The mining industry is extremely competitive. Having the right mining equipment lowers costs and increases production. Mining equipment consists of anything used in the exploration, extraction, transportation and processing of valuable raw materials from coal to steel. While exploration and mining can sometimes be conducted by individual entrepreneurs or small business, most modern mines are huge enterprises requiring large amounts of capital to establish. With new technological advancements always around the corner, and competition being what it is, it was never more important to keep up with the latest developments in mining equipment and tools.