BHP has recognised Boart Longyear for its safety programs and client services.
A successful $770 million capital raising will allow drilling services provider Boart Longyear to cut its debts by around 90%.
Boart Longyear plans to raise US$635 million through a fully underwritten equity offer.
Boart Longyear plans to arrange refinancing on credit facilities of US$850 million.
Maintenance and aftermarket technology to maximise productivity. Boart Longyear’s Brian Patience and Ron Hankins write for Australian Mining.
Boart Longyear is considering a capital raising to cut debt and brace for lower 2009 earnings.
Boart Longyear has reported a rise in profit for the first time since cutting 2000 jobs worldwide.
Boart Longyear is expected to retrench more employees after the company confirmed revenue growth had fallen from a predicted 22% to 18% throughout 2008.
Boart Longyear has released a new surface exploration drill, targeted at the 1,200 m NQ market.
A Western Australian diamond producer has been awarded top honours for its commitment to Indigenous training and workforce development, by the Chairman of national industry skills council SkillsDMC.