Sentula sells DRC-based drilling assets amid exploration crunch

JOHANNESBURG (miningweekly.com) – Sentula Mining subsidiaries Sentula Mining Services and Senex have inked a deal to offload idle property, plant, equipment and associated inventory held in the Democratic Republic of the Congo (DRC) to Orezone Drilling Mauritius and its DRC-focused drilling subsidiary Orezone Drilling DRC for $2.4-million. Sentula outlined in a statement on Tuesday that its subsidiaries had been chiefly engaged in providing opencast mining services, exploration drilling services and crane hire services in the DRC, but currently had no contracted work in the country as a result of a significant decline in activity in the exploration drilling sector over the past two years.