Foraco: Leading Global Driller Poised for Recovery Amidst Cyclical Volatility and Discount Valuation
Overview
Foraco International SA is the world’s third-largest mineral driller and a leading global player in specialized drilling services for mining and water projects. Based in Marseille, France, and operating in 21+ countries, Foraco runs a fleet of 265 drill rigs staffed by 1,850 employees. Its clientele includes major miners, junior explorers, and government agencies. The company delivers innovative, proprietary drilling solutions for complex geological challenges, with business split mostly between Mining (majority of revenue) and Water services. Foraco’s broad geographic footprint, diverse service offering, and emphasis on innovation, safety, and technical competence underpin its strong brand and ability to capture global demand for mineral exploration and water infrastructure projects.