What is the Contract Mining Services industry?
The industry displays high barriers to entry. In particular, a large amount of capital is required to establish contract mining operations. Firms need to invest heavily in large-scale equipment or have sufficient funds available to lease the required equipment and machinery. Work tends to be won by firms with established track records in the industry that offer competitive prices. In addition, gaining access to experienced and skilled staff can be an entry barrier for new contract mining companies, as experienced and knowledgeable staff command very high wages.
Industry players require substantial working capital to maintain operations and to acquire or lease mining equipment... purchase to read more