Peabody awards $70m contract extension to Ausdrill subsidiary

Ausdrill subsidiary BTP Equipment has secured a $70 million contract extension at Peabody Energy’s Hunter Valley and Bowen Basin coal operations.

The two-year extension to an existing Peabody contract will see BTP continue to rent mining and ancillary equipment to the mines.

BTP has partnered with Peabody in the two coal mining regions since winning the original contract in April 2015. The initial two-year contract is due to expire at the end of this month.

Donald James, BTP executive general manager of equipment services and supplies, said the contract extension reflected the strong relationship the company had built with Peabody in recent years.

“We are delighted to secure this contract extension and continue with the rental of equipment and related services to Peabody,” James said.