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Ausdrill to proceed cautiously in Americas

The new managing director of mining contracting heavyweight Ausdrill has emphasised the company will take a measured approach to expansion in the Americas – traditionally not a happy ground for listed mining or drilling contractors – after it completed its US$192 million acquisition of Americas-bound Barminco.

Ausdrill to proceed cautiously in Americas Ausdrill to proceed cautiously in Americas Ausdrill to proceed cautiously in Americas Ausdrill to proceed cautiously in Americas Ausdrill to proceed cautiously in Americas

Mark Norwell with Ausdrill CFO Theresa Mlikota

North American-listed contractors - as well as their peers from other parts of the world - have had moderate success at best in their backyard, with its patchwork of regulatory regimes, safety standards and labour laws.

Australia has been the home of dominant listed and privately owned mining and drilling contractors, with a few exceptions (such as Canada-based Redpath), and they have all built off a domestic market that has favoure...

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