Swick Mining wins Freeport contract
Friday, May 10 2013 - 02:19 AM WIB
ASX-listed Swick Mining Services Limited reported that its underground diamond drilling division has been awarded a grade control contract at the world class Grasberg gold and copper mine in Indonesia.
The Grasberg mine, operated by PT Freeport Indonesia, is situated in the province of Papua, and is the world?s largest producer of gold and the world?s third largest producer of copper. Grasberg is in transition from being one of the world?s largest open pits to becoming the world?s largest underground mining complex.
Swick has been awarded an initial two rig, twelve month, grade control drilling contract, the company said in a statement received Friday. In addition to the grade control drilling, Freeport will use the contract to test the wider application of the Swick mobile diamond drilling technology at the complex.
Mobilization is expected to commence early in the first quarter of the 2014 financial year (Jul-Sep 2013), with drilling commencing in the latter part of that quarter.
Editing by Reiner Simanjuntak