R/€ = 15.78 Change: -0.04
R/$ = 13.86 Change: -0.02
Au 1282.72 $/oz Change: -11.14
Pt 800.84 $/oz Change: -3.02


Resources Watch  

6th September 2018 Global mining showing interest in Master Drilling’s new technology; And, Sibanye expects Lonmin competition finality October 

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Safety and technology at the forefront this week  

29th August 2018 This week Master Drilling to launch new technology, Southern Palace is accelerating mining technology development in South Africa and, Sibanye-Stillwater commits to take safety to the next level. Mining Weekly editor Martin Creamer unpacks the headlines.   

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

Master Drilling mulling year-end dividend, launching blast-free borer

By: Martin Creamer     28th August 2018 Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg... 

Geographical diversification bodes well for South Africa’s Master Drilling

By: Simone Liedtke     20th March 2018 South Africa-based raisebore driller Master Drilling’s expansion into new markets, particularly its recent entry into India and Australia, should stand it in good stead to benefit from a global uptick in the commodity cycle. The JSE-listed company in November announced its entry into the Indian... 

Master Drilling warns of lower FY17 earnings

By: Creamer Media Reporter      8th March 2018 Master Drilling on Thursday said its earnings per share (EPS), in rand terms, for the year ended December 31, were likely to be between 22.1% and 32.1% lower year-on-year at between 142.60c and 163.60c. Headline earnings per share (HEPS) are, similarly, expected to decrease by between 20.2% and... 

Political shifts lift investor mood in Southern African mining

By: Reuters     8th February 2018 Mining is a long-term game, but in Southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year. Angola's Jose Eduardo dos Santos and Zimbabwe's Robert Mugabe stepped down in 2017 after a combined 75 years in office, while the election of... 

Master Drilling unveils novel mobile tunnel boring system at Indaba

By: Mia Breytenbach     6th February 2018 JSE-listed Master Drilling has launched its new South African-developed mobile tunnel boring system, which is suitable for the excavation of various types of tunnels. Master Drilling executive director Koos Jordaan explained at the unveiling of the system at the Investing in African Mining... 

South Africa’s Master Drilling expands into India, Australia

By: Martin Creamer     1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... 

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Master Drilling boasts strong order book 

By: Megan van Wyngaardt     22nd March 2017 The launch of new projects in the Democratic Republic of Congo, Sierra Leone and Tanzania, paired with increased investment in human resources, has resulted in a 12.1% drop in JSE-listed Master Drilling’s gross profit to $23.5-million for the 2016 financial year. However, the company noted that... 

Master Drilling readies for international roll-out of new horizontal raiseboring technology

By: Ilan Solomons     7th February 2017 JSE-listed drilling services provider Master Drilling announced at the Investing in African Mining Indaba on Tuesday that its horizontal raiseboring (HRB) technology is ready for international roll-out after a successful pilot test at the Cullinan diamond mine, in Gauteng. Master Drilling CEO... 

Master Drilling secures healthy pipeline of projects, despite challenges 

By: Ilan Solomons     6th September 2016 JSE-listed drilling services provider Master Drilling has overcome a challenging economic climate to secure a $208.9-million order book, while its headline earnings a share increased 30.1% year-on-year to 97.6c in the six months ended June 30. At a presentation of the company’s interim results,... 

Master Drilling automation strategy progressing

By: Natasha Odendaal     23rd July 2013 As specialised drilling services group Master Drilling embarked on a new raiseboring project for Sasol Mining, executive director Koos Jordaan said that the newly JSE-listed firm was progressing its drilling automation strategies. Master Drilling was undertaking a four-phase project to enhance... 

Master Drilling awarded R1bn Kolomela contract

By: Idéle Esterhuizen     26th March 2013 JSE-listed drilling services provider Master Drilling has been awarded a contract worth in excess of R1-billion to provide Kumba Iron Ore with a ‘one-stop shop’ solution at its Kolomela mine, in the Northern Cape. The first of its kind for the group, the contract would see Master Drilling provide... 

Master Drilling to expand into vertical shaft boring

By: Idéle Esterhuizen     7th January 2013 Global drilling services provider Master Drilling was planning to expand into the vertical shaft boring business, MD Danie Pretorius has indicated. He told Mining Weekly Online that the company was considering expanding its business to include vertical shaft boring over the long term, “We will... 

Master Drilling share price rises sharply on debut

By: Martin Creamer     20th December 2012 The share price of Master Drilling, which is described as the world’s largest raisedrilling company "by far”, rose 17% after the Fochville-headquartered company was listed on the Johannesburg Stock Exchange (JSE) on Thursday. The share price increased from its opening level of R7.85 a share to... 

Master Drilling to list on JSE

By: Creamer Media Reporter      10th December 2012 Specialised drilling services company Master Drilling announced on Monday that it planned to list on the JSE as part of its growth and internationalisation strategy. CEO Daniel Pretorius said that the funds raised would enable the company to buy new drill rigs and associated equipment to fulfil... 


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