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Ausdrill disconnects water for $16m

MINING services provider Ausdrill has calved off its hydrogeological drilling unit Connector Drilling to relative unknown Vysarn for $16 million.

Karma Barndon
Ausdrill chairman Ian Cochrane and managing director Mark Norwell

Ausdrill chairman Ian Cochrane and managing director Mark Norwell

Under an asset sale agreement with Pentium Hydro and Vysarn, Ausdrill will hand over Connector Drilling's waterwell drilling assets and associated inventory, which includes a large fleet of conventional...

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