METS

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.

Andrea Hayward
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%. Boart said it intends to reduce its shareholding to 26% within 24 months,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.