Ontario govt awards Boart Longyear C$1.37m to improve safety, reduce costs
VANCOUVER (miningweekly.com) – Multinational drilling equipment and services provider Boart Longyear has received an award of C$1.37-million from the Ontario government to help improve safety at mineral exploration drilling sites and the efficiency of drilling systems technology.
The Salt Lake City, Utah-headquartered company said the Northern Ontario Heritage Fund Corporation (NOHFC) made the investment to improve safety for drillers, increase efficiency, reduce drilling costs and create jobs once the products are commercialised.
"The Ontario government is very pleased that Boart Longyear's management team has chosen the Sudbury region for its newest research and development facility," Northern Development and Mines Minister Michael Gravelle said at the MineExpo International conference in Las Vegas.
The NOHFC funding, as well as a matching corporate capital investment, will enable Boart Longyear to test and develop several proprietary technologies, including driller-deployable geochemical technologies and other new technologies that will increase productivity, at its Northern Centre for Advanced Technology.
Boart Longyear has six manufacturing facilities globally, including in North Bay and Mississauga, Ontario.
The company last month reported a 20% year-on-year decrease in revenues for the half-year ended June 30, mainly driven by lower volumes as miners slashed exploration budgets in recent years, as well as unfavourable currency translations owing to the strengthening greenback.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation