Clearly the mining service industry is experiencing challenging times. Many mining service companies face the need to make significant changes to their business model in order to survive, with little hope of growth in the short term. However, there are strong opportunities for mid-sized METS companies that embrace thorough strategic planning to adapt and flourish through innovation. The sector is also fragmented and now is a great time for better performing companies to achieve growth through M&A. Rio Tinto Australia MD Phil Edmands shares some great ideas in this article