Mining is a necessity of all industries from small pins to huge machinery in the factory made by the iron which is obtained through mining. The electricity we have and our all day to day activities depend on it are majorly produced by coal. Everything which you see is made with help of extracted materials from the earth’s surface.
Mining is a very expensive process, for extracting material like coal, gold or iron ore miners have to pay a huge amount. They need to buy suitable equipment to support mining, hire a man, transport the equipment to the location from where they can extract, make a whole mining setup, fuel etc this cost a lot.
But there is a way to reduce the cost of mining that is by renting the mining equipment for extraction. Equipment like Draglines, electric rope shovels, drills, surface mining conveyor systems, high wall miners and longwall miners. Renting helps the organization’s productivity and increases efficiency. In this way, they don’t need to buy such expensive equipment which saves money as well as they don’t need to pay for maintenance instead they always get up-to-date equipment for mining.
Some Considerations Should Be Made When Hiring Mining Equipment
Maintenance
The cost of the hired mining equipment should not be more than the actual cost of the equipment. Maintenance of mining equipment is expensive. The manufacturer typically handles maintenance.
If you pay a set amount each month for equipment maintenance and if your manufacturer handles it, you will save money that you can put toward your project.
Available Machinery
If your manufacturer or dealer is not able to provide you with the machinery when required, then you must change your manufacturer.
When you go to hire any equipment, that equipment should be readily available to the manufacturer. If he is taking a very long time to deliver, that is also a problem. Because there is a season or particular time of mining, waiting for machinery causes a waste of time and affects extraction.
Services By Manufacturer
When you hire equipment from a manufacturer, some services are also provided to the client. These services vary from manufacturer to manufacturer, so you must do a comparison before hiring equipment. Try to contact previous clients to gather more information related to the manufacturer or do online research.
Delivery Costs
Delivery of this mining equipment is also very expensive. Some companies offer free delivery, but some charge a large amount for the delivery.
Before signing a deal with the client, you must confirm whether the delivery will be free or if there will be some charges to pay.
Conclusion
Renting mining equipment is helpful when you are doing mining to save money as well as time. But before you hire equipment you should ask all the questions related to maintenance of equipment, delivery, services, setting the machinery, time needed for hiring etc. These all will help you in getting better deals.