Foraco International SA, a leading global provider of mineral and water drilling services, announced it has been awarded recently a series of major contracts with Vale Canada. Over the last few weeks, Foraco has won new contracts and successfully negotiated multiyear extensions to existing contracts with Vale Canada for the provision of exploration, definition drilling and large diameter rotary drilling. The exploration and evaluation drilling services – both surface and underground – are key services for Vale operations and include drilling at the Voisey Bay mine in Labrador , Copper Cliff and Coleman mines in Ontario as well as at Thompson mine, Manitoba . All operations involve deep directional diamond requiring a total of 30 rigs, and have a total face value of $74.8million CAD, or U$ 55.0 million.

Read the full press release here: Foraco International secures US$55 m with Vale Canada including new contracts and negotiated extensions of other key drilling contracts in Canada for 2023 and beyond