Anglo American: Mitchell Services Wins $25 Million Drilling Contract
Anglo American has awarded Mitchell Services Limited with a three-year, $25 million contract for drilling services at the company’s Queensland coal mines.
The contract will see Mitchell provide six rigs across multiple sites on Anglo American’s QLD coal operation. The contract has an option for additional services based on performance during the initial work.
“After the Tom Browne Drilling Services acquisition [in August 2014] and the subsequent capital raising this contract win is another positive step forward for us,” said Andrew Elf, CEO of Mitchell Services. He added the company will continue to focus on its growth as well as opportunities to extend its relationships with existing clients.
Based in QLD, Mitchell Services provides global drilling services for exploration, mining and energy industries. The ASX-listed company specializes in coal exploration drilling, mineral exploration drilling, mine services and large diameter drilling, coal seam gas and shale gas drilling, coal mine methane drainage, directional drilling, and wireline services.
In announcing the contract win, Mitchell Services Limited Executive Chairman Nathan Mitchell said:
“The award of the contract is further evidence that Mitchell Services is continuing to strengthen its relationships among Tier one resources companies.
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.”
LSE-listed Anglo American is one of the largest coal producers in the world. Earlier this year, the miner announced its intention sell its stake in both the Dawson and Foxleigh coal mines in Queensland.
Codelco partners with Microsoft to extend digitisation
Chile's Codelco, the world's largest copper producer, has announced a deal with tech giant Microsoft to fast-track the digitisation of its sprawling mining operations, helping it extend automation and improve analytics.
The joint project with Microsoft will beef up the company's capacity to make its production processes more efficient and promote "sustainability" within its operations, Codelco said in a statement.
Codelco, like many Chilean miners, has fought in recent years to adopt new technologies to boost efficiency and keep down costs at its aging deposits, many of which suffer from declining ore grades.
"We are promoting profound changes so that different areas operate in a completely remote and automated way, reducing risks, improving productivity, safety and reliability of our operation," said company executive Alvaro Garcia.
Mining companies worldwide are pushing forward with plans to operate mines remotely, reducing the risk of accidents and boosting efficiency.
Codelco’s move towards automation however has led to confrontations with unions, who see it as a threat to their livelihoods. The company said the project with Microsoft will include a training component for the its workers.
The state-run miner has recently ramped up its use of technology to ensure its copper is 100% traceable, a vital step in reducing its carbon footprint and boosting sustainability within its operations.
Codelco’s CEO Octavio Araneda said that tracing copper through its mines would help the company more precisely measure progress on its social and environmental goals while providing proof to increasingly demanding customers of those efforts.
“We can now say that 100% of our products are traced…which will allow us to have a very strong transparency regarding our resource use footprint,” Araneda said.
The announcement comes amid a broader push by the company to reduce water consumption, recycle industrial waste and scale back carbon dioxide emissions by 2030.
Codelco said in a webinar that the tool it has developed to assure traceability will help assure those sustainability targets are met.
Soaring demand for electric vehicles, a key component in the global fight against climate change, has increased attention on the carbon footprint and sustainability of inputs such as copper, cobalt and lithium.