Capital Drilling Secures Drilling Contract From Acacia Mining
December 14 2015 - 5:24AM
Dow Jones News
By Alex MacDonald
LONDON--Capital Drilling Ltd. (CAPD.LN) said Monday it has been
awarded a new contract to undertake production drilling services
for Acacia Mining PLC's (ACA.LN) North Mara gold mine in
Tanzania.
The contract is scheduled to start Jan. 1 for two years with the
ability to extend it by another two years. Revenue is expected to
be approximately $1 million a month.
In addition to the Acacia contract, Capital Drilling has
extended contracts with three clients. Its Geita Gold Mine contract
in Tanzania with Anglo Gold Ashanti Ltd (ANG.JO) and its Sukari
gold mine contract in Egypt with CeCentamin PLC (CELTF) have been
extended to 2020. A contract at the Tasiast Gold Mine, Mauritania,
with Kinross Gold Corp. (KGC) was extended to December 2016.
Capital Drilling shares are up 1% at 23.5 pence a share.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
December 14, 2015 05:09 ET (10:09 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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