One of the world’s leading integrated mining and energy services group has announced its intention to sell one of its telecommunications and underground power infrastructure subsidiaries, as it focuses on core markets.
Ausdrill has announced this week that it has completed a transaction to sell its Diamond Communications business, opting to focus on its “own core markets.”
Diamond Communications specialises in designing and installing telecommunications and underground power infrastructure in urban, remote and mining areas across Australia.
Ausdrill has had 100% ownership of Diamond Communications since 1997 and the decision to sell the subsidiary to Powerlines Plus comes at a time where the company has also invested into a hard rock exploration service provider.
In the same announcement, Ausdrill stated that it would be investing into HiSeis Pty Ltd, an end to end seismic hard rock exploration service provider.
Established in 2009, HiSeis is a leading international seismic services company that specialise in cost-effective, high definition seismic reflection techniques utilising the latest equipment and technology, with a focus on hard rock exploration.
HiSeis has an extensive mining client portfolio, working with Northern Star, Independence Group, Evolution Mining, Lundin Mining and Anglo Gold Ashanti to name a few.