Newmont sells Éléonore mine in Quebec for $795 million
The miner said the deal and other 2024 sales will raise $3.6 billion.
SALT LAKE CITY — May 13, 2014 — 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 Escondida copper mine in the Atacama Desert of northern Chile.
Minera Escondida is a mine site located 170 km southeast of Antofagasta, at an altitude of 3,100 m. It is owned by BHP Billiton (57.5%), Rio Tinto (30%), JECO Corporation (10%) and JECO 2 Ltd. (2.5%). It is operated by BHP Billiton.
During the life of the contract, Boart Longyear will deploy at least 16 rigs at these sites and provide a variety of drilling techniques, including diamond coring (semi-automated hands-free), reverse circulation and rotary rigs for mine dewatering.
“Being selected by Minera Escondida to do their exploration work is an honour for the local team of drillers, helpers, and support personnel to prove on a daily basis that we can deliver safe meters to one of the world’s top miners,” said Scott Whitt, general manager of drilling services in Latin America for Boart Longyear. “We are grateful that Minera Escondida has selected Boart Longyear and are excited to start drilling for them.”
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 de-watering, 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.
