Mining companies are struggling financially due to rising costs in commodities. Experts at CAT financial have a few suggestions to preserve your cash. Newer equipment means more effective work. Although equipment isn’t cheap, rebuilding equipment will help keep cash in your pocket. With the advancements in technology today, there’s a use for it in any field. Also, Credit lines can help pay for things like parts and equipment when cash is low.

Key Takeaways:

  • With commodity prices squeezing cash flow, mining companies everywhere are seeking ways to control costs.
  • Doing so depends in large part on getting material out of the ground as efficiently and cost-effectively as possible.
  • The experts at Cat Financial explain how financial solutions can play a role in making that a reality. Here are four opportunities they shared to preserve your operation’s cash.

“With commodity prices squeezing cash flow, mining companies everywhere are seeking ways to control costs. Doing so depends in large part on getting material out of the ground as efficiently and cost-effectively as possible.”

http://www.mining-journal.com/future-of-mining/future-of-mining-investment/4-tips-for-mining-companies-looking-to-generate-cashflow/

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