Mining services company Ausdrill announced that it will exit its DT HiLoad truck tray manufacturing business on 31 March as part of its long-term strategy to divest non-core and underperforming assets.
The company’s Managing Director Ron Sayers said the decision to sell the business was motivated by the slowdown in the mining sector.
“DT HiLoad is a volume-driven business which relies heavily on mining equipment utilisation and sales. It has been a very strong performing business when activity levels have been high,” Mr Sayers said.
“However, as the mining sector slows, there are potential strategic benefits and cost efficiencies in effecting a rationalisation of assets between industry participants. Consequently, we have made a decision to exit this non-core business.”
The company, which acquired DT HiLoad as part of the Brandrill acquisition, said it has entered in negotiations with a number of parties who have expressed an interest in purchasing the assets of the business.
Ausdrill is a leader in providing services in contract mining, grade control, drill & blast, exploration, mineral analysis, procurement & logistics and manufacturing.
Founded in Kalgoorlie in 1987, the company today employs over 4,000 staff across its operations in Australia, Africa and the UK.
