SALT LAKE CITY, Aug. 16, 2013 /PRNewswire/ -- Boart Longyear
(www.BoartLongyear.com), the world's leading integrated exploration
drilling services, equipment and performance tooling provider, has
been awarded a contract for the exploration drilling services at
the Kibali gold mine in the Democratic
Republic of Congo (DRC). The contract has an expected
duration of five years and value of up to US$70 million. Drilling is scheduled to commence
immediately.
The Kibali gold mine is anticipated to rank as one of the
largest gold mines in Africa.
Located in a remote northeastern area of the Democratic Republic of Congo and operated by a
joint venture of Randgold Resources, AngloGold Ashanti, and the
Congolese parastatal, Sokimo, it currently has reserves estimated
at close to 11 million ounces of gold.
During the life of the contract, Boart Longyear will deploy at
least seven rigs at the site and provide a variety of drilling
techniques, including deep diamond coring, reverse circulation and
rotary rigs for mine dewatering.
"We have had a long-standing association with Boart Longyear. We
value their technical expertise and ability to drill in the most
challenging conditions, and, with their help, we have discovered
five other world-class gold deposits in Africa," said Paul
Harbidge, general manager, exploration for Randgold
Resources Limited.
"The Kibali contract represents the strong partnership between
Randgold Resources and our company," said Michael Napoletano, general manager of drilling
services in Europe, Middle East and Africa (EMEA) for Boart Longyear. "It will
form a core part of our already significant business in the DRC for
several years."
To learn more about Boart Longyear Drilling Services, visit:
http://www.boartlongyear.com/drilling-services.
About Boart Longyear
With over 120 years of expertise, Boart Longyear is the world's
leading provider of drilling services, drilling equipment, and
performance tooling for mining and drilling companies globally. It
also has a substantial presence in aftermarket parts and service,
energy, mine dewatering, oil sands exploration, and production
drilling.
The Global Drilling Services division operates in over 40
countries for a diverse mining customer base spanning a wide range
of commodities, including copper, gold, nickel, zinc, uranium, and
other metals and minerals. The Global Products division designs,
manufactures and sells drilling equipment, performance tooling, and
aftermarket parts and services to customers in over 100
countries.
Boart Longyear is headquartered in Salt Lake City, Utah, USA, and listed on the
Australian Securities Exchange in Sydney,
Australia. More information about Boart Longyear can be
found at www.boartlongyear.com. To get Boart Longyear news direct,
visit http://www.boartlongyear.com/rssfeed.
Contact: Monika
Portman
Director of Corporate Communication
Phone: +1 801-952-8451
Email: monika.portman@boartlongyear.com
SOURCE Boart Longyear