Equitable Contracts for Relatively Large Scale Surface Mining Operations
Organization: The Australasian Institute of Mining and Metallurgy
Jan 1, 1990
Obviously, the paramount advantages of contract mining have been recognised by mine developers throughout Australia, as evidenced by surface gold mining operations of significant output almost exclusively being performed under contract. These paramount advantages of using an experienced professionally managed contractor result from the mine developer being freed from financing the required relatively large capital expenditure at current relatively high interest rates or in a capital scarce stock market, and from the need to recruit and sustain a large operating work force in a competitive labour market.