Ausdrill announce Barminco’s new contract with Nova

Company News

by Rachael Jones

Ausdrill (ASX:ASL) released a statement regarding Barminco announcing it has been awarded a four-year contract extension at Independence Group Nova nickel-copper-cobalt Operation.

Under the $240 million contract, which includes an option for a two-year extension, Barminco will provide underground mining services including development and production mining.

Ausdrill (ASX:ASL) is a diversified mining services company formed in Kalgoorlie in 1987. It has operations across Australia, Africa and the United Kingdom. They employ over 5,000 staff worldwide.

In August 2018, Barminco announced that it had entered into an agreement to be acquired by Ausdrill (ASX:ASL), which will create Australia’s second largest mining services company.

Shares in Ausdrill (ASX:ASL) closed 4.35 per cent higher to $1.68 yesterday
 

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.