Whether the 15 percent tax credit is an effective policy or not, the idea to encourage more mining exploration is a sound one. When mineral deposits that exhibit great potential are discovered, mine development soon follows. In turn, new mines require underground equipment such as, skips, cages, loading systems, rail haulage cars, mine car wheels, etc. which is good for the mining supply and services sector.
Quality Mining Equipment in Canada
Top mining equipment manufacturers, like Wabi Iron & Steel Corp., can supply superior conveyance systems for your mining operation. Companies such as Wabi have the engineering capabilities and fabrication facilities that enable them to produce quality equipment, from wheels for mining cars to loading and dumping systems, skips and cages.