December 28, 2016 / 4:36 AM / a year ago

BUZZ-Australia's Ausdrill rises on potential mining contract from Canada's Semafo unit

** Contract driller Ausdrill Ltd rises as much as 7.6 pct to A$1.27, its biggest gain in 3 weeks

** Company says its unit, African Mining Services, has received a letter of intent from a unit of Canada-based Semafo Inc for a mining contract at its Natougou project in Burkina Faso, West Africa

** Ausdrill expects contract to generate revenue of about A$370 mln ($266.47 mln)

** Stock had risen fivefold in the past 12 months, as of Friday’s close ($1 = 1.3885 Australian dollars) (ambar.warrick.thomsonreuters.com@reuters.net)

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