5 Bitumen Mining Business Success Stories [2024]

Pat Walls

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Updated: July 24th, 2023

Start A Bitumen Mining Business

Bitumen is a viscous substance that exists in a liquid to a semi-solid form of petroleum and is used in paving and roofing application.

The global demand for bitumen is primarily driven by the increased development of roads and snowballing property development industry. According to experts, the bitumen market size and share is growing at a CAGR of about 4.2% and will surpass the $65.8 million mark in a few years.

Therefore, starting a bitumen mining business can be profitable. The popular bitumen extraction methods are open pit mining and in-situ production. The bitumen extraction method depends mainly on how deep the deposits are below the surface. The in-situ extraction method recovers bitumen that lies too deep beneath the surface, while the open pit mining method applies where bitumen reserves are closer to the surface.

To start a bitumen mining business, register your brand and apply for the licenses and permits to begin mining in your region.

Here are some real life success stories of starting a bitumen mining business:

Learn more about starting a bitumen mining business:

Where to start?

-> How much does it cost to start a bitumen mining business?
-> Pros and cons of a bitumen mining business

Need inspiration?

-> Examples of established bitumen mining business

Other resources

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Starting A Bitumen Mining Business: Everything You Need To Know

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