In an industry where every dollar counts, contract mining has emerged as a smart strategy for minimizing capital outlay and operational risk. But how exactly does it work?
What Is Contract Mining?
It involves hiring a third party to carry out mining operations—either partially or fully—rather than owning and managing all equipment and staff in-house.
Benefits
- Lower upfront capital investment
- Flexibility in scaling operations
- Access to expert operators
Common Models
- Fixed price contracts
- Cost-plus contracts
- Turnkey operations
Is It Right for You?
It depends on your budget, project lifecycle, and risk tolerance. Our consultants help you select and manage the model that aligns best with your strategic goals.
