Bioleaching Market to Register 4.9% CAGR and Hit USD 23 MN till 2027

SAN JOSE, Calif. - April 23, 2021 - PRLog -- Bioleaching (or biomining) is a mining and biohydrometallurgy (natural processes of interactions between microbes and minerals) method that uses microorganisms such as bacteria or archaea to extract precious metals from low-grade ore.

Acting as Economic alternative

Among the available mining technologies, bioleaching is becoming increasingly relevant. Bioleaching is no longer a promising technology, but rather an actual cost-effective treatment option for particular mineral ores.

A significant portion of today's large-scale bioleaching operations are in developing countries. This situation is influenced by the fact that many developing countries have substantial mineral reserves, as well as the characteristics of bioleaching, which make it particularly suitable for developing countries due to its ease of use and low capital cost.

New ways to finance mining

Novel funding and development models will become more popular as mining companies strive to reduce risk. Prices plummeted after China's demand sparked a commodity boom in the first decade of the twenty-first century, forcing mining companies to concentrate on lowering debt levels and strengthening their balance sheets.

Alternative funding options, such as royalty and metal stream arrangements, have been established to relieve the financial strain on mining companies. These funding options are likely to continue to expand in order to spread the risk of new capital-intensive projects. Companies may also consider forming joint ventures, similar to those seen in the oil and gas industry, to limit their exposure to a specific project or jurisdiction, as well as service agreements.

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