Easternwell signs agreement with Fortescue

Easternwell will provide drilling services for Fortescue Metals Group.

The Transfield Services subsidiary will initially provide three rigs to Fortescue’s Christmas Creek, Nyidinghu and North Star iron ore sites.

It will also allow Easternwell to provide additional rigs in the future.

Transfield managing director Peter Goode said “this is a significant win for Easternwell and Transfield as it establishes a relationship with one of the country’s major mining and exploration companies.

“It also underpins Easternwell’s growth for FY12 and beyond,” Goode added.

Fortescue is one of the world’s largest producers of iron ore and is planning to increase production from 55 to 155 million tonnes by 2014.

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