Long-term dry hire of machinery here to stay

The growth of Australia’s mining industry has positioned long-term dry hire as a highly attractive option versus purchasing equipment over the past five years.

This change in the mining industry has been driven by strategies to increase production, export volumes and bottom-line profitability.

As mining fleets expand, companies that are constrained by capital availability are regularly choosing to opt for long-term dry hire over purchasing.

National Group expects the preference for dry hire to continue to increase as Australia’s mining sector goes from strength to strength.

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