Geita Gold, Stamico sign Sh55 billion drilling contract

The GGML acting managing director, Elder Damon (left) sign a document during the sealing of a two-year agreement worth 55.2 billion with the State Mining Corporation (Stamico) with the aim of executing drilling activities at GGML. Right is the Stamico director general, Dr Venance Mwasse. PHOTO | COURTESY

What you need to know:

  • The State Mining Corporation has been providing exploration drilling services to Geita Gold Mining Limited since 2020 after local content regulations came into force