Ausdrill secures funding for major Botswana project

Company News

by Rachael Jones

Diversified mining services company Ausdrill (ASX:ASL) has finalised the funding for the $800 million, five year underground mining services contract in Botswana awarded to their subsidiary Barminco.

The contract was subject to the Khoemacau Project funding closing.

Khoemacau has advised that all components of its funding package have now successfully closed.

The Zone 5 operation is a new, large and long-life mine development project located in the highly-prospective Kalahari copper belt in Botswana.

Shares in Ausdrill (ASX:ASL) trading 1.26 per cent higher at $2.01.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.