SWK swick mining services ltd

News: SWK Swick Mining Services announces contract awards

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    March 29 (Reuters) - Swick Mining Services Ltd (SWK) :

    • Swick announces contract awards (SWK)
    • Awarded two new underground diamond drilling contracts by Independence group nl at their jaguar and nova mine sites
    • Total order book stands at approximately $130M of contracted work in hand
    • Upon commencement co's global rig utilisation will stand at approximately 76%
    • Expects to initially deploy four rigs across these properties commencing April, 2016
    • Contract tenure is for one year with an option to extend for another year based on mutual agreement
                            
 
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