- Business
- Capital Limited (CILLF) is a leading provider of integrated mining services to the global minerals industry, with a primary focus on drilling, mining, maintenance, and geochemical analysis solutions across Africa and select international markets. Founded in 2004 and headquartered at Ground Floor, 10/11 Park Place, London SW1A 1LP, United Kingdom, the company operates through brands including Capital Drilling, Capital Mining, MSALABS, Mine Site Maintenance (MSM), and Well Force International; its core offerings encompass exploration drilling (air core, reverse circulation, diamond), grade control and blast hole drilling, underground and directional drilling, load and haul mining services, drill and blast, dewatering, fleet management, mineral geochemical analysis with on-site laboratories and Chrysos PhotonAssay technology, down-hole tool rental, survey and core orientation services, asset maintenance and rebuilds, and HiTT borehole management software. The company serves Tier 1 mining operators and exploration firms in regions including East Africa (Tanzania, Kenya), West Africa (Côte d’Ivoire, Mali, Mauritania, Guinea), MENA (Egypt, Saudi Arabia), and expanding into North America (USA, Nevada) and other areas like Pakistan and Zambia, with long-term contracts at sites such as Sukari Gold Mine (Centamin), Geita and North Mara (Barrick), and Tasiast (Kinross). Recent developments include the commencement of a major three-year borehole drilling services contract and a mining services contract (load and haul, civils) with Reko Diq Mining Company Limited in Pakistan in H1 2025, grade control drilling extensions with Allied Gold at Sadiola Mine through December 2027 and Barrick at Lumwana Copper Mine, a Nevada Gold Mines contract award in late 2024, sale of shares in Predictive Discovery Limited in 2025 to recycle capital and reduce debt, a proposed equity fundraise of £31 million (US$40 million) in November 2025 to support growth amid anticipated service demand into 2026, FY 2024 revenue of $348 million (up 9.3%), and increased 2025 revenue guidance to $300-320 million with focus on US expansion and operational efficiencies.