Ausdrill Limited
(ASX:ASL) has announced its subsidiary BTP equipment has signed a $70M contract extension with Peabody Energy Australia.
The contract, which has been in place for two years to date, will now extend for a further 24 months.
The agreement will see BTP continue to rent mining and ancillary equipment to Peabody’s coal mines in the Hunter Valley and Bowen Basin.
Peabody Energy Australia is an Australian subsidiary of Peabody Energy, the world’s largest private-sector coal company.
Ausdrill reported a half year net profit of $13.4M at 31 December 2016.
