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Boart Longyear Awarded US$70 Million Contract for the Kibali Gold mine

    Boart Longyear Awarded US$70 Million Contract for the Kibali Gold mine

PR Newswire

SALT LAKE CITY, Aug. 16, 2013

SALT LAKE CITY, Aug. 16, 2013 /PRNewswire/ -- 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 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 dewatering, 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.

Contact: Monika Portman
Director of Corporate Communication
Phone: +1 801-952-8451
Email: monika.portman@boartlongyear.com



SOURCE Boart Longyear

Website: http://www.boartlongyear.com
 
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