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The mining sector heavily relies on heavy machinery for the extraction of valuable minerals and resources from the earth. Equipment such as dump trucks, drills, and conveyor belts are crucial in reducing the physical toll on workers while ensuring safety and efficiency. Large-scale mining operations utilize haul trucks that can carry tons of ore in a single trip, making the process of transporting materials much more efficient. Additionally, advancements in technology have led to automated machinery that can operate in hazardous conditions, further enhancing safety and productivity in the mining industry.


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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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