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The related terms resource extraction and Resource extraction industry both refer to the practice of locating, acquiring and selling any resource, but typically a natural resource.

The use of the term also implies a somewhat greedy approach:

to extract the most profitable portions of a resource, in the quickest and cheapest way, and to move on to other profit.

This can be seen in gold mining for instance, by the process of 'high-grading' ore... only extracting ore with the highest concentrate of precious metals, then abandoning or mothballing a mine... to return at a later date when scarcity has made the commodity more valuable, to mine it again, either from the original source or from materials discarde in the original extraction process, such as mine tailings.

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Bucyrus (August 22, 2008) - Bucyrus America, Inc., a subsidiary of Bucyrus International, Inc., and its 104 employee members of United Steel Workers of America, Local #8-00002-02 have reached agreement on a new three-year contract. The new contract, goes into effect August 24, 2008 and is valid until August 22, 2011. The Pulaski facility manufactures heavy equipment for the Room & Pillar mining industry and employs approximately 250 total employees.

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