- Write by:
-
Thursday, October 11, 2018 - 12:57:15 PM
-
844 Visit
-
Print
Mining News Pro - Buoyed by a strong set of financial results for the September quarter, mineral drilling contractor Swick Mining Services is making plans to launch a deep exploration division.
According to Mining News Pro -Buoyed by a strong set of financial results for the September quarter, mineral drilling contractor Swick Mining Services is making plans to launch a deep exploration division.
The company’s Managing Director Kent Swick said the creation of this unit would “further strengthen the company’s market-leading position” in underground diamond coring.
The announcement came at the same time as the company revealed its September quarter financial results, which included revenue of A$36.7 million ($26 million, up 1% year-on-year), EBITDA of A$6.8 million (up 93% year-on-year), total metres drilled of 297,904 m and an average fleet utilisation of 75% across the quarter.
Kent Swick said: “During the quarter, we ordered some specialised deep-hole drilling kits that will be the most powerful rigs available in the Australian market.
“We expect our specialist team, with its purpose‐built equipment, to deliver great outcomes for our clients who in general are requesting more deep exploration holes to be drilled from underground.”
The company added in its results that demand for underground mobile rigs continues to remain high, while its surface RC drilling division had experienced a rebound.
Short Link:
https://www.miningnews.ir/En/News/279276
Sibanye-Stillwater’s Queensland operations are back up and running following a period of severe weather in the first ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Manganese developer Element 25 (E25) will accelerate activities for the planned expansion of its Butcherbird manganese ...
A dual-fuelled ammonia-powered vessel from Fortescue has won the Hydrogen Transport award at the World Hydrogen 2024 ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream ...
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
No comments have been posted yet ...