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Capital Drilling extends Geita contract with Anglo Gold Ashanti

The contractor will continue operations at the mine where it has worked since 2006
drilling rig
A master agreement is in place to 2020

Capital Drilling Ltd (LON:CAPD) has extended its contract with Anglo Gold Ashanti for the Geita mine, in Tanzania.

The London listed mining services contractor will continue underground exploration and grade control drilling, under a sub-contract to a five-year master agreement which currently runs to December 2020. It has operated at the Geita mine since 2006.

READ: Capital Drilling lands contract renewal for Centamin’s Sukari mine

"The experience Capital Drilling has gained at the Geita Gold Mine over the past thirteen years underpins our strategy of targeting Tier 1 long-life assets with quality operators,” said Jamie Boyton, Capital Drilling executive chairman.

“We continue to deliver excellent operational results for AngloGold Ashanti and are pleased to have the extension of the underground drilling contract for a further year."

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