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Capital preferred by Resolute

Africa-focused drilling services firm Capital Drilling (LN:CAPD) has converted a short-term deal for Resolute Mining’s (AU:RSG) Mali operations into a three-year contract, continuing a refocus for the group away from operations in Tanzania where miners are currently struggling with government relationships.

Chris Cann
A three-year deal with Resolute Mining in Mali is helping Capital Drilling diversify away from Tanzania

A three-year deal with Resolute Mining in Mali is helping Capital Drilling diversify away from Tanzania

The deal with Resolute will centre on the circa 200,000 ounce per annum Syama gold mine, which the company is working to expand beyond its 12-year life by discovering more refractory ounces. Capital currently...

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