Boart Longyear Ltd. announces a new business division, Boart Longyear Financial Services (BLFS) group. Through a partnership with Ecologic Leasing Services, BLFS now offers customers competitive financing solutions for Boart Longyear mineral exploration drilling equipment. All Boart Longyear drilling capital equipment technologies are included in the new program: multi-purpose, production, reverse-circulation, rotary, sonic, and surface and underground coring.

“This new division provides customers who qualify with innovative financing options for the world’s leading mineral exploration drilling technologies. We are pleased to offer this service in response to requests from our customers,” states Boart Longyear president and chief executive officer Craig Kipp.

Boart Longyear Financial Services’ financing offerings now are available to customers in the United States and Canada. In the coming months, the service also will become available in Australia and Chile, and continued global expansion will continue through 2012.