Foraco Secures AUD111M Drilling Contract for Rio Tinto’s Australia Iron Ore Operation
Foraco International SA has secured a AUD111 million drilling contract from Rio Tinto for its Australian iron ore operations. The contract will see the Swiss-based drilling company provide infrastructure and drilling services across all Rio Tinto sites in the Pilbara region of Western Australia.
Overview of the Contract
The contract will commence in the second quarter of 2021 and is expected to run for three years with an option to extend. Foraco will provide reverse circulation and diamond drilling services that will support Rio Tinto’s growth and sustainment projects in the region.
Importance of the Contract
The contract is a significant win for Foraco and continues their long-standing relationship with Rio Tinto, which stretches back over 10 years. Foraco has previously provided services for Rio Tinto’s bauxite and copper operations in Australia and Mongolia, respectively. The contract is also important for Rio Tinto, as it looks to increase production and maintain its position as the world’s largest iron ore producer.
Foraco’s Commitment to Safety and Sustainability
Foraco’s commitment to safety and sustainability aligns with Rio Tinto’s values and the expectations of its stakeholders. The drilling company has implemented strict health and safety practices and utilizes advanced technology to minimize its environmental footprint. Foraco has also been recognized for its commitment to sustainable development, receiving the Quebec Mining Association’s Environmental Excellence Award in 2020.
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Summary: Foraco International SA has secured a AUD111 million drilling contract from Rio Tinto for its Australian iron ore operations. The contract will see Foraco provide infrastructure and drilling services across all Rio Tinto sites in the Pilbara region. The contract is significant for both companies, with Foraco’s commitment to safety and sustainability aligning with Rio Tinto’s values and expectations. #BUSINESS