DESPITE REPORTS TO the contrary, there remains a feeling of uncertainty in the mining industry. Companies are struggling with high equipment costs, increasing fuel prices and the recent credit squeeze, while some are concerned about a potential downturn in the Chinese economy post-Olympics. In most cases, mining houses are riding out the challenges thanks to high commodity prices and strong demand from China. Even so, this level of uncertainty is leading many in the industry to consider ways to reduce their risk and remain competitive in spite of market conditions. Equipment, in particular, continues to be a talking point across the industry. Strong prices reflect the high demand for good quality gear, with waiting times now up to two years for new and used equipment.
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