Master Drilling’s Chile darling proves biggest disappointment
Management is turning its focus to debt reduction as it pins its future on two new key technologies to build mines faster in the future
24 March 2020 - 17:52
Master Drilling had a difficult year in its normally solid operating base in South America, which contributed towards a fall in annual profit, while fears about the Covid-19 viral outbreak prompted the board to withhold dividends.
Master Drilling, which operates in 11 countries, is one of the world’s major operators of large drilling machines for the mining industry. It is based in Fochville, about 70km west of Johannesburg...
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