A recognised leader in the supply of drilling products to the mineral exploration market, Boart Longyear's drilling products are designed and manufactured with the highest levels of safety and productivity to specifically meet the needs of the industry. The business leverages the Drilling Services group to test new products and continuously improve the product portfolio.

Continued investment in R&D and new product development resulted in over 11 new commercial products in 2010, enabling Boart Longyear to maintain its global technology leadership position in mineral exploration consumables and drill rigs.

  • Secured both orders and sales that were sharply higher year-over-year in all regions.
  • Improved distribution channels and delivery-to-customer want.
  • Achieved productivity gains in all manufacturing plants offsetting labour and material inflation.
  • Invested in capacity to manage increased 2011 demand.
  • Launched over 11 new products.

Products' revenue grew 64 percent to US$395 million. Growth was achieved globally in all regions.

EBITDA increased by 265 percent to US$95 million driven by volume and productivity gains from manufacturing.