Its That Time of Year continued...
While we were pleased with what was accomplished in 2009, we need to remember an old baseball saying – “yesterday’s homeruns won’t win today’s ballgame”. There is much work that needs to be done as we seek to grow our Company’s operations and to be the best provider of insurance and claims adjusting services for the mining industry.
The economic downturn that began in 2008 started to impact our customers (and consequently us) more significantly in the second half of 2009. This situation, coupled with aggressive pricing from our competitors and an increasingly hostile regulatory/legal environment for the mining industry, will make for a difficult operating environment for us in 2010.
However, American Mining enters the New Year with significantly greater senior management depth, an expanded territorial footprint, deeper knowledge of our internal strengths and weaknesses, and a very comprehensive business plan.
While we expect 2010 to be a challenging year, we will continue to search for opportunities that provide the appropriate level of margin. Our strategy is to remain focused on our niche with an opportunistic mindset. If we all work together with the common objective of being the best at what we do, this will be a successful year. Happy New Year!