Could you update our readers on Blu Rock’s current capabilities, fleet and expertise? 

Blu Rock was founded in 2007 as a leading drilling services company, establishing our head office in Kitwe and having operations in Luanshya, Zambia. Today, we continue to serve the Zambian mining market, including BeMetals’ Pangeni project, FQM’s Kalumbila mine, and Barrick’s Lumwana mine, and are also present in the DRC where we are providing services to KCC, ERG’s Frontier mine, and AVZ’s Manono project. We continue to look for opportunities to service these mining markets. Over the past year, we have invested in new equipment and specialized terrain vehicles to improve our productivity and capacity, and have also ordered new drill rigs, including specialized machines able to drill holes down to 2,400 m, which should position Blu Rock competitively as mines are moving deeper underground. While the new rigs boast advanced features, including an automatic rod handler, they come at a higher cost, and the sophistication and larger scale of these machines necessitate a careful balance between cost considerations, operational efficiency, and the integration of new technology. Blu Rock currently has approximately 30 drill rigs of which seven are available for new contracts.  

Considering recent political changes, new investments, and developments such as Vedanta Resources regaining control of the Konkola Copper Mines (KCM), how would you assess the current health of the mining industry in Zambia, and what is your outlook for 2025?

It is encouraging to see that Vedanta Resources have regained control, paving the way for further investment to ramp up production and unlock KCM’s full potential. 

We hope to see the much-needed capital being injected into the mining sector. There is no doubt about the future demand for copper, as the Ministry of mines & Mineral development targets 3 million t/y of copper production by 2031. The government recognizes the necessity for a stable business environment to facilitate increased copper production. This includes addressing infrastructure challenges, such as the need for additional electricity and plans for new hydropower and solar projects. 

Blu Rock remains optimistic about the future, and we hope that we continue to play a part in the exploration projects.

Can you elaborate on the competitive landscape in the drilling space? Do you have any protection in terms of local content as a locally registered Zambian and Congolese entity? 

Both Zambia and DRC have implemented local content regulations to promote the involvement of locally registered companies in the mining industry. In Zambia, the Mines and Minerals Development Regulations aim to increase the participation of local companies. Similarly, the DRC has local content policies designed to enhance local participation in mining activities. As a registered Zambian and DRC Company, these regulations provide a framework that supports our involvement in the drilling industry and ensure that local businesses have opportunities to participate in and increase contribution in mining operations.   

What is the environment like in Zambia and DRC when it comes to interest rates and the availability of capital?

Both countries face challenges in capital availability. The high interest rates on borrowing are not encouraging for businesses and individuals seeking financing. 

Why should mining companies choose Blu Rock as their drilling partner?

Blu Rock has 17 years of experience in the market and has put significant effort into attracting and training the best talent.  With the founder’s experience of 40 years in the Mining industry, this brings a deeper local knowledge and expertise. Our diverse service portfolio enables Blu Rock to meet various drilling needs across different drilling mining projects. Blu Rock prides itself on maintaining excellent records in safety and quality of workmanship. The company strives to exceed client expectations by providing outstanding services, increased flexibility, and greater value, thus optimizing core recovery and operation efficiency. With operations in both Zambia and DRC, Blu Rock is well positioned to serve mining companies in these regions. The company’s local presence ensures a deep understanding of the regulatory environments and facilitates smooth execution and timely project completion.