Granite is an igneous rock composed primarily of feldspar, quartz, and one dark mineral, which may be mica, pyroxene, or amphibole. Quartz makes up about 60% of granite, and it's responsible for the crystalline form of granite. This mineral is abundant in certain places worldwide, such as Brazil and India.
Granite is quarried for building stone, road gravel, and decorative stone. It has been used for construction for over a century because of its strength, durability, and versatility. It's a hard natural stone with resistance properties used for many purposes. Plus, it's easy to work with. Aside from construction, granite can be used as a decorative element in structures like residential homes, churches, and office buildings. This is because it comes in a variety of colors. It is also used for flooring and countertops because of its hardness and aesthetic value. In addition, the nature of granite makes it impossible for other materials to imitate because its properties lie in its amorphous form rather than its chemical composition.
Mining granite involves a series of complicated processes that can be hard to understand at once. First, the material is extracted by breaking down large rocks into chunks using explosives and heavy equipment. Then, these explosives are strategically placed into the ground to create a blast potent enough to separate granite from the bedrock. Once isolated and in smaller pieces called slabs, the granite is moved to trucks and transported to factories, where they are processed into secondary products.
After processing, the granite surface is polished with special polishing machines to retain its crystalline shine and smoothness. Once this is done, the granite is loaded onto shipping containers for delivery.
The granite industry is rapidly growing. As of 2020, it was valued at $17 billion. The market is expected to hit $23 billion in the next five years, with a CAGR of 4% from 2021 to 2027. Its versatility, durability, ease of use, and appearance are some of the top reasons why this material is widely used in construction. In addition, it is porous and water-absorbent, which makes it resistant to cracking. Granite's eco-friendly property is another factor that favors the use of this material. It's non-toxic and naturally occurring. Because it lasts a long time, there's less waste, which makes the environment cleaner.
Despite the lucrativeness of the granite market, investment opportunities are limited to selected individuals. As with the entire mining industry, the process involved in extracting minerals like granite is intensive. Heavy and expensive machinery is needed to perform this extraction, which only a few corporations and affluent individuals can afford.
Exploration has left several companies in debt due to unexpected poor profit margins. Due to the high extraction and production costs, smaller companies and investors are disadvantaged. They back down from investing in new mining projects because they lack the financial capacity to compete with the bigger corporations.
Besides expensive machinery, energy is another factor that makes investing in granite expensive. Granite is a naturally occurring mineral found underneath the earth. It is abundant in only selected locations around the world. Companies with enough resources are exploring new ways to extract this mineral from the crust with other forms of sustainable energy to curb environmental pollution. As a result, this process becomes more expensive than traditional mining.
Access to mining data is another issue. Potential granite investors like background knowledge of all the mining operations and insights that enable them to make better-informed investment decisions without actively getting involved. However, granite mining is complex and old-fashioned, with data limited to some demography – most especially those with deep pockets.
Global demand is soaring for granite, but its path across supply chains is complex, especially in an industry where commercial practices are over the top. Paper-based processes gulp millions of dollars every year. Due to the paper system, the traceability of minerals like granite, rights management, and adhering to regulations are becoming challenging to enact. Once granite is extracted, it moves between various parties. That inefficiency is expensive and creates room for fraud due to a lack of data transparency.
As mentioned, granite is found in specific locations around the world. It must be tracked to ensure the mineral is extracted responsibly and sustainably. That includes monitoring the mineral from the extraction point to the delivery point. Unfortunately, the current mining procedures are too archaic and will only lead to mineral smuggling.
Metallika is a blockchain-based company that aims to mitigate these prevalent issues in the mining sector. It aims to bring more transparency to granite traceability to curb fraud and mineral smuggling. In addition, Metallika will reduce paper documentation and time expended on manual processes. That will result in greater transparency, security, and ease of transportation, which minimizes costs.
Blockchain has the potential to change the way the mining industry operates. Due to its immutability and cryptography, it's difficult to manipulate or alter. The technology connects the commercial and operational aspects of mining. Metallika is leveraging the power of this decentralized technology to bring the much-needed changes the mining sector requires.
Through tokenization, Metallika will democratize mining and allow users to explore and extract granite at significantly reduced costs. Whether large corporations or small investors, everyone will have the opportunity to earn profitably mining granite.
Metallika’s data and insights will provide valuable and reliable information about granite and the mining industry, enabling investors to decide better. Granite mining data isn't only accessible to all investors with Metallika but tracking the mineral would be more straightforward. It will prevent smuggling and illegal exploration of granite. It will provide clients with peace of mind.
Metallika ensures investing in granite mining and participating in the processes of extraction and exploration are accessible via the METALLIKA token. METALLIKA is the utility cryptocurrency of the blockchain company that gives investors access to mining operations and investments. It provides an alternative way to invest in granite mining without involvement. Since the granite market is lucrative and rapidly expanding, token holders are guaranteed good investment returns. Thanks to the recent partnerships with GeoActive & IDC Drilling, Metallika will explore more territories to create a sustainable business model.
If you want to get on board, purchase the METALLIKA token today.