A quick introduction: When I found out I had the opportunity to contribute to the Tech Topics column for National Driller, I was excited to share the perspective from a provider of drilling services, drilling equipment and performance tooling. I hope that my contribution provides insight to the base of educated readers and drives discussion in the exploration drilling market.
I would like to start the column off by diving into a common trend in the mining industry. The industry has been under pressure for the last year as commodity prices have dropped and growth in China has slowed down. Couple this effect with the drop in the price of gold and political instability in many countries with significant mining activity, and you have a perfect storm for the depression of the mining market.