Capital Limited wins three-year expanded contract at Geita gold mine in Tanzania
“Significantly, these contracts will bring our relationship with AngloGold Ashanti at the Geita site to 19 consecutive years”
() has been awarded two new three-year contracts at ‘s Geita Gold Mine in Tanzania.
The work includes surface delineation and open pit grade control drilling services in addition to underground grade control and delineation drilling.
The underground contract will utilise nine rigs, including five from the existing fleet together with an additional four new rigs, currently in transit to the site. The surface delineation contract will utilise the existing fleet of five rigs.
Capital, which has been providing drilling services at the Geita Gold Mine since 2006, said the new three-year contracts start in April and will generate revenues of US$65mln over the contract term.
Jamie Boyton, executive chairman, said: “The awarding of the contracts at the Geita Gold Mine maintains our long-standing relationship with and is in line with our strategy of focusing on long-term minesite contracts with premier clients
“Significantly, these contracts will bring our relationship with at the Geita site to 19 consecutive years.
“This follows our recently announced contracts with the Sukari Gold Mine in Egypt for provision of waste mining and expanded drilling services, which will extend our relationship with Centamin to 20 consecutive years.”
Read More: Capital Limited wins three-year expanded contract at Geita gold mine in Tanzania