Capital Drilling Ltd (LON:CAPD)

Capital Drilling Ltd (LON:CAPD)


Share Price
50.00 p
Change
0 (0.00 %)
Market Cap
£68.12 m
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Capital Drilling Ltd RNS Release

Contract Extension at Sukari


RNS Number : 1497F
Capital Drilling Limited
25 October 2018
 

For Immediate Release

25 October 2018

 

 

 

 

 

 

 

Capital Drilling Limited
("Capital Drilling" or the "Group")

Contract Extension at Sukari

 

Capital Drilling Limited (CAPD:LN), a leading drilling solutions company focused on the African markets, is pleased to announce it has been awarded a renewed five year production drilling contract at the Sukari Gold Mine, extending the current contract through to 2023.

Capital Drilling has been active at the Sukari mine since 2005 and currently runs a fleet of 14 rigs, providing Sukari with blast hole and grade control drilling services in the open pit.

Commenting on the contract extension, Jamie Boyton, Chairman said:

"Capital Drilling has been working with Centamin for fourteen years and we are delighted to continue this relationship as the demand for our services continues. This contract extension is a testament to the Group's solid operational performance and provides stability in operations to support our ongoing investment, in what is one of the highest quality and long-life gold mines globally."

 

For further information, please visit Capital Drilling's website www.capdrill.com or contact:

 

Capital Drilling Limited                                                       +230 464 3250

Jamie Boyton, Executive Chairman                                   [email protected]

André Koekemoer, Chief Financial Officer

 

finnCap Ltd                                                                           +44 20 7220 0500

Christopher Raggett, Corporate Finance

Camille Gochez, Corporate Broking

 

Tamesis Partners LLP                                                          +44 20 3882 2868

Charlie Bendon

Richard Greenfield

 

Buchanan                                                                               +44 20 7466 5000

Bobby Morse                                                                         [email protected]

Gemma Mostyn-Owen

               

 

 

About Capital Drilling

 

Capital Drilling provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d'Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group's corporate headquarters are in Mauritius.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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