Ausdrill sells Diamond Communications and invests in HiSeis seismic rock company

By Dale Benton
One of the world’s leading integrated mining and energy services group has announced its intention to sell one of its telecommunications and undergrou...

One of the world’s leading integrated mining and energy services group has announced its intention to sell one of its telecommunications and underground power infrastructure subsidiaries, as it focuses on core markets.

Ausdrill has announced this week that it has completed a transaction to sell its Diamond Communications business, opting to focus on its “own core markets.”

Diamond Communications specialises in designing and installing telecommunications and underground power infrastructure in urban, remote and mining areas across Australia.

Ausdrill has had 100% ownership of Diamond Communications since 1997 and the decision to sell the subsidiary to Powerlines Plus comes at a time where the company has also invested into a hard rock exploration service provider.

In the same announcement, Ausdrill stated that it would be investing into HiSeis Pty Ltd, an end to end seismic hard rock exploration service provider.
 

Related stories:

That'll be A$157m: Ausdrill wins contract to work on Edikan gold mine

African Underground Mining Services: The underground mining partner of choice

Galaxy Resources hires JPMorgan on $376mn Lithium, Potash project

Guinea gives greenlight for $1.4bn bauxite, aluminum project

 

Established in 2009, HiSeis is a leading international seismic services company that specialise in cost-effective, high definition seismic reflection techniques utilising the latest equipment and technology, with a focus on hard rock exploration.

HiSeis has an extensive mining client portfolio, working with Northern Star, Independence Group, Evolution Mining, Lundin Mining and Anglo Gold Ashanti to name a few.

Share

Featured Articles

Laws Thwart US Bid to Match China on Lithium Mining

US bid to increase domestic production of lithium in order to reduce reliance on Chinese supplies of critical mineral frustrated by 'confusing' state laws

Bain: 'Inflation Dampening Mining Leaders' Net Zero Hopes'

Bain & Company’s annual Energy & Natural Resource Executive Survey shows 62% of energy execs say high costs mean net zero goals won't be met by 2060

Focus on: Lithium – ‘White Gold’ Driving the EV Revolution

Because of the move to electric vehicles, the metal lithium is rapidly becoming a vitally important part of world’s bid to move away from fossil fuels

Aluminium Industry Calls for new North America Body

Supply Chain & Operations

Data-Driven ABB Smart Hoisting Solution 'is Safety Boon'

Digital Mining

Deep Sea EV Metals Mining Firm in Greenpeace Clash

Sustainability