Northam cancels Master Drilling’s innovative tunnel borer
Mining companies reel under the Covid-19 pandemic and opt to hold on to cash
02 April 2020 - 22:54
One of two projects that will determine the future of Master Drilling has been derailed by Covid-19, with mining group Northam Platinum cancelling work on the innovative mobile tunnel boring machine that promises to revolutionise mining.
The tunnel borer allows mining companies to access ore bodies far more quickly than conventional hand-held drills and blasting, changing the economics of mining projects by bringing forward revenue and making previously unviable deposits a financially realistic proposition...
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