Service providers to the mining industry
The resource and mining industry has a large and diverse supply chain which changes depending on the stage in the lifecycle of a particular project.
Forvis Mazars in Australia understands the needs of the service providers and the demands placed on them by the mining and resources industry. Expansion can occur quickly so up to date financial information and sound advice is essential to allow businesses to react.
Many larger miners put service contracts out to a tender process, which means businesses need to understand their margins in order to submit a competitive, yet profitable tender within a demanding timeframe. In addition to offering all of the services that we offer to the Resource and Mining Industry, we can assist businesses to understand their break even points with our critical financial analysis and modelling tool to help with the tender process.
Employees are the backbone of any business and attracting, rewarding and retaining quality staff is a key challenge for businesses servicing the mining industry. We can assist with salary packaging, employee share scheme and other advice in addition to helping navigate through the complex Fringe Benefits Tax rules around providing transport, accommodation and food to employees.
Forvis Mazars in Australia also provides tax advice and can assist with the income tax returns of the employees and executives of these businesses. In addition, can provide assistance regarding the review of your finance facilities. Click here to see how your finance facility stacks up.
The supply chain requirements of each stage include:
| Exploration stage | Mine construction |
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| Feasibility stage | Full mine production |
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