Overburden Mining Definition & Meaning | Manufacturing Term | CSIMarket
CSI Market
Sign In | Register

Glossary

Overburden Mining

Manufacturing Term

Overburden mining refers to the process of removing the top layer of soil, rock, and other debris to reach the underlying mineral resources. It is typically used in the mining industry to extract raw materials such as coal, sand, gravel, and ore. The process involves the use of heavy machinery such as bulldozers, excavators, and trucks to remove the overlying material and transport it to a designated location.

In the context of manufacturing industry, overburden mining can be used to extract raw materials that are used in the production of goods. For example, the mining of coal is essential for the production of electricity and steel, which are both critical components of many manufactured products. Sand and gravel, on the other hand, are commonly used in construction and manufacturing processes such as concrete production. Additionally, the mining of ore is necessary for the production of metals such as copper, aluminum, and iron, which are used in a wide range of manufacturing applications.

Overburden mining can have significant impacts on the environment, including habitat loss, soil erosion, and water pollution. Mining companies are required to follow strict regulations to minimize these impacts and ensure sustainable resource extraction. However, the need for raw materials to support manufacturing and other industries means that overburden mining will likely continue to be an important process for the foreseeable future.


Metal Mining Industry Operating Statistics

More Glossary Terms Beginning with O
  • Off-Label
    Use of a drug for a disease or condition other than the indication for which it was approved by a regulatory authority, such as the FDA or EMEA.
    Health Care Term Letter: O
  • On Balance Volume OBV
    The concept behind the indicator: volume precedes price. OBV is a simple indicator that adds a periods volume when the close is up and subtracts the periods volume when the close is down. A cumulative total of the volume additions and subtractions forms the OBV line. This line can then be compared with the price chart of the underlying security to look for divergences or confirmation. A rising vol
    Technical Indicator Letter: O
  • Oncology
    Branch of medicine which studies the characteristics of tumors, their classification, diagnosis and therapy.
    Health Care Term Letter: O
  • Open Pit Mine
    A mine that is entirely on the surface. Also referred to as an open-cut or open-cast mine.
    Manufacturing Term Letter: O
  • Open-label Clinical Trial
    A trial in which both the treating physician and the patient know whether they are receiving the experimental treatment or control/placebo treatment.
    Health Care Term Letter: O
  • Operating Cost Per Available Seat Mile Cost Per ASM CASM
    Represents operating expenses divided by Available Seat Mile ASMs. Airline Industry
    Transportation Term Letter: O
  • Operating Income Growth Rates
    The percentage of Operating Income change within a specific period (Y/Y year on year; Seq sequential, from proceeding period; TTM trailing twelve months).
    Fundamental Analysis Letter: O
  • Operating Margin
    The measurement of profitability, Operating profit margin represents proportion of Operating income (total sales less operating costs) to total sales. Operating Margin Formula = (Operating Income / Revenues) * 100
    Fundamental Analysis Letter: O
  • Operating Profit Margin
    The measurement of profitability, Operating profit margin represents proportion of Operating income (total sales less operating costs) to total sales. Operating Margin Formula = (Operating Income / Revenues) * 100
    Fundamental Analysis Letter: O
  • Operating revenue yield per Available Seat Mile Average Yield per ASM
    Represents the average scheduled flown passenger fare revenue for each available seat mile (ASM). Airline Industry
    Transportation Term Letter: O
  • Option
    The right, not the obligation, to execute a transaction at a designated price, generally involving equity interests, interest rates, currencies or commodities.
    Financial Term Letter: O
  • Option ARMs Mortgage Loans
    The option ARM residential real estate loan product is an adjustable-rate mortgage loan that provides the borrower with the option each month to make a fully amortizing, interest-only, or minimum payment. The minimum payment on an option ARM loan is based on the interest rate charged during the introductory period. This introductory rate has usually been significantly below the fully indexed rate.
    Financial Term Letter: O