Effective asset finance tips for expanding your mining services business
Peripheral, yet essential mining services are booming alongside mining itself. Exploration is increasing alongside commodity prices – and if you are looking to expand your mining services business to take advantage of the rush, you need to finance your assets the right way. Options to expand your operation is to buy your plant outright instead of hiring it ad hoc. You may need an entire fleet of vehicles or plant that are up to mine spec. What options are out there? One way is to seek fleet and equipment asset finance. Chattel mortgages and hire purchases Chattel mortgages and hire purchases are finance products oriented toward eventual or immediate ownership of a vehicle. A chattel mortgage is a type of…