What is the Contract Mining Services industry?
The Contract Mining Services industry displays a medium market share concentration. In 2015-16, the industry's four largest players are estimated to account for over 50% of total revenue. The industry is characterised by a small number of large players, a moderate number of mid-size companies and many small operators. To provide value to mining companies, contract miners typically need to achieve significant economies of scale and scope.
To achieve scale in the industry, companies need to be able to operate across a large number of mining sites and maximise equipment usage to increase productivity. Major mining companies also tend to favour larger contract mining firms, as these firms have access to experienced staff, a larger workforce and extensive mining equipment... purchase to read more