Barminco wins $100m contract

Ausdrill subsidiary Barminco has secured a $100 million underground mining services contract from Hindustan Zinc at its Rampura Agucha mine in India.

The three-and-a-half-year deal, which will begin immediately, primarily involves the extension of development works that were being provided under a recently completed contract.

The deal also includes the addition of production work in the Barminco-developed area of the mine.

Hindustan Zinc will provide capital equipment and consumables.

Barminco has operated at the Rampura Agucha mine since late 2016.

Ausdrill acquired Barminco last year.

Ausdrill managing director Mark Norwell said the continuation of services at Rampura Agucha was further endorsement of the Barminco acquisition

Barminco chief executive officer Paul Muller said the company was very pleased to have been awarded a contract that extends its operations at the Rampura Agucha mine with an expanded scope to include production works.

“We look forward to deepening the relationship we have built with Hindustan Zinc over the past few years by delivering on this extended scope of works both safely and efficiently,” he said.

In October, Barminco was been awarded a four-year extension to two mining services contracts at Gold Fields’ Agnew mine near Leinster, worth a combined $335 million.

Shares in Ausdrill were up 6 per cent to trade at $1.50 each at 2.10pm AEDT.