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Mining contractor Mitchell Services, through subsidiary Well Drilled, will acquire privately-owned Radco Drilling for $5.3 million.
Mitchell Services Ltd (ASX:MSV) recently revealed a material underground drilling contract with BHP Billiton (ASX:BHP) at its Olympic Dam mine in South Australia.
Mitchell Services (ASX:MSV) is a provider of drilling services to the global exploration, mining and energy industries.
Slashed exploration budgets are continuing to squeeze drilling contractors such as Boart Longyear. Photo: Paul Jones