Proactive Investors - Run By Investors For Investors

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."

View full CAPD profile View Profile

Capital Drilling Ltd Timeline

Related Articles

Drilling rig
January 10 2019
Since its first half results in August, the drilling services firm has secured two key contract extensions as well as a new delineation drilling contract in Côte d'Ivoire
March 26 2019
“The company continues to make strong commercial progress in its core aviation and energy operating divisions and is trading in line with management expectations," Stobart said.
Investment papers and laptop
May 07 2019
The investment firm focuses on providing consultancy services to universities and other research organisations to help them commercialise any intellectual property arising from their research

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use