Boart embarks on BEE initiative

BOART Longyear will join Anglo American’s Anglo Zimele along with Calulo Investments on a black economic empowerment initiative that will see the transfer of the assets, skills and technology of Boart’s South African underground screwfeed diamond-drilling business to new company Calulo Drilling.

Boart embarks on BEE initiative Boart embarks on BEE initiative Boart embarks on BEE initiative Boart embarks on BEE initiative Boart embarks on BEE initiative

BEE partner Calulo Investments will initially hold 51% in the new drilling company, while Boart will hold 39% and Anglo Zimele 10%.

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