Ausdrill Mining News

Ausdrill raises A$129.5m for equipment and plant purchases

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 raises $129.5 million to fund equipment and plant purchases

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 to form combined mining services group

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 [...]

Ausdrill may sell Diamond Communications unit

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 […]