Master Drilling Group
DANIE Pretorius’s Master Drilling had a solid institutional following when it listed in Johannesburg in 2012. Investors recognised in his firm potential to improve mining efficiencies – among the most important of goals for the future viability of the South African mining sector. The firm’s latest foray is a number of flat and inclined reef-boring tests at Sibanye Gold’s deep-level Kloof shafts which could speed up access to reef and development. Technical innovation has also enabled Master Drilling to expand internationally - it is aiming to add one or two countries a year to its portfolio – which is all the more interesting in that its raise-boring tech is developed in-house in the one-cart town of Fochville, near Potchefstroom. Improving costs has particular relevance for the South African platinum sector which is under pressure as persistently low prices have rendered more than half the industry lossmaking. However, Pretorius also wants to roll Master Drilling’s raise-bore drilling expertise into the hydroelectric sector. He has targeted energy and construction accounts for 40% of future earnings. If Pretorius is a success, Master Drilling will cement its role as a globally important drilling company.
LIFE OF DANIE
Hailing from the Northern Cape province in South Africa, Pretorius cut his teeth as a certified government engineer for Anglo American’s Western Deep Levels Gold Mine, today called Tau Tona. He worked for Murray & Roberts in the Eighties before he founded Master Drilling Group in 1986.
- Web Address: www.masterdrilling.co.za