The mining industry underwent a transformation, from underground mining to open pit mining, during the 20th century. Open pit mining has become common in developed countries. Haul trucks, draglines, shuttle cars, roofbolters, scoops, loaders, longwall machines, and shovels are some of the machines used in mining. These machines possess heavy gear system, wire ropes, bearings, and transmission system. These need to be lubricated from time to time. A lubricant should be such that it decreases maintenance costs and increases the machine life. It must have high viscosity index, corrosion prevention, high boiling point, resistance to oxidation, ability to absorb shock loads, good thermal stability, and hydraulic stability. The mining lubricants market relies on mining activities. Expansion of the mining lubricants market depends upon the number of mining activities.