Swick Mining wins new drilling contracts

Swick Mining Services have won a number of new drilling contracts.

The driller has also had its existing contracts extended and renewed.

This will increase its number of operating rigs to nine by the first quarter of FY12.

According Swick managing director, Kent Swick, this takes has pushed it order book in excess of $215 million.

New contracts requiring a minimum of three rigs were awarded to Swick’s Underground Diamond Division by NQM Gold for its Pajingo gold mine, and the Tagish Lake Gold in Canada’s Yukon Territory.

Swick was also awarded contracts for two rigs at Rio Tinto Iron Ore’s operations in the Pilbara as well as one rig for Altona Minerals operations in Cloncurry.

“An aspect of the recent awards and renewals is that fact that the North American operation will now have all nine of its underground drilling rigs in work by mid year, with the expectation of further demand from Newmont for underground drilling services,” Swick said.

“It is anticipated that we will have to send additional drill rigs to North America in the near term,” he added.

As of April this year, will have 43 out of its 67 rigs in operation.

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