Ausdrill subsidiary selected as open-pit mining contractor by West African Resources

Company News

by Anna Napoli

Mining Services Company Ausdrill (ASX:ASL) has today announced its wholly owned subsidiary, African Mining Services (AMS) has been selected as preferred open-pit mining contractor by West African Resources (ASX:WAF) at the Sanbrado Gold Project in Burkina Faso.

The African Mining Services scope of work includes a full suite of open pit mining services – including site preparation, drill and blast, load and haul, and maintenance works – over a five year term, generating approximately AUD$235 million in revenue under a schedule of rates contract.

The Sanbrado Gold Project is a low-cost, high-grade operation located only 90 kilometres from the country’s capital, Ouagadougou, and is the 14th commercial gold mine in Burkina Faso in 14 years.

Ausdrill says a key focus for the new Ausdrill group has been to enhance surface operations in Africa and target substantial growth opportunities across a range of commodities in select African countries. Being selected as preferred contractor at the Sanbrado Gold Project is a significant achievement and represents the excellent progress the company is making in building on the suite of quality projects on which African Mining Services operates in the region.

Shares in Ausdrill (ASX:ASL) are trading 1.4 per cent lower at $1.78.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.