Master Drilling expands into India and Australia

Master Drilling has announced its expansion into India and Australia, diversifying across two new geographic areas.

In India, Master Drilling will support Vedanta Limited, a London Stock Exchange listed, globally diversified natural resources major with interests in zinc, lead, silver, copper, iron ore, aluminium, power as well as oil and gas. The company will deploy one large raisebore machine to one of Hindustan Zinc’s mines in India at an initial contract value of about USD6-million.

Master
Image credit: Master Drilling

In Australia, a large raisebore machine will be contracted out to an internationally renowned specialist underground mining contractor, on a gold project. The rental contract, the first such agreement which sees Master Drilling supply the machine without manpower, will run for an initial period of one year.

Master Drilling’s chief executive officer, Danie Pretorius, says, "These two deals mark our entry into India and Australia which are two new geographies for Master Drilling. Both contracts are also in commodities targeted in our strategic plan, being gold and zinc. We will continue to explore new geographies and further diversify our contracting approach to maximise the utilisation rates of our machines and further develop our global footprint.”

Both contracts relate to underground ventilation works to be completed over the next two years. The Indian contract has the potential to develop India as another expansion hub for the group, while the Australian contract is the first rental agreement where Master Drilling shall supply the raisebore machine and technical support whilst the client takes care of the operations.

“The two contracts are proof of our ability to provide our clients with specialised, adaptive and integrated drilling solutions to suit specific drilling technology challenges while driving growth by unlocking value across the geographies, sectors and commodities we operate in,” concludes Pretorius.


 

 

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