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September 29, 2016

Ontario to support Boart Longyear’s drilling systems technology

The Government of Ontario has awarded $1.37m to Boart Longyear Canada to support the development of a mineral exploration drilling site and drilling systems technology.

The Government of Ontario has awarded $1.37m to Boart Longyear Canada to support the development of a mineral exploration drilling site and drilling systems technology.

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The Northern Ontario Heritage Fund Corporation (NOHFC) invests in these projects to improve safety for drillers and reduce drilling costs.

Ontario Minister of Northern Development and Mines Michael Gravelle said: “The Ontario Government is very pleased that Boart Longyear’s management team has chosen the Sudbury region for its newest R&D facility.

"The Ontario Government is very pleased that Boart Longyear’s management team has chosen the Sudbury region."

“It is a very significant step in building up our R&D mining cluster in Northern Ontario.”

Boart Longyear will get the support of the NOHFC and a corporate capital investment to work at the Northern Centre for Advanced Technology (NORCAT) to test and develop several technologies.

The technologies include driller-deployable geochemical technologies and other new technologies that will increase productivity.

Boart Longyear president and CEO Jeff Olsen said: “We are grateful to the Government of Ontario for its significant commitment to our efforts to improve safety, increase efficiency and reduce drilling costs.

“Its investment will pay long-lasting dividends to the mining industry in Northern Ontario and around the world.”

Boart Longyear provides drilling services, drilling equipment and performance tooling for mining and drilling companies globally.

The company also offers aftermarket parts and service, energy, mine de-watering, oil sands exploration and production drilling.

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Determine the future strategies for IoT in Mining

IoT can be beneficial across the whole mining value chain, from prospecting to reclamation. The technology allows different assets and people to be monitored and accounted for across vast distances in hazardous conditions.  GlobalData’s IoT in Mining Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
GlobalData predicts that the revenue from IoT in mining will grow to reach $1.9 billion by 2025, with a compound annual growth rate (CAGR) of 6.2% between 2020 and 2025. Ensure your company is proactive in adapting strategies and processes to help you remain competitive.   Download the full report to get ahead of the competition
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Enter your details here to receive your free Report.

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