With mining expertise still in short supply, operators are continuing to outsource functions to skilled contractors. Dan Gleeson looks at what these service providers are doing to differentiate themselves in an increasingly competitive market.
The contract mining market has recovered from the recent commodity downturn that saw teams and agreements decimated in the face of falling industry profitability. Miners are, once again, realising the skills these organisations have can be leveraged for improved productivity and efficiency if secured on the right terms. Major markets like Australia and Indonesia continue to deal out big contracts, but many other regional hubs such as West and Southern Africa, Europe, and South America have entered the fray, acknowledging the benefits that can be made by outsourcing some of their work.
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.