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Major buys McKay Drilling

AFTER shutting up shop in Australia during 2014 during a previous downturn, Major Drilling Group has elected to return to Australia in the latest boom with the Toronto-listed company buying Perth-based McKay Drilling.

 McKay believes Major will be a good set of hands

McKay believes Major will be a good set of hands

Major, which claims to be one of the world's largest drilling services companies with a fleet 590 rigs, will pay up to A$80 million to re-establish a presence in Australia, adding to its existing positions...

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