[miningmx.com] – CORONATION Asset Management has reduced its holding in Master Drilling to 12.81% from 17.58%, the Johannesburg-listed mines services company said in a statement.
Coronation Asset Management has been one of Master Drilling’s anchor investors since it listed on the JSE in December 2012 in which time shares in the company have risen by just under 64%.
On September 4, Master Drilling announced a 20.9% increase in interim earnings attributable to shareholders of $9.3m.
