development in the mining sector.

Governments across the globe are implementing initiatives to promote sustainable mining practices, recognizing that the mining industry is deeply interconnected with other sectors of the economy. By adopting greener approaches, mining operations can improve environmental performance across their existing supply chains and create new economic linkages that support sustainable growth.

The transition to green mining involves the integration of advanced technologies such as automation and digitalization, as well as the promotion of renewable energy adoption, environmental service solutions, and green infrastructure development. These strategies collectively enhance the environmental, economic, and social sustainability of mining operations.

In the United States, there are approximately 17,750 mine land sites spanning 1.5 million acres. These sites pose potential risks to surrounding populations by releasing harmful pollutants, which can contaminate air, soil, and water resources. To mitigate these impacts, the country is increasingly investing in green mining techniques that reduce environmental harm while supporting safer, more sustainable mining operations.

For example, in April 2023, under the Bipartisan Infrastructure Law, the U.S. Department of Energy (DOE) received funding of up to USD 450 million to support clean energy demonstration projects on both active and former mine lands. The deployment of these projects in mining communities is a significant step towards revitalizing rural economies, creating new employment opportunities, and reducing greenhouse gas emissions, thereby protecting public health and preserving local ecosystems.

Key Market Trends & Insights:

• In 2023, the Asia Pacific region dominated the global green mining market, capturing a revenue share of 38.65%. This leadership is largely due to the region’s rapid industrialization, extensive mining activities, and increasing governmental focus on sustainable and environmentally friendly mining practices. Countries in this region are investing heavily in innovative green mining technologies to balance economic growth with environmental preservation.

• Within Asia Pacific, China held a particularly strong position, with its green mining market accounting for approximately 41.39% of the region’s revenue in 2023. China’s dominance is driven by large-scale mining operations, strict environmental regulations, and the government’s commitment to integrating sustainability measures into the mining sector.

• When analyzed by technology, the power reduction technology segment emerged as the market leader in 2023, holding a 36.0% revenue share. This segment’s prominence reflects the industry’s ongoing efforts to reduce energy consumption, lower carbon emissions, and improve operational efficiency through innovative power-saving solutions.

• In terms of mining surface, the surface mining segment accounted for the largest share of the global market in 2023, representing over 66.0% of revenue. Surface mining is widely adopted due to its cost-effectiveness, scalability, and suitability for the application of green technologies, enabling companies to implement environmentally sustainable practices while maintaining productivity.

Order a free sample PDF of the Green Mining Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

• 2023 Market Size: USD 12.59 Billion

• 2030 Projected Market Size: USD 15.92 Billion

• CAGR (2024-2030): 3.5%

• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights:

Some of the key players operating in the global green mining market include Rio Tinto and Anglo American, both of which have established themselves as leaders in the mining industry by integrating sustainable practices and technological innovations into their operations.

Rio Tinto, a renowned global mining group, was founded in 1873 and is headquartered in London, United Kingdom. The company is primarily engaged in the exploration, mining, and processing of a wide range of minerals and maintains a significant international presence across 35 countries. Globally, Rio Tinto operates 17 iron ore mines, four bauxite mines, three copper mines, and six facilities for other minerals. Its organizational structure is divided into four main segments: iron ore, copper, aluminum, and minerals, allowing the company to focus strategically on resource extraction, sustainability, and innovation in each segment.

Anglo American, also headquartered in London, United Kingdom, is among the world’s largest mining companies. It has operations spanning Africa, Europe, South and North America, and Australia, producing a diverse range of commodities including diamonds, platinum, copper, iron ore, and coal. Anglo American’s global footprint and broad commodity portfolio enable it to leverage best practices in sustainable mining, energy efficiency, and environmental management, contributing to the advancement of green mining initiatives worldwide.

Key Players

• Anglo American

• Antofagasta PLC

• ArcelorMittal

• BHP

• CODELCO

• Freeport-McMoRan, Inc.

• Glencore Plc

• Rio Tinto

• Vale S.A

• Zijin Mining Group Co., Ltd.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The green mining market is experiencing steady growth, driven by increasing environmental concerns and the need for sustainable development in the mining sector. Governments worldwide are implementing policies to promote sustainable mining practices, leading to improved environmental performance and the creation of new economic linkages. The integration of new technologies, such as automation and digitalization, along with the promotion of renewable energy and green infrastructure, is further supporting the transition towards greener mining practices.