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Kumba Awards ZAR 2 Billion Drilling Contract to Rosond

Mining News - Published on Fri, 16 Aug 2019

Image Source: African Mining Market
Family-owned Rosond, a decades-old drilling company, has secured a ZAR 2 billion contract with Kumba Iron Ore, displacing the larger, JSE-listed company Master Drilling at one of its key SA contracts. Kumba, which is 70% owned by Anglo American, granted the contract over both its mines in the Northern Cape to Rosond, replacing Master Drilling and Geoserve Exploration Drilling, said Rosond MD Ricardo Ribeiro in an interview.

Kumba had three large brownfield exploration drilling contracts with three companies, one at each of its two mines and a greenfields exploration drilling programme, which Rosond had started in 2012.

Mr Ribeiro said that “All the work went out to tender last year. Clearly, we ticked all the boxes for Kumba and Anglo and they awarded us the entire contract. It’s a lot of greenfield and brownfield exploration work and grade-control drilling in the pits of the two mines,” adding the new rigs and technology would improve operational efficiencies by between 30% and 50%.

However, it is the second large contract Rosond has won with an Anglo subsidiary, having recently signed a R500m contract with Debswana in Botswana. Debswana is a diamond mining company equally shared between that country’s government and De Beers, an 85%-held Anglo company.

The contract was awarded to Rosond as part of a Kumba initiative to “modernise its geoscience operations, and extend the life-of-mine of Kolomela and Sishen mines, to elevate safety standards, and improve productivity”, said Kumba CEO Themba Mkhwanazi.

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Posted By : Sanju Moirangthem on Fri, 16 Aug 2019
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