Master Drilling ties up with Italian tunnelling firm in bid to diversify
The JV, which is 49% owned by Master Drilling and 51% by Ghella, is called TunnelPro and will provide services in civil and mining projects
Master Drilling has entered a joint venture with Italy's Ghella company, which specialises in building infrastructure, as it seeks to diversify its product offering. The new partnership has also bought an Italian tunnelling specialist, which will complement Master Drilling's position as one of the world's biggest raise-bore drilling operators providing services to the mining industry in SA, the rest of Africa and further afield. Master Drilling has just completed the proof of concept tests in Italy on a mobile tunnel-boring machine that it had built by Seli Technologies, the company which it and its partner Ghella have just bought for an undisclosed sum. The joint venture, which is 49% owned by Master Drilling and 51% by Ghella, is called TunnelPro and the Italy-registered company will provide services in civil and mining projects. "TunnelPro … will pursue tunnel boring projects in the smaller scope civil construction and broader mining industries while also offering select product ...
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