Industry Analysis & Industry Trends
Over the past five years, the performance of the Oil and Mineral Exploration Drilling industry has been volatile. Industry players provide services to mining companies that are engaged in greenfield oil and mineral exploration. This is the riskiest area of the Mining division as companies look for new economically viable resource deposits. Expenditure on greenfield exploration fluctuates significantly year on year, in line with small miners' ability to access capital. When commodity prices fall or sentiment in the Mining division declines, demand for greenfield exploration services (such as specialist drilling activities) tends to decline.
Over the past 10 years, industry operators have benefited from a prolonged boom in capital expenditure in the Mining division... purchase to read more
Industry Report - Industry Products Chapter
Industry players provide a range of exploratory drilling services to mining exploration companies. The types of exploratory drilling services depend on the relative operational costs of each drilling type, the mineral or commodity that is being sought and the potential mine site location. The industry's services are divided based on the proportion of revenue that each segment generates.
Diamond drilling penetrates hard rock or hard ground using diamond-impregnated drill bits that are attached to the end of a hollow drill. These drills cut a cylindrical core in the hard rock. Diamond drilling services are the most common type of exploration drilling... purchase to read more