Mitchell Services secures Olympic Dam mining services contract

Mitchell Services has entered a one-year contract to provide mining services at BHP’s Olympic Dam mine in South Australia.

The contract is material in size based on the anticipated resulting revenue, according to Mitchell Services.

Under the contract, the company will provide diamond drilling services and will obtain new underground rigs for the site, which contains significant copper, gold, uranium and silver deposits.

Mitchell Services executive chairman Nathan Mitchell said, “The Olympic Dam contract is significant because of its size and associated revenue but also because it continues to demonstrate the company’s ability to secure and service long term, multi-rig contracts for Tier 1 clients at large long life mines.”

The contract also includes two one-year extension options.