Master Drilling confident, but eyes potential Ukraine disruption
The war in Ukraine has prompted caution over the group's dividend for 2021, when the global drilling group generated record revenue
22 March 2022 - 08:03
UPDATED 22 March 2022 - 15:29
Global drilling company Master Drilling has decided to defer a dividend due to the uncertainty being generated by the conflict in Ukraine, but also has reason for optimism, as mining houses scramble to take advantage of a bull run for many commodities.
After generating record revenue in 2021, Master Drilling is particularly confident about both its geographic diversification and its commodity exposure, CEO Danie Pretorius told Business Day, but was unsure about the potential effects of the war...
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