What is the Contract Mining Services industry?
Contract mining companies complete key functions of a range of different mining operations. Industry players mine black coal, iron ore and other resources from open-cut and underground mines, and extract oil and gas on behalf of other mining companies. The industry's services are divided based on the proportion of revenue that each segment generates.
Surface contract mining
Two techniques, open-cut mining and strip mining, are used to extract resources that are typically found close to the surface. Open-cut mines are structured with benches or steps that slope progressively downwards to the centre of a pit, where resources such as iron ore are extracted. Strip mining is a similar process, where wide trenches are cut to remove resources such as coal or bauxite... purchase to read more