Ausdrill secures $123m contract

Ausdrill has secured a two-year contract extension for works at the Nsuta manganese mine in Ghana, West Africa.

Ausdrill subsidiary African Mining Services has already been providing equipment at Ghana Manganese Company’s Nsuta mine for two years, and those services will continue under this contract extension until February 2021.

In a statement, Ausdrill said the two-year extension was expected to generate $123 million.

The contract is an hourly hire service agreement for load and haul equipment, which will be serviced by AMC’s existing fleet on site at Nsuta.

Ausdrill managing director Mark Norwell said the contract extension was a testament to the good working relationship AMS had established with GMC over the years.

“The GMC contract extension will continue to meet our client’s requirements for ondemand load and haul equipment while also providing us with committed utilisation of our existing fleet,” he said.

Shares in Ausdrill closed trade up 0.6 per cent to trade at $1.70 each.