Financing of Mining Equipment

According to an article posted on September 4th,  2014 in the Mining Global web site, mining companies have many options to consider when deciding to purchase or lease mining equipment. Financing companies offer many favorable terms for mining companies, and I believe it is obviously in the banking industry's best interest to promote a reliable flow of raw materials for the manufacturing sector. The article goes on to mention the pros and cons of purchasing versus leasing, and the considerations of cash flow and tax advantages.

When leasing or purchasing equipment the writer, Robert Spence, warns about the risks. An important risk is that it may be extremely difficult to get out of a loan or a lease contract when the equipment breaks down. When determining the best course of action, and weighing in on the benefits of their decision, mining company decision-makers should consider the risks as well. Mining equipment protection should be a priority.

Fortunately, HP Plate provides an equipment protection solution that has been perfected and available since 1994. Protection solutions involving welding overlay of wear plates (or hard facing) have been proven to extend the life of mining equipment by many years, protecting the valuable capital investments of mining company operators worldwide.

If you wish to find out how much we can save your mining company on equipment maintenance costs, and how long we can extend the life of your equipment, please visit this web page and fill out our form.