Could you give an overview of Blu Rock Mining’s capabilities?

Blu Rock Mining provides expert diamond, reverse circulation, geotechnical, air core, blast hole, pressure grouting, cover, de-watering, and monitoring hole drilling services to the Zambian and DRC mining industries. In Zambia, the company’s fleet includes 12 diamond drill rigs and 2 multipurpose (DD and RC) drill rigs. We have also acquired an air core drill rig, which has been drilling at the Pangeni copper project for several years. We operate a separate but closely coordinated entity in the DRC. While the companies are independent, we exchange technical and managerial experience across borders.

How do you strategize for growth?

Over the past year, Blu Rock has experienced both periods of small decline and periods of growth. Despite the fluctuations, we maintained positive cash flow, bought additional equipment, and trained operators. Most of the work we secured consisted of short-term contracts (three months, six months, sometimes one year). Only two projects were open-ended. Our priority now is to secure longer-term contracts, because the nature of the business has become more competitive and more crowded.

How has competition in the drilling space changed since Zambia’s 3 million t/y copper production target has been announced?

The national target of 3 million t/y is a bold and aspirational goal. Such visions are essential for the mining industry and for the country. The strong marketing of the country has brought increased investor attention, and more prospecting and mining activity, which has increased demand for drilling.

How will Zambia’s newly introduced local content regulations impact this competitive landscape?

Zambia’s local content regulations have been on the agenda for some time now. Being part of the Chamber of Commerce, I reviewed the draft document, and this will assist local companies to gain more access to the mining industry.

Could you comment on access to financing in Zambia?

Generally getting access to finance is very expensive with 10% to 11% interest rates in US$. The lending institutions should try and make effect to reduce lending rates for local mining companies.

How do you think the drought impacted Zambia, not just the mining sector, but the broader population too?

The severe drought experienced in 2024 had affected Zambia’s energy sector. However, solar and hydro power are being developed to minimize the energy deficit. These collective efforts to expand solar and hydro infrastructure are paving the way for a more robust energy future. Once typical rainfall patterns resume alongside this new solar and hydro capacity, the nation has the potential to achieve energy surplus. Both the mining sector and the country at large are demonstrating remarkable adaptability, investing decisively for a more secure future. Blu Rock is committed to being an integral part of this forward momentum, supporting our clients and contributing to national growth.

How much do Blu Rock’s operations in the DRC contribute to the company’s overall revenue?

Blu Rock Mining Services and Blu Rock SARL are independent companies registered in Zambia and DRC respectively. And as such, only share expertise and knowledge on drilling operations.

Do you have a final message for our audience?

Blu Rock is a determined and courageous company. We never failed to finish a project. We are fully focused on seeing projects through, supporting our clients technically and operationally, and drilling for Zambia’s future.