28/04/2015 - 14:12

Ausdrill eyed for supply contract

28/04/2015 - 14:12

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A subsidiary of mining services business Ausdrill has received a contract offer from global miner Peabody Energy to supply equipment to its Australian coal assets.

Peabody's Wilpinjong mine in the Hunter Valley.

A subsidiary of mining services business Ausdrill has received a contract offer from global miner Peabody Energy to supply equipment to its Australian coal assets.

Under the terms of the deal, BTP Equipment will supply 68 pieces of mining equipment to Peabody’s mine sites in the Hunter Valley and the Browse Basin under a four-year term.

“(The contract) builds on our existing work with Peabody, where BTPE has been supplying equipment at Peabody mine sites for the last 14 months,” BTPE general manager Peter Lock said.

“This has been augmented by another Ausdrill subsidiary, DT HiLoad, which supplies them with lightweight truck trays, while we have also held initial discussions regarding Drilling Tools Australia supplying drilling consumables and drill trials on Peabody sites.

“We believe this partnership creates great potential for BTPE and the entire Ausdrill group to achieve further synergies and grow our relationship with this industry leader,” Mr Lock said.

Ausdrill shares were 7.5 per cent higher to 35.5 cents a share at 2pm.

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