Mitchell Services inks $25M deal with Anglo American

THE DRILL SERGEANT: Brisbane-based drilling services company Mitchell Services (ASX: MSV) has picked up a three year contract worth an estimated $25 million.

The deal has been struck with global mining company Anglo American and includes the provision of six rigs, with opportunities for additional services based on performance during the term of the contract.

“The award of the contract is further evidence that Mitchell Services is continuing to strengthen its relationships among Tier one resources companies,” Mitchell Services executive chairman Nathan Mitchell said in the company’s announcement to the Australian Securities Exchange.

“We have been very active in marketing and business development and our pipeline of opportunities is continuing to grow.

“We remain optimistic about the company’s prospects of winning more contracts in the future based on the strong pipeline.

“While this growth rate is encouraging, our long-term strategy is to continue to grow in a measured and sustainable way so that we can continue to strengthen our relationships with all of our valued clients.”

Email: info@mitchellservices.com.au

Website: www.mitchellservices.com.au