Capital Drilling Limited Proposed Legislative Changes in Tanzania (9293J)
03 July 2017 - 8:40PM
UK Regulatory
TIDMCAPD
RNS Number : 9293J
Capital Drilling Limited
03 July 2017
FOR IMMEDIATE RELEASE 3 July 2017
Capital Drilling Limited
("Capital Drilling", the "Group" or the "Company")
Proposed Legislative Changes in Tanzania
Capital Drilling Limited (CAPD:LN), a leading drilling solutions
company focused on emerging and developing markets, notes the
recent publication of draft legislation in Tanzania which
recommends changes to the legal framework governing the natural
resources sector, which is to be debated in the Dar es Salaam
Parliament this week. Though the suggested changes to the
legislation are principally focused on mining groups and the
percentage of local ownership, this legislation also includes
suppliers for goods and services to the mining industry in
Tanzania. Though the Company's Tanzanian subsidiary, Capital
Drilling (T) Ltd, Tanzania, is a 100% Tanzanian company by law, the
Company is monitoring the situation closely and will update
shareholders in the event there are any potential risks to the
Company's business in that country.
For further information, please visit Capital Drilling's website
www.capdrill.com or contact:
Capital Drilling Limited +230 464 3250
Jamie Boyton, Executive Chairman investor@capdrill.com
Dewald van Tonder, Chief Financial Officer
finnCap Ltd +44 20 7220 0500
Christopher Raggett, Corporate Finance
Emily Morris/Simon Johnson, Corporate Broking
Tamesis Partners LLP +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Buchanan +44 20 7466 5000
Bobby Morse capitaldrilling@buchanan.uk.com
Gemma Mostyn-Owen
About Capital Drilling
Capital Drilling provides specialised drilling services to
mineral exploration and mining companies in emerging and developing
markets, for exploration, development and production stage
projects. The Company currently owns and operates a fleet of 93
drilling rigs with established operations in Botswana, Chile,
Egypt, Ethiopia, Kenya, Mali, Mauritania, Serbia and Tanzania. The
Group's corporate headquarters is in Mauritius.
This information is provided by RNS
The company news service from the London Stock Exchange
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