Posted in | News | Gold

$70 Million Drilling Contract For Kibali Gold Mine Awarded To Boart Longyear

Boart Longyear, 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 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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Boart Longyear. (2019, February 17). $70 Million Drilling Contract For Kibali Gold Mine Awarded To Boart Longyear. AZoMining. Retrieved on April 21, 2024 from https://www.azomining.com/News.aspx?newsID=8579.

  • MLA

    Boart Longyear. "$70 Million Drilling Contract For Kibali Gold Mine Awarded To Boart Longyear". AZoMining. 21 April 2024. <https://www.azomining.com/News.aspx?newsID=8579>.

  • Chicago

    Boart Longyear. "$70 Million Drilling Contract For Kibali Gold Mine Awarded To Boart Longyear". AZoMining. https://www.azomining.com/News.aspx?newsID=8579. (accessed April 21, 2024).

  • Harvard

    Boart Longyear. 2019. $70 Million Drilling Contract For Kibali Gold Mine Awarded To Boart Longyear. AZoMining, viewed 21 April 2024, https://www.azomining.com/News.aspx?newsID=8579.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.