Ausdrill’s Barminco wins 5-year, $800m Botswana contract

Company News

by Jessica Amir

Ausdrill’s (ASX:ASL) hard-rock underground miner Barminco, has been awarded a contract worth $800 million.

The 5-year mining services contract is for works in Botswana.

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

Barminco’s work includes mine development, establishment of underground mine infrastructure, diamond drilling and mine production at an initial rate of 3.6 million tonnes per annum of copper ore with multiple expansion opportunities.

Shares in Ausdrill Limited (ASX:ASL) closed 1.61 per cent higher at $1.58 on Friday.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.