23/09/2013 - 13:06

Swick bolsters order book

23/09/2013 - 13:06


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Swick bolsters order book
Swick managing director Kent Swick.

Swick Mining Services’ underground diamond drilling division has been awarded three new contracts and renewed several existing agreements.

The company’s new work includes drilling at Independence Group subsidiary Lightning Nickel’s Long Nickel operations near Kalgoorlie, with three rigs over one year.

Swick was also awarded work at the Neves-Corvo copper mine in Portugal and at an unnamed silver and lead mine in North-West Queensland.

The company also renewed a number of existing contracts, including securing a further two-year term with a one-year option at Sandfire Resources’ Degrussa copper mine 900 kilometers north of Perth

Swick managing director Kent Swick said the company placed a strong focus on maintaining its clients over the long term.

“The opportunity to develop long-term relationships with quality clients doesn’t happen that often and it is very exciting for the business,” Mr Swick said.

“The new clients have placed a lot of trust in our service provision and our team is looking forward to meeting and exceeding the client’s expectations.”

Swick last month announced a 17 per cent rise in net profit and a record $146.5 million revenue for the year to June 30.

Shares in Swick were up three per cent to 34 cents on the ASX at 1:00PM WST.


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