Australia's SSH Group rises on potential acquisition of private mining services firm

SSH

28/03/2025 02:20

** Shares of SSH Group SSH.AX rise 10% to A0.110, their highest since March 19

** Industrial services co signs a non-binding term sheet to acquire privately-owned mining solutions provider Total Contract Mining

** "This development aligns with SSH Group's strategy to rapidly grow its mining services capabilities and strengthen its position in the Australian resources sector" - co

** Stock up nearly 31% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))