Leading mining contractor Ausdrill Ltd has announced a major capital raising to raise gross proceeds of up to A$149.5m, to be used as growth capital to fund purchases of plant and equipment for projects commencing […]
Ausdrill Mining News
Leading Australian headquartered mining contractor, Ausdrill Ltd, has announced a successful major capital raising to raise gross proceeds of A$129.5 million, to be used as growth capital to fund purchases of plant and equipment for projects commencing in the next 12 months or projects which have been tendered for. This mainly includes projects in Africa and Australia.
Ausdrill and Brandrill have announced a proposed merger of the two companies. The combined mining services group will have a strong and complementary range of Australian and international business operations. It is intended that Brandrill’s drilling businesses will use drilling consumables manufactured by Ausdrill’s Drilling Tools Australia business and benefit from the increased buying power of the [...]
By Sonali Paul of Reuters Australian mining contractor Ausdrill Ltd said on Friday it may sell a communications business as it looks to boost earnings and fight off an unsolicited $397 million takeover bid….more at […]