Brandrill secures $75 million in contracts from Impala

BRANDRILL shares have risen as much as 7% after its South African mining services unit said it has secured a R290 million (A$72.5 million) underground mine development contract from Impala Platinum Mines.

The Perth-based contractor said its Torrex unit would begin work at Impala's new Maroelabult platinum mine near Brits in South Africa's North West province in October under the five-year contract.