Master Drilling aiming to extend geographical, technological diversification
Raiseboring and drilling solutions provider Master Drilling continues to extend its service provision capacity and technology reach, with the company focusing on diversifying into new markets and industries and advancing technologically.
“Diversification across geographies, commodities, currencies and industries remains a key part of Master Drilling’s longterm strategy,” CEO Danie Pretorius said dur ing the group’s interim results presentation in Johannesburg last week, noting that the group was experiencing strong demand, with increased enquiries across various regions and commodities.
While the group is investigating several opportunities in Australia, Canada and the US and envisaging additional growth from these countries, as well as from Africa and Scandinavia, it is also considering market potential in South America.
As the group aims to grow business not only in underground mining, but also in open pit mining, which accounts for the bulk of min ing, Master Drilling aims to acquire a Chilean drilling business. Pretorius believes that, given the group’s exposure and raiseboring experience, it could add value to such a company.
Further, the group would ideally like to extend its revenue growth through expanding into the civils and construction sector. “We would ultimately like to see this sector com prising 30% of our total portfolio,” he said.
While Pretorius noted that Master Drilling would target specific niches in this sector, with sewage work and water tunnelling as potential options, he cautioned that, as the group had limited knowledge in this space, it would take “baby steps”.
Diese Geschichte stammt aus der September 22, 2017-Ausgabe von Mining Weekly.
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Diese Geschichte stammt aus der September 22, 2017-Ausgabe von Mining Weekly.
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