Page 3 - Mitchell Services News Today

The bigger the bang, the bigger the boom: How are mining services stocks faring right now?

ASX Small Cap Lunch Wrap: Who’s made a hypersonic plane so realistic that China did a double take?

COVID-19 and bumper demand for commodities is playing havoc with supplies of some drilling goods – and omicron could add to skills troubles.

Omicron has arrived in WA and ‘can’t be eliminated’; Developing antivirals ‘next big COVID-19 mission’, says Greg Hunt; NSW, Victorian students to be tested twice a week; Jacinda Ardern cancels her wedding amid omicron restrictions. Follow updates here.

Driller takes $5m haircut to end gold spat with Rowsthorn contractor Share Drilling outfit Mitchell Services has agreed to an almost 50 per cent haircut on an outstanding $10 million gold bill it says was owed by a Mark Rowsthorn-backed mining contractor. The 96-rig drilling outfit said on Tuesday it had reached a settlement with SMS Innovative Mining after a dispute erupted  this year. Mitchell had claimed it was owed money; SMS had argued that the drilling work on a gold mine had been proble...

Governance questions gush from drilling bill spat Share Disaster can strike in many ways when drilling hundreds of metres down for minerals and metals such as gold or coal. A man can suffer serious spinal injuries when a 270-kilogram drill rod falls on him, oil can spray over hot exhaust when a rig hydraulic line ruptures, a worker can lose his arm when his jacket entangles in rotating rods. Nathan Mitchell with a rig during the boom times in 2009.   Glenn Hunt There is even a 68-page code of...

The Mitchell Services share price is in freefall today, down 19% in early afternoon trading. We look at what's driving the selling.