Master Drilling mulling year-end dividend, launching blast-free borer

Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg Securities Exchange-listed company, which reported 11.3% higher revenue to $67.4-million and 6% higher operating profit to $12.9-million, is considering a year-end dividend.