Business
New Contract Wins
New Contract Wins.
About this update from Capital Limited
[{"type":"text","content":"\n \nRNS Number : 7324P Capital Drilling Limited 04 October 2013 \n \n\nFor Immediate release 04 October 2013\n \n \n \n \n \nCapital Drilling Limited\n(\"Capital Drilling\" or \"the Group\")\n \nNew Contract Wins\n \nCapital Drilling (CAPD: LN), the emerging and developing markets drilling company, is pleased to today announce new contract wins and expansions.\n \nThe new contracts are as follows:\n \nContract 1 - Geita Gold Mine, Tanzania (AngloGold Ashanti)\nCapital Drilling Tanzania has been awarded a 5 year drilling contract with AngloGold Ashanti in Tanzania, where the Group has been operating since 2007. The contract is to provide all drilling services to the Geita Gold mine which includes development (diamond & reverse circulation), grade control and blast hole drilling. Initial rig requirements in 2014 total 9 rigs of which 4 will be sourced internally and, in the case of the blast hole rigs, through new purchases.\n \nThe contract was awarded after a competitive tender process and will formally begin on 1 January 2014. It will be supported by the Group's extensive infrastructure in Mwanza and consolidates Capital Drilling's leading position in Tanzania with operations currently active across 4 projects in the Country.\n \nContract 2 - Simberi & Gold Ridge Mines, PNG & Solomon Islands (St Barbara)\nCapital Drilling has also been awarded a contract expansion by St Barbara at the Gold Ridge project in the Solomon Islands, in addition to a new contract award for the Simberi Mine in Papua New Guinea. The...