August 19, 2013

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Article

Boart Longyear Earns Drilling Contract in Congo

Press Release

August 19, 2013

Salt Lake City — Boart Longyear, a provider of exploration drilling services and equipment, has been awarded a contract for the exploration drilling services at the Kibali gold mine in the Democratic Republic of Congo (DRC). The contract has an expected duration of five years and value of up to $70 million. Drilling is scheduled to commence immediately.

The Kibali gold mine is anticipated to rank as one of the largest gold mines in Africa. Located in a remote northeastern area of the Democratic Republic of Congo and operated by a joint venture of Randgold Resources, AngloGold Ashanti, and the Congolese parastatal, Sokimo, it currently has reserves estimated at close to 11 million ounces of gold.

During the life of the contract, Boart Longyear expects to deploy at least seven rigs at the site and provide a variety of drilling techniques, including deep diamond coring, reverse circulation and rotary rigs for mine dewatering.

"We have had a long-standing association with Boart Longyear,” general manager of exploration for Randgold Resources Limited. “We value their technical expertise and ability to drill in the most challenging conditions, and, with their help, we have discovered five other world-class gold deposits in Africa.”

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