CAPITAL MARKETS

Ausdrill withdraws from Chile

AUSTRALIAN contractor Ausdrill said it has begun closing its Chilean operations - its last remaining unit in South America - because it sees no imminent signs of improvement in the market in the short to medium term.

Greg Tubby

Ausdrill said measures taken over the past few years to improve the trading performance of its Chilean unit had made an impact, but the inconsistency of work in the region and competitive tendering for...

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