Foraco International (TSE:FAR) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Foraco International has been honored with the 2024 ‘Innovation of the Year’ award by the Australian Drilling Industry Association for their NGBF 800 Rotary drill rig. This innovative rig, designed through collaboration between teams in France and Australia, enhances safety, productivity, efficiency, and sustainability for global mining operations. The company plans to deploy more of these advanced rigs in Australia and beyond in the coming months.
For further insights into TSE:FAR stock, check out TipRanks’ Stock Analysis page.