Brian Rudd explains why the growth of mineral exploration in West Africa is an exciting opportunity for mining companies both large and small.
History has provided us with various gold rushes across the globe and it seems that it is now the turn of West Africa to claim the mantle of the fastest-growing region in the mining industry.
Capital Drilling and other mining service providers are continuing to see a significant upturn in demand within the region, mainly driven by the over 500 mineral exploration projects and further 200 projects at production or assessment level. Capital Drilling has invested heavily within the region, taking our rig count from eight in 2016 to 31 today, accounting for over a third of our entire fleet.
Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.