Ausdrill wins $126m contract extension
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Ausdrill’s earthmoving parts and equipment subsidiary, BTP, has been awarded a three-year contract extension worth $126 million with Peabody Australia.
In a statement, Ausdrill said BTP would continue to rent mining and ancillary equipment to Peabody’s coal mines located in the Hunter Valley and Bowen Basin.
It said BTP had worked as a key partner with Peabody since April 2015.
The three-year extension was effective from April 1, with Peabody having an option to extend it by a further two years.
“(We) look forward to continuing to provide equipment and related services to Peabody, building on the strong relationship BTP has formed with Peabody over a number of years,” he said.
Peabody is a Fortune 500 coal company based in the US.
Shares in Ausdrill were flat at 12.30pm AEST at $1.53 each.