BRIEF-Major Drilling announces Australian branch closure

March 25 (Reuters) - Major Drilling Group International Inc MDI.TO :

* Announces Australian branch closure

* Now completed review of restructuring options for Australian operation,

concluded to proceed with full closure

* Says decision based on current industry downturn, which has hit Australia

* Says will now determine which assets should be moved to other jurisdictions

and which should be sold

* Says will incur asset write-downs and cash close-down costs, the amount of

which is currently being evaluated

* Source text for Eikon News Search ID:nCNWQxmnMa

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