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Ausdrill locks in $200 million of contract extensions in WA’s Goldfields

Datetime: 2017-04-10 17:33:29

Ausdrill locks in $200 million of contract extensions in WA’s Goldfields

Mining services company Ausdrill has secured more than $200 million worth of contract extensions with two of its existing clients in the Goldfields region of Western Australia – Kalgoorlie Consolidated Gold Mines (KCGM) and Gold Fields.

Ausdrill has received a $143 million contract renewal to provide drill and blast, and grade control services for an additional five years at KCGM’s Super Pit gold mine, the largest open pit operation in Australia. The contract renewal starts in March.

Perth-based Ausdrill, which has provided services at the Super Pit for almost 30 years, has about 80 locally-based staff at the mine. KCGM is a joint venture between Barrick Gold and Newmont Mining.

Ausdrill has also been awarded a $60 million contract extension for three years to provide exploration drilling services at Gold Fields’s St Ives and Granny Smith gold operations.

The Gold Fields extension builds on Ausdrill’s work at the mines over the past two decades, the company said in an ASX announcement.

Ausdrill managing director Ron Sayers said the company’s relationship with KCGM and Gold Fields, and involvement at the three mines, extends back to the very early days of the business.

“We are delighted to build on the relationships we have developed, which are based on our strong safety record, our deep understanding of our clients’ operations and our commitment to enhancing their productivity,” Sayers said.

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