Business
Contract Extension at North Mara
Contract Extension at North Mara.
About this update from Capital Limited
[{"type":"text","content":"\n \nRNS Number : 9214Z Capital Drilling Limited 20 December 2017 \n\n\n\n\n\nFor Immediate Release\n\n\n20 December 2017\n\n\n\n\n \n \n \n \n \n \n \nCapital Drilling Limited\n(\"Capital Drilling\", the \"Group\" or the \"Company\")\nContract Extension at North Mara\n \nContract Extension in North Mara\nCapital Drilling Limited (CAPD:LN), the Africa focused drilling company, is pleased to announce that it has signed a two year extension agreement (the \"agreement\") at Acacia's North Mara mine, for the continued provision of blast hole and grade control drilling services. \nCapital Drilling has been active at the North Mara Mine since 2008, and commenced the full service production drilling contract in 2016. The extended agreement now runs to December 2019 and reflects the Group's strong operational performance over the initial two-year contract term. There are currently five rigs on site carrying out blast hole and grade control drilling services, which we expect to remain in place for the duration of the contract. \n \nCommenting on the contract extension, Jamie Boyton, Chairman said:\n\"Capital Drilling has been working with Acacia for nine years and we are delighted to continue this relationship as the demand for our services continues. This contract extension is a testament to the Group's solid operational performance and is consistent with our expectations.\"\nFor further information, please visit Capital Drilling's website www.capdrill.com or contact:\nCapital Drilling Limited +230 464 3250\nJamie Boyton, Executive Chairman [email protected]\nAndré Koekemoer, Chief Financial Officer\n \nfinnCap...