Ausdrill’s earthmoving parts and equipment subsidiary, BTP, has secured a three-year extension to its existing contract with Peabody Australia.

The extension, worth A$126 million ($85 million) and effective from April 1, will see BTP continue to rent mining and ancillary equipment to Peabody’s coal mines in the Hunter Valley (New South Wales) and Bowen Basin (Queensland). Peabody has an option to extend the term of the agreement by a further two years should it so wish.

Ausdrill Managing Director, Mark Norwell, said: “We are delighted to have been awarded this contract extension and look forward to continuing to provide equipment and related services to Peabody, building on the strong relationship BTP has formed with Peabody over a number of years.”