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Master Drilling pays nigh-R100m dividend, moves needle on South Africa’s mining front
Drilling and mechanised rock excavation technology solutions company Master Drilling, which was established in 1986 and listed on the Johannesburg Stock Exchange Limited in 2012, has declared a 23%-higher nigh-R100-million 2024 dividend while also moving the needle impressively on South Africa’s safety-enhancing and cost-cutting mining front. While reporting record $270.8-million revenue and earnings of $58-million in the 12 months to December 31, Master Drilling has also engaged in helping to advance the rollout of new technology, which is expected to take people out of vulnerable areas, elevate grades, lower unit costs, streamline downstream materials handling, reduce tailings management, and offer a propensity to advance from mechanisation to automation.
Drilling and mechanised rock excavation technology solutions company Master Drilling, which was established in 1986 and listed on the Johannesburg Stock Exchange Limited in 2012, has declared a 23%-higher nigh-R100-million 2024 dividend while also moving the needle impressively on South Africa’s safety-enhancing and cost-cutting mining front. While reporting record $270.8-million revenue and earnings of $58-million in the 12 months to December 31, Master Drilling has also engaged in helping to advance the rollout of new technology, which is expected to take people out of vulnerable areas, elevate grades, lower unit costs, streamline downstream materials handling, reduce tailings management, and offer a propensity to advance from mechanisation to automation.
