Loss of key contract will hit Master Drilling earnings

Master Drilling has a fleet of 150 raise-bore drills, the world’s largest. Picture: SUPPLIED

Anglo American subsidiary and JSE-listed Kumba Iron Ore terminated Master Drillings’ contract at Kolomela unexpectedly a few weeks ago despite the company complying on safety, BEE, local procurement and technology aspects, CEO Danie Pretorius said. Master Drilling CEO Danie Pretorius spoke to Business Day TV about the group's expansion plans and the firm's interim results.

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Loss of key contract will hit Master Drilling earningsCompany plans to redeploy machines from the Kumba mine as quickly as possible after termination of the Kolomela deal
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