Capital Limited Secures Major Mining Contract at Reko Diq

Capital Drilling ( (GB:CAPD) ) has shared an announcement.

Capital Limited has signed a significant mining services contract with Reko Diq Mining Pakistan Limited, operated by Barrick, for the Reko Diq project. This agreement, which is expected to generate over $60 million in annual revenue, marks a major expansion of Capital’s operations at the site, with services extending through December 2028 and a potential five-year extension. The contract includes early works civils and tailings storage facility mining services, leveraging equipment from previous projects. This development enhances Capital’s presence in the region and aligns with its strategy of securing long-term contracts at world-class assets, further solidifying its partnership with Barrick and the Government of Pakistan.

More about Capital Drilling

Capital Limited is a leading mining services company, specializing in providing comprehensive services to the mining industry. The company focuses on delivering high-quality mining solutions, including drilling and geotechnical services, with a strong market presence and a proven track record in long-term partnerships.

YTD Price Performance: -23.46%

Average Trading Volume: 337,153

Technical Sentiment Signal: Buy

Current Market Cap: £117M

See more insights into CAPD stock on TipRanks’ Stock Analysis page.