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Boart Longyear

December 2023

Boart Longyear is the one of the world’s largest suppliers of drilling services globally.

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

Tim Goyder, Australia’s newest billionaire.

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

Electric vehicles such as Tesla Roadster use lithium in batteries.

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 the mining resurgence is helping fuel demand for labour.

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.

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  • Peter Ker
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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.

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  • 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.

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  • 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.

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  • Tess Ingram

May 2016

Boart Longyear chief executive Jeff Olsen is cautiously upbeat about the battered mining services market.

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.

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  • 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
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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.

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  • 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

Original URL: https://www.afr.com/company/bly-ab