Barminco takeover closer

THE takeover bid by driller Ausdrill for underground mining contractor Barminco has moved closer to completion, with Ausdrill shareholders voting in favour of the move at the company's annual general meeting yesterday.

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Barminco at work

Shareholder support is a major condition of the acquisition, which was announced by Ausdrill on August 15.
Ausdrill chairman Ian Cochrane said the two businesses are a great fit.