Ann: Quarterly Activities Report, page-2

stellar quarter of activities

nice find this morning in the AFR, should work it's way into lower costs for the BFS, good time to be starting up operations!

"Want a buy a cheap dump truck or digger? Well, there's probably never been a better time, with a new EY report showing the value of a typical fleet of mining equipment has fallen 64 per cent in just two years.

As significant fall in commodity prices has resulted in minimal demand for and substantial over-supply of "yellow goods", or heavy equipment in the Australian mining industry.

The value of what EY regards as a typical fleet - 20 haul trucks, three excavators, two wheel loaders, and three dozers - dropped 46 per cent in the 12 months to 30 September 2015 alone, and a total 64 per cent since the end of September 2013.

EY Oceania mining and metals transactions leader Paul Murphy said mine closures and cost reduction measures implemented across the industry during 2015 meant more equipment was simply being parked up and not used."