Press Releases

Boart Longyear Announces 2012 Annual General Meeting

2012-04-26T17:52:57Z

Boart Longyear Limited (ASX: BLY) will host its 2012 Annual General Meeting on Tuesday, 15 May, 2012, at 1:00 p.m. Adelaide time. Registration will begin at 12:15 p.m.

The event will take place at the following location:

National Wine Centre of Australia (Vines Room)

Corner of Botanic and Hackney Roads

Adelaide, South Australia

The Notice of Annual General meeting and 2011 Annual Report have been filed with the ASX and are available on the Company’s website at: http://ir.boartlongyear.com

Following the AGM, the Company will be conducting a tour of its Adelaide Asia Pacific Regional Office and maintenance facility located at 26 Butler Boulevard, Burbridge Business Park, Adelaide Airport. A bus will depart from the National Wine Centre at 2:15pm. The visit will last approximately 45 minutes and will include a tour of our facility, a brief presentation by management and opportunity for questions and answers about the facility. The bus will depart from the facility at 3:30 p.m. to return to the National Wine Centre.

For those interested in attending the facility tour, please RSVP no later than Monday, 7 May 2012 to vleone@boartlongyear.com. If you plan to attend the tour, please include in your RSVP whether you intend to take the bus to/from the facility.

About Boart Longyear

Boart Longyear is the world’s largest mineral exploration drilling company. With over 120 years of expertise, the company provides both drilling services and drilling products for the global mineral exploration industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy, and oil sands exploration.

Boart Longyear is headquartered in Salt Lake City, Utah, USA and is listed on the Australian Securities Exchange (ASX) in Sydney, Australia. Sales in 2011 were over US$2.0 billion and the company employs over 10,000 employees worldwide. Contract drilling services are conducted in over 40 countries, and exploration products are manufactured in seven global factories and sold to customers in over 100 countries.

More information about Boart Longyear can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Contacts:

Jay Clement

Vice President - Investor Relations and Treasury

Australia 08 8375 8300

USA +1 801 401 3712

ir@boartlongyear.com

Monika Portman
Director - Corporate Communications
USA +1 801 952 8451
monika.portman@boartlongyear.com

Boart Longyear Trademark Lawsuit Settled With Hayden Diamond Bit Industries

2012-04-10T13:59:27Z

SALT LAKE CITY — April 9, 2012 — Boart Longyear (www.BoartLongyear.com • ASX: BLY), the world’s leading integrated drilling products and services provider, announces that it has settled a trademark infringement lawsuit with Hayden Diamond Bit Industries asserting infringement of its Q and RQ trademarks. As part of the settlement, Hayden has consented to stop using Boart Longyear’s Q and RQ marks in connection with its earth drilling goods and services.

As the industry’s leading innovator in exploration drilling, Boart Longyear highly values intellectual property rights. The company is very active in filing for patents and trademarks in various countries around the world. In the last five years, Boart Longyear filed 537 patent applications and has been awarded over 160 issued patents. Likewise, Boart Longyear is the owner of registrations and rights for its trademarks throughout the world. The company vigorously defends and enforces its intellectual property.

About Boart Longyear
Boart Longyear is the world’s largest mineral exploration drilling company. With over 120 years of expertise, the company provides both drilling services and complementary drilling products for the global mineral exploration industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy, and oil sands exploration.

More information about Boart Longyear can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Boart Longyear Launches Mobile App to Access Information on the Go

2012-03-05T16:25:53Z

SALT LAKE CITY — March 5, 2012 — Boart Longyear (www.BoartLongyear.com • ASX: BLY), the world’s leading integrated drilling products and services provider, has launched a mobile app to give users convenient access to product and service information and remain updated on the latest news while on the go.

With an easy-to-use interface, the app allows users to view and send brochures, scan quick response (QR) codes, access the latest news and contact Boart Longyear. The free app is available through the iTunes App Store for download and is compatible with iPod Touches, iPhones and iPads.

“The Boart Longyear app provides an easy way to stay informed and access the latest news and product details with the touch of a button,” says Kevin Tomaszewski, director of global product management at Boart Longyear. “It reinforces our commitment to innovation and pushing the envelope within our industry.”

Boart Longyear QR codes can be scanned instantly by the user’s tablet or smartphone. Scanning the QR codes will take the user directly to relevant brochures and webpages on products and services offered by Boart Longyear. The QR codes are displayed in a variety of places: at tradeshows, in advertisements, product catalogs and more.

Another feature of the app keeps users informed about the latest updates from Boart Longyear, including a live Twitter Feed, RSS Feed and the Official Boart Longyear YouTube Channel.

The Boart Longyear app provides information in four different languages: English, French, Russian and Spanish. For more information, visit the Boart Longyear App iTunes website: http://itunes.apple.com/us/app/boart-longyear/id503552950

About Boart Longyear

Boart Longyear is the world’s largest mineral exploration drilling company. With over 120 years of expertise, the company provides both drilling services and complementary drilling products for the global mineral exploration industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy, and oil sands exploration.

More information about Boart Longyear can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Download Press Release

Boart Longyear Launches LS600 Sonic Rig to Market

2012-03-05T16:24:04Z

SALT LAKE CITY — March 5, 2012 — Boart Longyear (www.BoartLongyear.com • ASX: BLY), the world’s leading integrated drilling products and services provider, continues to bring innovative technology to the marketplace by launching the LS™600 sonic rig, support vehicle and sonic tooling.

Providing advanced sonic drill technology with innovative and patented designs, the LS600 rig delivers more accurate core sampling, less than one-percent hole deviation, reduced waste, and faster penetration than conventional methods. This makes the LS600 an optimal choice for multiple markets: environmental, geo-technical / geo-construction, water and mining. And with 20 years of development and in-field testing, customers can be confident the LS600 will provide maximum reliability and productivity

“Boart Longyear is proud to continue its tradition of drilling innovation by offering the LS600 sonic rig and tooling,” said Kevin Tomaszewski, director of global product management at Boart Longyear. “By releasing the LS600 for purchase, we deliver advanced sonic technology to the field, allowing drillers to gather continuous and undisturbed core samples in varying and difficult ground formations.”

The technology incorporates sonic frequencies that match the resonant energy of the ground, allowing the core barrel to easily advance in unconsolidated and difficult overburden formations. During drilling, boreholes are cased continuously by first allowing the core barrel to advance into the substrate, followed by the outer casing.

This protective measure allows for the accurate measurement of continuous in-situ (undisturbed) core samples, even in varying ground conditions. The LS600 is ideal for mining applications such as tailings and heap leach pad exploration.

Drillers can gather accurate core samples twice as fast with Sonic technology and reduce waste by up to 80 percent, because no fluid, air or mud is needed. The LS600 can reach a drilling depth of up to 182 meters (600 ft).

The Sonic head of the drill produces frequencies of up to 150 Hertz through a robust oscillator assembly. An innovative air spring system protects the rig from the extreme vibrations and redirects the energy down the drill string to the bit face. The Sonic head also features a proven reliable transmission, which is further backed by Boart Longyear’s Sonic Head Service Program.

Sonic rig tooling and accessories are sold with the LS600 and leasing options are available.

To learn more about the LS600 and Sonic technology, visit http://www.boartlongyear.com/ls600.

About Boart Longyear

More information about Boart Longyear can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Download Press Release

Boart Longyear Launches the 10UMX(TM) Diamond Bit, Proven Effective in the Hardest Ground Conditions

2012-03-05T15:59:32Z

SALT LAKE CITY — March 5, 2012 — Boart Longyear (www.BoartLongyear.com • ASX: BLY), the world’s leading integrated drilling products and services provider, is pleased to launch the 10UMX™ bit, the latest addition to the patented Ultramatrix™ (UMX) family of diamond coring bits.

The 10UMX is a high-performance diamond coring bit with the freest-cutting matrix available, enabling the bit to penetrate the very hardest rock formations in extreme conditions.

“The 10UMX diamond coring bit completes the product range for our award-winning family of UMX bits, providing a bit for any type of ground condition encountered,” says Matt Baird, global product manager for Boart Longyear. “We have tested these bits in all regions of the globe and take great pride in providing drillers the most advanced line of diamond bits in the industry to maximize their productivity.”

UMX bits are engineered to outperform existing bit technology in a wide range of drilling conditions and ground formations. UMX bits use advanced metallurgical formulas to provide increased penetration capabilities, turning easily from one ground formation to another. The optimized life of the UMX bits translates to less tripping and increased productivity.

UMX bits also utilize Boart Longyear’s patented Stage™ waterway design. The geometry of these windows sustains the integrity of the bit through the entire life of the bit, allowing for a variety of crown heights including the original 25 mm, providing maximum bit life. The Twin-Taper™ design dramatically improves surface flushing, forcing debris through the windows while keeping the bit face clear and reinforcing the inner diameter.

The unique Razorcut™ protrusions on the face of the bit contain diamonds that enable the bit to begin cutting right out of the box. The arrangement of these protrusions also improves the tracking and balance in the hole when drilling begins.

To learn more about the 10UMX, visit www.boartlongyear.com/10umx. Case studies with quantitative data from actual clients are also available at http://www.boartlongyear.com/umx-bit-case-studies.

About Boart Longyear

Boart Longyear (ASX: BLY) is a 120-year-old global mineral exploration company that provides mineral exploration services and drilling products for the global mining industry and also has a substantial drilling presence for water exploration, environmental sampling, energy, and oil sands exploration.

Headquartered in Salt Lake City, Utah, with 2009 sales of US$978 million and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.

The company can be found on the Web at www.boartlongyear.com . To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Download Press Release

Boart Longyear Announces Record Full-Year Profit

2012-02-21T00:50:29Z

21 February 2012

Boart Longyear Limited (ASX: BLY), the world’s leading provider of mineral exploration products and services, announces today its financial results for the full year ended 31 December 2011. The Company also provides guidance for 2012 and reports that directors have determined a dividend of 5.6 US cents per share for the second half of 2011. This dividend payment is scheduled for 13 April 2012. The 2011 full-year revenue and profit are a record for the 120-year old company.

RESULTS SUMMARY

Full Year 2011 Results:

Revenue of US$2.02 billion, up 37% over full year 2010
EBITDA of US$356 million, up 60% over full year 2010
NPAT of US$160 million, up 89% over full year 2010
Earnings per share of 35.1 US cents, up 89% over full year 2010
Return on equity (ROE) of 14%, up 75% from 8% ROE recorded in 2010

Full Year 2012 Outlook:

Forecast revenue of US$2.3 billion, up 14% over full year 2011
Forecast EBITDA of US$460 million, up 27% over full year 2011

Demand in 2011 remained strong, particularly in the emerging markets of Africa and Latin America. Sales for drilling capital equipment doubled, indicating ongoing optimism for a robust drilling market. Rig utilisation for Drilling Services averaged approximately 75% throughout 2011. Prices continue to recover from 2009 lows, and both manufacturing and drilling productivity continue to increase, driven by the Company’s capital investment in past years.

Strong operational cash flow during 2011 enabled Boart Longyear to invest US$343 million in working capital and organic growth for new products and fleet upgrades, while keeping the leverage ratio at 0.7x. This included:

Drilling Services continued its capital investment in more profitable drilling technologies and margin accretive contracts. These include mine water services and also working with key clients to expand in promising geographies.
The Products business increased its ongoing investment in R&D and launched ten new products during the year. The number of patent applications filed hit a new record of 210. All this supports the Company’s success in developing proprietary and innovative technologies.

Capital expenditure in 2012 is expected to be US$300 million and to be financed by internally generated funds. Boart Longyear is well positioned for additional growth in 2012.

In a major upgrade of the Company’s global technology platform, it completed a 40 country, two year implementation of a new Oracle ERP system. This global system brings all operating units around the world onto a single digital platform. The system encompasses a full suite of Oracle modules, including human resources, engineering, sourcing, accounts payable, receivables, finance, logistics, manufacturing, fleet management, and time and labour. It has already provided a foundation to enhance visibility across the Company’s global operations, simplify operations, speed transactions, ensure compliance and controls, and accelerate growth.

DIVIDEND

Earnings per share (EPS) for full year 2011 were 35.1 US cents, up 89% from the same period last year. A second half dividend of 5.6 US cents per share has been determined, representing 30% of net profit after tax for the second half of 2011. The dividend will be 15% franked and is expected to be paid on 13 April 2012 to shareholders of record on 16 March 2012.

OUTLOOK

Operating trends and global demand for products and services continues to be strong. Based on this and other favourable factors, the Company’s full year 2012 revenue outlook is US$2.3 billion, which is 14% higher than full year 2011, and its EBITDA outlook is US$460 million, a 27% increase over full year 2011. Capital expenditures in 2012 are planned at US$300 million, an increase of US$79 million over last year.

Boart Longyear’s CEO, Craig Kipp, commented, “During 2011, Boart Longyear delivered a 120-year company record for revenue and profits. The Company is delivering productivity metrics exceeding the previous 2008 benchmarks. This is a direct result of ongoing organic investment in the business, consistent with the roadmap developed in 2009, post the Global Financial Crisis (GFC).

“We expect continued margin and revenue expansion for both the Products and Services businesses over the short term. Our ongoing initiative to convert manufacturing fixed costs to variable cost, coupled with the introduction of rigorous standards for commercial contracts and utilisation, are driving these improvements.

“We continue on the following long-term roadmap to deliver shareholder value:

Geographic expansion: Africa, Australia, and Latin America;
Mine water services: Taking 20 years of experience and expanding globally;
Acquisition: Oracle enables bolt-on businesses, making integration easier;
Fleet optimisation: Shift mix to multi-purpose and deeper, more productive rigs;
Sonic drilling: Mining expansion and the sale of our unique technology rigs;
Equipment leasing: Expansion of drill rig sales through leasing;
Product innovation: Continued investment in drilling R&D; and
Technical service group: Expansion of the global rig services and spare parts programs.

“The ongoing organic investment in the business has resulted in significant returns on equity. This strategy has allowed us to maintain and grow the largest surface coring, underground coring, reverse circulation, rotary, and sonic fleets in the world. These assets support our key global mining customers and allow us to follow them in all geographies.

“The continued investment in drilling R&D has also resulted in 10 additional new products launched in 2011. One of these products, the UMX Diamond Bit, recently won the 2012 Mining Magazine Exploration Award.”

About Boart Longyear

Boart Longyear is the world’s largest mineral exploration drilling company. With over 120 years of expertise, the Company provides both drilling services and complementary drilling products for the global mineral exploration industry. It also has a substantial drilling and products presence in mine de-watering, environmental sampling, energy, and oil sands exploration.

More information about Boart Longyear can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Contacts:

Jay Clement

Vice President, Investor Relations/Treasury
Australia 08 8375 8300

USA +1 801 401 3712

ir@boartlongyear.com

Monika Portman

Director, Corporate Communications
USA +1 801 608 8329

monika.portman@boartlongyear.com

Download Press Release

Boart Longyear UMX Diamond Bits Voted Winner of 2012 Mining Magazine Exploration Award

2012-01-27T16:21:33Z

SALT LAKE CITY — January 27, 2012 — Boart Longyear (www.BoartLongyear.com • ASX: BLY), the world's leading integrated drilling products and services provider, was voted the winner of the 2012 Mining Magazine Exploration Award for their Ultramatrix™ (UMX™) diamond coring bits.

The Mining Magazine awards are held annually to celebrate the top new technologies and innovative applications in the mining sector. The awards are voted on by the readers of Mining Magazine, and the UMX bits were chosen as the breakthrough product for the exploration sector this year.

“Having the UMX diamond coring bits selected for the exploration award is a real honor and a tribute to the bit’s innovative design,” said Kevin Tomaszewski, Global Director of Product Management for Boart Longyear. “We’re confident drillers who use UMX bits will experience the significant productivity advantages that this award symbolizes.”

UMX bits are engineered to drill faster, last longer and outperform existing bit technology in a wide range of drilling conditions and ground formations. The UMX uses advanced metallurgical formulas with larger impregnated diamonds to provide increased penetration capabilities, turning easily from one ground formation to another. The all-in-one quality of the UMX translates to less tripping and increased productivity.

By utilizing Boart Longyear’s patented Stage™ waterway technology, UMX bits offer crown heights up to an unprecedented 25 mm. The geometry of these windows sustains the integrity of the bit through the entire 25 mm, providing maximum bit-life. The Twin-Taper design dramatically improves surface flushing, forcing debris through the windows while keeping the bit face clear and reinforcing the inner-diameter.

The unique Razorcut™ protrusions, or bumps, on the surface of the bit contain diamonds that enable the bit to begin cutting right out of the box. The arrangement of these protrusions also improves the tracking and balance in the hole when drilling begins.

To learn more about this product, visit www.boartlongyear.com/umx

About Boart Longyear

Boart Longyear is a 120-year-old global mineral exploration company that provides mineral exploration services and drilling products for the global mining industry and also has a substantial drilling presence for water exploration, environmental sampling, energy, and oil sands exploration.

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.5 billion and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and

provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.

The company can be found on the Web at www.BoartLongyear.com. To subscribe to receive Boart Longyear news, visit http://www.boartlongyear.com/rssfeed

Download Press Release

Mining Magazine Award Article

Boart Longyear Confirms 2011 Guidance and Introduces New Growth Initiatives

2012-01-27T15:42:07Z

Boart Longyear Limited (ASX:BLY) – Boart Longyear confirms its current full-year 2011 guidance of US$1.9 billion revenue and US$330 million EBITDA. Depending on the start date of various holiday shutdowns, 2011 performance may exceed both figures, given the current strength of market demand.

The Company also expects three recent initiatives to significantly contribute to its growth in 2012 and beyond:

1) The creation of Boart Longyear Financial Services (BLFS);

2) Global expansion of mine water drilling services; and

3) Sonic equipment sales to the drilling industry worldwide.

Boart Longyear Financial Services: BLFS offers customers competitive financing solutions for leasing or purchasing Boart Longyear drilling equipment. All of the Company’s manufactured drilling capital equipment can be financed through BLFS, including multi-purpose, production, reverse circulation, rotary, sonic, and surface and underground coring rigs. The new service will enable Boart Longyear to enhance customer service while expanding drilling capital equipment sales. Currently, all BLFS transactions are financed on a non-recourse basis through third party providers, minimizing the impact on the Company’s balance sheet.

Mine Water Services: The Company has recently allocated a significant amount of capital expenditure to expand its rig fleet for mine water supply and dewatering services. This investment supports both the contracted and rapidly increasing global demand for this unique and technical drilling. Boart Longyear will leverage itsNorth American expertise to provide these services to mines in Latin America, Africa, and Asia Pacific by utilising in-house drilling processes developed over 30 years in the broken and unconsolidated United States’ Rocky Mountain geology.

Sonic Equipment Sales: Boart Longyear has begun sellingits sonic drilling technology, including drill rigs and other equipment, to third parties. Sonic technology produces high-quality, undisturbed core samples more quickly and with less waste than conventional methods by utilising high frequency vibratory “dry” drilling techniques. The Company’s proprietary sonic drilling technology has been regarded as the best in the industry for many years. Boart Longyear soon will complement its sonic product offerings with operator training services and aftermarket support, providing sonic drilling solutions for its drilling customers around the world.

Craig Kipp, CEO of Boart Longyear, states, “The mineral exploration market continues to perform extremely well despite current macroeconomic headwinds. Rig demand, product backlog and pricing in both the Drilling Services and Products businesses continue to indicate a positive outlook.

“Driven by the second year of significant organic reinvestment in the business, Boart Longyear’s revenue per rig, metres per employee and global footprint continue to expand. Rig utilisation for Drilling Services continues at approximately 75 percent, consistent with our strategy of driving performance, not utilisation. Finally, our eight primary new drilling products launched during this year are seeing strong demand”.

Boart Longyear will host a Question and Answer session on 30 November, at 5:00 p.m. MST or 1 December, at 11:00 a.m. Sydney time. This will be conducted via conference call:

U.S.A/Canada Toll Free Dial In: 800 901 5231

International Caller Paid Dial In: +617 786 2961

Australia Toll Free Dial In: 1800 002 971

Participant Passcode: 78018677

New Asia Pacific Regional Headquarters Opens Co-Located with Deep Exploration Technologies CRC

2011-11-14T19:58:48Z

At a ceremony today in Adelaide, South Australia, Boart Longyear Limited (ASX: BLY), the world's largest integrated mineral exploration products and services company, opened its new Asia Pacific Regional Headquarters, located on a greenfield site in Burbridge Business Park, adjacent to the Adelaide Airport. The new facility consolidates on a single site the Company’s former Adelaide premises at Mitchell Park and Lonsdale.

The Hon. Tom Koutsantonis, South Australian Minister for Manufacturing, Innovation & Trade and Minister for Mineral Resources & Energy officiated at the opening of the new facility, which houses some 160 employees.

The ceremony was also attended by Mr Steve Georganas MP, Federal Member for Hindmarsh, who represented the Minister for Innovation, Senator Kim Carr.

The Managing Director of AAL, Mr Mark Young, and many of BLY’s major customers and company officials were also present at the opening.

The new 7300 square metre facility co-located with the Deep Exploration Technologies Cooperative Research Centre (DET CRC), which, under the leadership of Prof. Richard Hillis, will deliver research programs in cheaper, safer and more environmentally-friendly ways to drill, analyse and target deep mineral deposits. With over $100 million in funding from the Australian Government and elsewhere, the DET CRC is the world’s best-resourced independent research initiative in mineral exploration.

Boart Longyear Operations

As well as housing Boart Longyear’s Asia Pacific Headquarters staff, the new Adelaide facility is home to Sales, Marketing, Finance, HR, Employee Health & Safety, Training, Operations and Engineering Support personnel, servicing large mining houses and mineral drilling contractors in Australia, New Zealand, Thailand, Indonesia, the Philippines, Malaysia, India, China, other Asian countries and parts of Africa.

The facility includes a 5300 square metre workshop which is a centre for the overhaul, repair and re-manufacture of the Asia Pacific drill rig fleet (some 200 rigs) and an R & D and Engineering Centre for large capital equipment (surface and underground mineral exploration drill rigs).

Mark Young welcomed the establishment of the new headquarters within Adelaide Airport’s Burbridge Business Park.

“The resources growth in this State will require facilities that are aligned to the demands of resources companies and the myriad of service industries that support them. Adelaide Airport’s vision is to meet that demand in a timely fashion with quality airport infrastructure and air service development,” Mr Young said.

“Boart Longyear has recognised the advantages of setting up its Asia Pacific headquarters in one of the airport’s business precincts due to our central location and excellent transport links.”

Prof. Hillis said "The aim of the Australian Government's Cooperative Research Centre program is to bring publicly-funded (e.g. University and CSIRO) researchers closer to industry. This is happening on a day-to-day basis thanks to the embedding of the head office of Deep Exploration Technologies CRC in the new Boart Longyear Facility."

Kent Hoots, Vice President Asia Pacific for Boart Longyear, noted that the new facility consolidates Boart Longyear’s Adelaide-based operations under one roof on an expanded and more efficient site.

“The development of this word-class facility was greatly assisted by $2 million in grant funding from the State Government. These funds have been applied to capital equipment expenditure such as cranes and test equipment.

“The skills mix of our employees in Adelaide has moved significantly in favour of highly-trained positions and this facility houses the single largest group of engineers in the Boart Longyear global engineering network”, Mr Hoots said.

Attachments:

Boart Longyear Asia Pacific Headquarters Fact Sheet (PDF)

Deep Exploration Technologies CRC Fact Sheet (PDF)

About Boart Longyear

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.5 billion and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and

provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Contacts:

Kent Hoots Media:

Vice President, Asia Pacific Ian Brown

Australia 08 8375 8375 FIRST Advisers

Mobile: 0488 122 269 (02) 8011 0352 or 0418 466 129

Download Press Release

Boart Longyear Announces Global Expansion of Mine Water Services

2011-11-03T18:05:16Z

SALT LAKE CITY — October 31, 2011— Boart Longyear (www.boartlongyear.com • ASX:BLY), the world’s leading integrated drilling products and services provider, announces a plan to expand Mine Water Services to Latin America, Europe, the Middle East and Asia Pacific.

Over the last 25 years, Boart Longyear Drilling Services has developed and honed an effective reverse circulation method in North America, and has established the leading process within the industry while creating the most highly specialized crews in the world.

“Boart Longyear utilizes a unique process which is capable of drilling large diameter holes in the most difficult ground conditions in a single-pass,” said Dale Johnson, Global Director of Drilling Services Operations for Boart Longyear. “Drilling a large diameter borehole in a single-pass versus multiple passes, which can degrade the bore-hole, improves the likelihood of drilling a straight borehole to target depth successfully. Our unique method of drilling and completing wells provides better overall well efficiency and production–ultimately saving our clients downtime and money over the life of a well.”

Boart Longyear offers a full range of mine and other water services drilling. This includes production, de-watering, re-injection, monitoring, geothermal, and municipal wells. In North America, Boart Longyear also provides pump installation and servicing.

“Our documented procedures create reliable and effective large diameter and deep hole drilling systems,” says Johnson. “Our water well services in the mining industry are primarily utilized for monitoring water tables in and around the mine, water supply needed in the mining process and/or lowering water tables to allow safe and efficient mining. We also install piezometers and other instrumentation holes for ground monitoring, and horizontal drains to eliminate perched water causing pressure on mine pit walls.”

Boart Longyear has assembled an international strategic operations team that is currently training drill crews from Russia, Kazakhstan and Peru.

For more information on Boart Longyear Drilling Services, please visit www.boartlongyear.com.

About Boart Longyear

Boart Longyear is a 120-year-old global mineral exploration company that is the leader in providing mineral exploration services and drilling products for the global mining industry and also has a substantial drilling presence for water exploration, environmental sampling, energy, and oil sands exploration.

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.476 billion and over 10,000 employees worldwide, the Company conducts contract drilling services in over 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in: Adelaide - Australia, Geneva - Switzerland, Santiago - Chile, and Mississauga - Canada.

The company can be found on the Web at http://www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Download Press Release

Comunicados de Prensa en Español

Communiqué de presse en Français

Boart Longyear Launches Drilling Equipment Financing Group

2011-10-28T15:33:21Z

SOUTH JORDAN, UT, USA - Boart Longyear (www.boartlongyear.com, ASX: BLY) announces a new business division, Boart Longyear Financial Services (BLFS) group. Through a partnership with Ecologic Leasing Services, BLFS now offers customers competitive financing solutions for Boart Longyear mineral exploration drilling equipment. All Boart Longyear drilling capital equipment technologies are included in the new program: multi-purpose, production, reverse circulation, rotary, sonic, and surface and underground coring.

“This new division provides customers who qualify with innovative financing options for the world’s leading mineral exploration drilling technologies. We are pleased to offer this service in response to requests from our customers,” states Boart Longyear President and Chief Executive Officer Mr. Craig Kipp.

Boart Longyear Financial Services’ financing offerings are now available to customers in the USA and Canada. In the coming months, the service will also become available in Australia and Chile, and continued global expansion will continue through 2012.

About Boart Longyear

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.476 billion and over 10,000 employees worldwide, the company conducts contract drilling services in 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Adelaide – Australia, Geneva – Switzerland, Mississauga – Canada, and Santiago - Chile.

The company can be found on the Web at http://www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

For more information on financing options, please contact David Bromage at 1-816-326-8907 or david.bromage@boartlongyear.com.

Download Press Release

Communiqué de Presse en Français

Comunicados de Prensa en Español

Boart Longyear Appoints a New Director

2011-10-28T15:34:34Z

Boart Longyear Limited (ASX: BLY) is pleased to announce the appointment of Barbara Jeremiah as a non-executive director of the Company effective 1 October 2011.

Mrs Jeremiah’s professional career includes several senior executive roles for Alcoa, Inc., a Fortune 100 company that is the world’s primary producer of primary aluminium and fabricated aluminium. She retired as Alcoa’s Executive Vice President for Corporate Development in 2009 and in that role was responsible for leading Alcoa’s worldwide acquisition and divestiture activity as well as its strategic analysis of its business. Prior to her corporate development responsibilities, she held several senior positions in Alcoa’s legal department, including corporate secretary and assistant general counsel.

Mrs. Jeremiah is a non-executive director of EQT, Inc. (New York Stock Exchange), Allegheny Technologies, Inc. (New York Stock Exchange), and First Niagara Financial Group (NASDAQ). She also serves on the board of two non-profit organizations in the United States.

Mrs. Jeremiah is based in Pittsburgh in the United States. Her educational background includes a Juris Doctorate from the University of Virginia School of Law and a Bachelor of Arts in Political Science from Brown University.

“Barbara brings a wealth of experience to our Board. Her knowledge of business development and experience in the resources sector for a global business will bring a significant value to our shareholders, the Board and the executive team,” said Chairman David McLemore. “We are excited to add her skills and perspective to our Board”.

About Boart Longyear

The company can be found on the Web at www.boartlongyear.com . To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Contacts:

Jay Clement Monika Portman

Vice President, Investor Relations and Treasury Corporate Communications

Australia 08 8375 8300 USA +1 801 952 8451

USA +1 801 401 3712 monika.portman@boartlongyear.com

ir@boartlongyear.com

Download Press Release

Boart Longyear Strong 2011 First Half Results

2011-10-28T15:35:31Z

STRONG 2011 FIRST HALF RESULTS

- UPGRADED GUIDANCE FOR FULL YEAR -

Boart Longyear Limited (ASX: BLY), the world’s leading provider of mineral exploration services and products, today announces its financial results for the first six months ending 30 June 2011 and interim dividend of 4.8 US cents per share. The Company is also upgrading revenue and EBITDA guidance for full year 2011 by 9 percent and 10 percent, respectively, since the most recent guidance provided in May 2011.

EXECUTING GROWTH STRATEGY IN FIRST HALF 2011

RESULTS SUMMARY

First Half 2011 Results:

Revenue US$959 million; up 40 percent versus first half 2010
EBITDA US$165 million; up 69 percent versus first half 2010
NPAT of US$74 million; up 126 percent versus first half 2010
Earnings per share of 16.1 US cents; up 127 percent versus first half 2010
Dividend of 4.8 US cents per share; up 129 percent versus first half of 2010

Revised Full Year 2011 Outlook:

Revenue of US$1.9 billion; up 29 percent over full year 2010
EBITDA of US$330 million; up 49 percent over full year 2010

Boart Longyear’s 2011 first half results reflect strong organic growth and EBITDA margin recovery in both its Drilling Services and Products businesses. Demand is strong in all regions. The backlog for the Products business was up 27 percent at the end of the first half of 2011, as compared to the same period last year. Rig utilisation for Drilling Services averaged approximately 75 percent during the first half of 2011. The Company has hired over 1,000 full time employees since December 31, 2010, taking the total workforce to over 10,200 at the end of the period.

Total revenue for the first half of 2011 was US$959 million, an increase of 40 percent, as compared to US$685 million for the first half of 2010. Total EBITDA for the half year was US$165 million, an increase of 69 percent over the same period last year.

The Drilling Services division generated US$129 million in EBITDA, up 42 percent over the same period in 2010. The Products division generated US$67 million in EBITDA, up 81 percent over the same time period in 2010.

Cash from operations of US$22 million compares to a US$13 million cash use for the first half of 2010. Cash continues to be invested in the business during 2011, in anticipation of ongoing growth in 2012. Operating cash funded working capital needs, supporting the US$274 million increase in revenue.

DIVIDEND

Earnings per share for the first half of 2011 were US 16.1 cents, up 127 percent from the same period last year. An interim dividend of 4.8 US cents per share has been determined, representing 30 percent of net profit after tax for the first half. The first half dividend will be 35 percent franked and is expected to be paid on 7 October 2011 to shareholders of record on 9 September 2011.

OUTLOOK

Operating trends continue to be favourable and demand for products and services remains robust. Taking these and other positive business indicators into consideration, and assuming normal seasonality in November and December, the Company is upgrading its 2011 full year guidance. Estimated revenues for full year 2011 are now expected to be US$1.9 billion, which is 29 percent higher than full year 2010, and EBITDA for 2011 is expected to be US$330 million, a 49 percent increase over full year 2010.

The Company remains focused on increasing shareholder value through organic growth, product innovation, and margin expansion. Capital expenditure in 2011 is expected to be US$210 million, an increase of US$10 million over previous guidance.

Boart Longyear continued to experience rapid growth in the first half and expects this market will continue to grow during the remainder of 2011. Rig utilization is being managed in the Drilling Services division to allow for proper driller training, optimisation of contracts, and maintaining key clients.

The Products division has finished several capacity additions and can adequately support expected demand through 2012. Inventory levels continue to be maintained at higher than normal levels in most regional warehouses, supporting faster response times for Products customers.

As planned, eight new products were launched in the first half of 2011, with more planned by the end of the year. The Company will continue to invest in new assets, R&D, and also in rigorous employee training as the hiring continues. Consolidation of the global footprint continues with a new manufacturing facility in Perth and a new R&D center combined with the regional headquarters in Adelaide.

Boart Longyear’s CEO, Craig Kipp, commented, “The continued improvement in first half earnings is the result of the recent strong commodity market and the Company’s preparation in 2010 for this expected demand. Last year we successfully invested in drilling productivity, manufacturing capacity and multiple new products.

“Additionally, we have finished the restructuring of our capital structure. In the past 6 months we have retired all previous IPO debt facilities with new senior notes and a bank debt facility. These facilities took advantage of historically low interest rates and supported our desire for staggered maturities, with limited covenants, through the cycle.”

Mr. Kipp continued, “We expect to see continued strong growth in our markets and positive pricing trends during the upcoming annual re-contracting period. This is only the second re-pricing period during the recent market recovery. Since material and labour costs have increased significantly since 2008, margin recovery may lag peak 2008 performance until global pricing levels reach new post-2008 benchmarks. We are hopeful of returning to peak 2008 pricing levels in 2012 or early 2013.

“Finally, we are executing to our long-term plans laid out early in the 2010 market recovery. However, we remain very vigilant concerning ongoing globally uncertainties and will continue to keep our cost structure in line and variable in order to respond quickly to any unforeseen market dynamics.”

About Boart Longyear

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.476 billion and over 10,000 employees worldwide, the company conducts contract drilling services in over 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Adelaide, Australia (Asia Pacific), Geneva, (EMEA), Santiago (Latin America), and Mississauga (North America).

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed.

Jay Clement
Vice President, Investor Relations
Australia 08 8375 8300
USA +1 801 977 3712
ir@boartlongyear.com

Monika Portman
Corporate Communications Manager
USA +1 801 952 8452
monika.portman@boartlongyear.com

Download Press Release

First Drill Rig Refurbishment Completed as New Boart Longyear Adelaide Facility Becomes Fully Operational

2011-10-28T15:36:27Z

Boart Longyear’s (ASX : BLY) new Asia-Pacific headquarters at Burbridge Business Park, Adelaide Airport, is now fully operational, with giant drill rigs for minerals exploration being overhauled and rebuilt at the facility.

The first reconditioned rig, a UDR 1000 [pictured] has left the facility’s workshop en route to BHP Billiton’s Nickel West exploration drilling site in Leinster, east of Geraldton in Western Australia.

The new facility is a Centre of Excellence for large surface and underground drill rig design and development and is home to more than 40 BLY engineers, an increase of 25 since 2009. A Deep-hole Exploration Technology Cooperative Research Centre will be co-located on-site, which includes a 5351 sq metre workshop and a 1975 sq metre office

Boart Longyear’s Vice-President for Asia-Pacific, Mr Kent Hoots, noted that the new Airport facility consolidates the Company’s two previous Adelaide locations at Mitchell Park and Lonsdale.

“Our new regional headquarters includes a workshop facility which will serve as a main overhaul/repair centre for Boart Longyear’s Asia Pacific rig fleet,” he said. “The new facility features a prototype Engineering and R&D centre for large surface and underground mineral exploration drill rigs.

“The Adelaide Airport site includes an overhaul and refurbishment service centre for third party clients as well as a state-of-the-art testing facility for both surface and underground drill rigs. It will be home to more than 170 staff,“ said Mr Hoots.

Mr Hoots noted that the airport location was chosen because of its central position.

“Most of our staff live south of the Adelaide CBD and the airport location was a good compromise for all.

“Also, the airport provides good access to major highways and access to the port,” he said. “For a number of reasons we believe Adelaide is the right location for Boart Longyear’s Asia-Pacific headquarters and this exciting new facility will allow us to conduct several complementary functions under one roof,” Mr Hoots said.

About Boart Longyear

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.5 billion and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.

The company can be found on the Web at www.boartlongyear.com . To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Contacts:

Kent Hoots

Vice President, Asia Pacific

Boart Longyear Ltd

08 8375 8375

Ian Brown

0418 466 129

Boart Longyear Bank Debt Refinancing

2011-10-28T15:33:04Z

Boart Longyear Limited (ASX: BLY) today announces the refinancing of its two existing bank debt facilities. The facilities, which have an aggregate principal amount of up to US$285 million, were due to mature in February and April 2012.

The company’s new bank debt facility, sourced from a syndicate of banks, is for a principal amount up to US$250 million and contains an option to increase the principal amount by an additional US$150 million. Pricing will be subject to a leverage grid, but initial borrowings are at a 1.75 percent spread to LIBOR. With a maturity date of 29 July 2016, the new facility replaces all of Boart Longyear’s existing bank debt and will be used as a general purpose corporate revolver.

The new bank debt facility, in conjunction with the senior notes offering in March of this year, completes the Company’s capital restructuring plan. This plan provides for “through the cycle” liquidity needs of Boart Longyear during an attractive growth market for its products and services.

About Boart Longyear

Headquartered in Salt Lake City, Utah, with 2010 sales of US$1.476 billion and over 9,000 employees worldwide, the company conducts contract drilling services in 40 countries, and provides mining products to customers in over 100 countries. Regional offices and operations are located in Asia Pacific, EMEA, Latin America, and North America.

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Jay Clement
Vice President, Investor Relations
Australia 08 8375 8300
USA +1 801 977 3712
ir@boartlongyear.com

Monika Portman
Corporate Communications Manager
USA +1 801 952 8452
monika.portman@boartlongyear.com

Download Press Release

Boart Longyear lanza una nueva versión en español de BoartLongyear.com

2011-10-28T15:13:33Z

SALT LAKE CITY, 1 de agosto de 2011 — Boart Longyear (http://www.BoartLongyear.com • ASX: BLY), el proveedor líder mundial de servicios y productos de perforación integrales, ha anunciado una versión completamente nueva en español del sitio web de la compañía.

Tras varios meses de planificación y desarrollo, hoy se lanza la versión en español del sitio web, la cual forma parte de una fuerte iniciativa de ofrecer todos los folletos de la compañía y demás documentación en múltiples idiomas.

"Con clientes y operaciones en América Latina y otras regiones de habla hispana del mundo, esta iniciativa es muy importante para nosotros y es un reflejo de la naturaleza global del negocio minero", afirma Kevin Tomaszewski, Director global de gestión de productos y comunicaciones de marketing de Boart Longyear. "Estamos orgullosos de anunciar la versión en español de boartlongyear.com. A medida que nuestro negocio crece en México y otras regiones de habla hispana de América Latina, sentimos que este paso es sumamente valioso para nuestros clientes."

Sensible a las necesidades del mercado, la compañía de 120 años también planea lanzar una versión en francés del sitio web más adelante este año.

Acerca de Boart Longyear

Boart Longyear (ASX: BLY) es una compañía de exploración minera global de 120 años que ofrece productos de perforación y servicios de exploración minera a la industria minera global y, además, posee una presencia de perforación sustancial para las industrias de exploración de aguas, toma de muestras ambientales, energía y exploración de arenas petrolíferas.

Con oficina central en Salt Lake City, Utah, y ventas en 2010 de US$1.476 billones y más de 9,000 empleados en todo el mundo, la compañía presta servicios de perforación por contrato en 40 países, y ofrece productos de minería a clientes en más de 100 países. Las oficinas regionales y los centros de operaciones están ubicados en Asia Pacífico, EMEA, América Latina y América del Norte.

La compañía puede encontrarse en la Web en www.boartlongyear.com. Para conocer las novedades de Boart Longyear, visite http://www.boartlongyear.com/rssfeed

Boart Longyear Launches New Spanish Edition of BoartLongyear.com

2011-10-28T15:31:59Z

SALT LAKE CITY August 1, 2011 — Boart Longyear (http://www.BoartLongyear.com• ASX: BLY), the world's leading integrated drilling products and services provider, has announced an all-new Spanish language edition of the company website.

The Spanish version of the website has been launched today after several months of planning and development, and is part of a broad initiative to provide all company literature and other collateral in multiple languages.

“With customers and operations throughout Latin America and other Spanish-speaking regions around the globe, this initiative is very important to us, and speaks to the global nature of the mining business,” says Kevin Tomaszewski, global director of product management and marketing communications for Boart Longyear. “We are proud to announce the Spanish language edition of boartlongyear.com. As our business grows in Mexico and other Spanish-speaking regions in Latin America, we feel that this will be extremely valuable to our customers.”

Sensitive to the needs of the marketplace, the 120-year-old company also plans to launch a French edition of the website later this year.

About Boart Longyear

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Boart Longyear Announces First Half Earnings Date

2011-10-28T15:12:53Z

Boart Longyear Announces First Half Earnings Date

Boart Longyear Limited (ASX: BLY) will host a presentation of its first half 2011 earnings results. The event will be held on Friday, 19 August 2011, at 3:00pm Sydney time. This presentation will be conducted via conference call:

U.S.A. Toll Free Dial In: +1 866 271 6130

International Caller Paid Dial In: + 617 213 8894
Australia Toll Free Dial In: +1800 002 971
CONFERENCE ID: 92120081

In addition, the event may be accessed through the internet via the following:

http://ir.boartlongyear.com

The Company will file its presentation materials with the ASX immediately prior to the event.

About Boart Longyear

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Jay Clement
Vice President, Investor Relations
Australia 08 8375 8300
USA +1 801 977 3712
ir@boartlongyear.com

Monika Portman
Corporate Communications Manager
USA +1 801 952 8452
monika.portman@boartlongyear.com

Download Press Release

Boart Longyear Announces 2011 Annual General Meeting

2011-10-28T15:32:25Z

Boart Longyear Limited (ASX: BLY) will host its 2011 Annual General Meeting on Friday, May 13, 2011, at 10:00 a.m. Perth time. Registration will begin at 9:00 a.m.

The event will take place at the following location:

Perth Convention & Exhibition Centre

21 Mounts Bay Road

Perth, Western Australia

The Notice of Annual General meeting and 2010 Annual Report have been filed with the ASX and are available on the Company’s website at: http://ir.boartlongyear.com

About Boart Longyear

The company can be found on the Web at www.boartlongyear.com. To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Jay Clement
Vice President, Investor Relations
Australia 08 8375 8300
USA +1 801 977 3712
ir@boartlongyear.com

Monika Portman
Corporate Communications Manager
USA +1 801 952 8452
monika.portman@boartlongyear.com

Download Press Release

Boart Longyear Completes US$300 Million High Yield Bond Offering

2011-10-28T15:10:38Z

SALT LAKE CITY – March 29, 2011 - Boart Longyear Limited (ASX: BLY) yesterday closed its offering of US$300 million in 7.0% senior unsecured notes due in 2021. The net proceeds of the offering are intended to be used to repay its US$65 million term loan which matures in April 2012 and to repay approximately US$230 million in borrowings under its revolving credit facility.

Craig Kipp, President and CEO of Boart Longyear, stated, “We are very pleased with the outcome of this oversubscribed offering. Importantly, the new capital structure provides us with long-term (10 year) money with no financial maintenance covenants. This will assist us in sustaining our business through any cycle over the next ten year period. We will remain focused on organically growing our business, keeping low leverage and driving mineral exploration product innovation through a robust R&D effort.”

Boart Longyear’s senior unsecured notes received a Moody’s rating of Ba2 and a Standards & Poor’s rating of BB-.

About Boart Longyear

The company can be found on the Web at www.boartlongyear.com . To get Boart Longyear news direct, visit http://www.boartlongyear.com/rssfeed

Contact:

Jay Clement

Vice President, Investor Relations/Treasury

Australia 08 8375 8300

USA +1 801 401 3712

ir@boartlongyear.com

[Download Press Release]