By Adriano Marchese

Foraco International S.A. said Tuesday that it has been awarded a contract by Rio Tinto Western Australia Iron Ore worth $110 million.

Toronto-listed Foraco, a provider of mineral and water drilling services, said the contract is for exploration and evaluation drilling services in the Pilbara region.

Foraco will deploy seven rigs in total.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 15, 2022 08:56 ET (13:56 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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