December 2023
Boart Longyear, floated for $2.35b, agrees to $543m takeover
The ASX-listed drilling company, once the second-largest IPO in Australian history, will go private after struggling for years as a minnow.
- Campbell Kwan
March 2023
Meet Tim Goyder, mining lifer and new billionaire
The Liontown Resources non-executive chair is Australia’s newest billionaire, and dealt with a few of the more established ones on his way up.
- Michael Bailey
May 2022
Battery-metal boom to change commodities cycle: ALS
Australian laboratory testing giant ALS sees profits jump while eyeing higher prices amid inflationary pressures.
- Liam Walsh
February 2022
Drillers say tight labour market leading to wage pressures
Drilling companies Boart Longyear and Mitchell Services are flagging wage inflation for mining drillers of up to 5 per cent over the next year.
- Liam Walsh
October 2018
Fortescue chief Elizabeth Gaines looks to a future beyond iron ore
As Fortescue strives to produce higher-grade iron ore and reduce price penalties, chief executive Elizabeth Gaines has her sights set on pushing the mining company beyond its heartland.
- Updated
- Peter Ker
August 2018
BHP wants Samarco class action delayed
BHP Billiton will seek to have an Australian class action into the Samarco dam disaster delayed in a bid to avoid prejudicing homicide charges laid against current and former executives in Brazil.
- Updated
- Peter Ker
May 2018
Beyond Samarco, Randolph charts Boart revival
Despite the distraction of homicide charges over the Samarco dam disaster, former BHP executive Marcus Randolph is getting on with the job of ''cleaning up'' highly-geared driller Boart Longyear.
- Updated
- Peter Ker
February 2017
Two down, one to go for Boart Longyear refinancing
The topic du jour among distressed debt funds is drilling contractor Boart Longyear's latest attempt to refinance its $US700 million-odd debt balance.
- Updated
- Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis
July 2016
Ratings agencies divided on Boart Longyear
The impact the gold price recovery could have on Boart Longyear has divided ratings agencies on the besieged drilling services company's prospects.
- Updated
- Tess Ingram
May 2016
New Boart Longyear CEO laying the groundwork ahead of a recovery
The message from the new chief executive of mining services company Boart Longyear is clear – it is still tough out there. But Jeff Olsen has a slow and steady plan.
- Updated
- Tess Ingram
October 2015
Get on the same side as private equity
There is a very good reason deals like Dick Smith give private equity a bad name.
- Updated
- Philip Baker
August 2015
Boart Longyear outlook 'deteriorating'
Boart Longyear is the global leader in the production of rigs and consumables for mineral exploration.
- Updated
- Elise Shaw
June 2015
Citi tips more profit downgrades to come
From banks and miners to retail brands, a Citi report shows many companies are about to pay for their sins this confession season.
- Updated
- Stephen Cauchi
March 2015
Mid-tier miner equity raisings fall in February
Equity raisings from junior and mid-tier miners fell sharply in February, in a poor sign for drilling and testing companies ALS Ltd and Boart Longyear.
- Sarah Thompson, Anthony Macdonald and Jake Mitchell
February 2015
Results Wrap | Reporting season blog February 23
Live blog | Welcome to the The Australian Financial Review reporting season blog for 2015. Companies reporting today include ■ Lend Lease ■ Bluescope.
- Updated
- Sineva Wilson and Will Willitts
Minerals exploration may have bottomed, UBS says
Junior and mid-tier miners raised $US336 million in January, which was more than 42 per cent higher in dollar terms than the previous month, UBS says.
- Updated
- Sarah Thompson, Anthony Macdonald and Jake Mitchell
January 2015
Centerbridge Partners lifts Boart Longyear stake to 49.9pc
US private equity group Centerbridge Partners has gained a 49.9 per cent stake in Boart Longyear after shareholders in the struggling drilling company largely ignored a rights issue.
- Updated
- Tess Ingram
December 2014
StarMine Awards 2014: Qantas call wins CIMB’s Mark Williams top stock-picker gong
Holding a ‘buy” on Qantas as it rallied 34 per cent has seen CIMB’s Mark Williams named top stock-picker analyst in the 2014 StarMine Awards.
- Sally Rose
Boart Longyear kicks off $103m rights issue
A rights issue launched by Boart Longyear on Thursday seeks to raise $103.4 million to pay reduce the embattled company’s debt and improve liquidity in a tough mining services market.
- Updated
- Tess Ingram
Boart Longyear shareholders approve Centerbridge deal
Boart Longyear is asking investors to support a $400 million bailout package for the troubled mining services company after calling a special shareholder meeting.
- Updated
- Tess Ingram