Industry Analysis & Industry Trends
Over the past five years, the Oil and Mineral Exploration Drilling industry has had an extremely volatile performance. 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 Locations Chapter
During Australia's commodity mining boom in Australia over the past decade, mining activity has been heavily focused in Western Australia. Major commodities in Western Australia include iron ore, gold, bauxite, alumina and diamond. Many mining companies have explored potential commodity deposits to determine the extent of the resources. This has created significant demand for exploration drilling activity in Western Australia. As a result, the largest share of the industry's enterprises is located in Western Australia. Exploration drilling companies are heavily reliant on mining companies for contracts and demand... purchase to read more