Buying exploration drilling capacity
In these days when contract exploration drills are hard to get, companies are increasingly buying their own rigs, or even drilling contracting companies, as in the case of Ashburton Minerals. Ashburton has just moved to full ownership of Transdrill after its wholly owned subsidiary, Trans Pacific Gold, acquired the remaining 50% of the private drilling company. Transdrill provides drilling services to the company at its Cuiaba Gold Project in Brazil. (more…)
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