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Northam has achieved another major project milestone with the completion of drilling of its No 3 Shaft, at a world record depth of 1 382 metres at the group’s Zondereinde mine in the western bushveld. Work on the No 3 shaft at Zondereinde’s significant brownfields capital expansion project, the ...
Business is booming for contract raise boring and drilling group Master Drilling but management continues to take a cautious outlook despite predicting a “bull run” for its operations and has not declared an annual dividend. According to Pretorius: “The...
‘I think the more you diversify, obviously the less the risk becomes if you can do business globally’: CEO Danie Pretorius.
With rising utilisation rates and an order book that has tripled, Master Drilling’s huge rise in profits is no surprise.