Any mining operation is just as effective as its machinery. It goes without saying that said machinery and equipment have to be highly functional and operational at all times, and keeping them in good shape is not only the responsibility of the operators, but also of the suppliers. While a lot of mining operations tend to purchase their own mining equipment and machinery, there are still a lot of them that rely on renting their equipment. There are many advantages associated with mining equipment for rent as opposed to buying these units. Here we discuss some of the benefits that your business will enjoy if you opt to rent your mining equipment rather than purchase it:
1. Save money: Mining equipment is not cheap. These heavy-duty pieces of machinery require a large outlay, and purchasing such equipment can be a debilitating liability, even if the operation is large. Often mine managers choose to rent their mining equipment to reduce the strain on their cash flow, or because they need a temporary replacement for machinery that may be down for repairs. Renting mining equipment means that no large capital outlay is required, which lessens the strain on the bottom line.
2. Maintenance benefits: Because the supplier of mining equipment for rent is essentially responsible for the equipment they rent out, they are usually also responsible for the maintenance and upkeep of the units. This alleviates the burden on the operation, and maintenance takes place as scheduled. Effective maintenance also ensures that the equipment is always fully operational and this ensures a better result and more effective work at the end of the day. It also means that the cost of expensive repairs is avoided or prevented, and that downtime is minimised. It provides the operator with better peace of mind.
3. New technology: Companies such as Kanu Equipment generally provides their clients with access to the latest technology. This means that they have access to new-generation equipment that works more effectively and efficiently than older equipment. Because the equipment in any industry is constantly updated, choosing mining equipment for rent instead of outright purchase means that mining operators can choose from the latest models with added functionality without having to buy new machinery. For an equipment rental company to remain in business, it is vital that they invest heavily in new models and technology, and this works in the favour of their clients.
4. Industry changes: Because the landscape of modern industry can change practically overnight, mining equipment for rent enables stakeholders to seize opportunities that are vital to the operation. Having the capacity to get hold of innovative machinery to match the needs of the operation on short notice is vital, and not all operations have the financial capacity to do this. The rental of mining equipment is therefore useful where new opportunities must be seized to propel the operation ahead of competition.
Kanu Equipment provides a comprehensive service that brings mining equipment for rent to their clients throughout Africa. We strive to bring outstanding value for money, reliable equipment, and invaluable advice. Contact us to find out more.
HirePower provides earthmoving and mining equipment for hire. The experience in our organisation stretches over 30 years, ensuring that HirePower not only provides equipment, but also expert technical and mining advice based on past experience and expensive school fees paid.