Ontario Awards Boart Longyear $1.37 Million
Boart Longyear to Test, Develop New Drilling Solutions
The government of Ontario has awarded Boart Longyear Canada $1.37 million to support the development of a mineral exploration drilling site and drilling systems technology.
Investments by the Northern Ontario Heritage Fund Corporation (NOHFC) in projects like these have the potential to improve safety for drillers, increase efficiency, reduce drilling costs and create jobs once the products are commercialized.
"The Ontario government is very pleased that Boart Longyear's management team has chosen the Sudbury region for its newest R&D facility," says Michael Gravelle, minister of Northern Development and Mines for the provincial government and chair of the NOHFC. "It is a very significant step in building up our R&D mining cluster in Northern Ontario."
With the support of NOHFC funding as well as a matching corporate capital investment, Boart Longyear will work at the Northern Center for Advanced Technology (NORCAT) to test and develop several proprietary technologies, including driller-deployable geochemical technologies and other new technologies that will increase productivity.
"We are grateful to the government of Ontario for its significant commitment to our efforts to improve safety, increase efficiency and reduce drilling costs," says President and CEO Jeff Olsen. "Its investment will pay long-lasting dividends to the mining industry in Northern Ontarioand around the world."
Boart Longyear's facilities in North Bay and Mississauga, Ontario, are among the company's six global manufacturing locations.
Boart Longyear, based in Salt Lake City, touts itself as the world’s leading provider of drilling services and equipment, and performance tooling for the mining industry. The company has more than 9,000 employees worldwide, manufactures equipment in six global factories, and sells to customers in more than 100 countries. For more information, go to www.boartlongyear.com.