Boart Longyear Wins $70 Million Congo Gold Contract
Boart Longyear was awarded a $70 million contract for exploration drilling at the Kibali gold mine in the Democratic Republic of Congo.
Kibali, in a remote northeastern part of the country, could potentially rank among the largest gold mines in Africa. The concern is a joint venture of Randgold Resources, AngloGold Ashanti and Sokimo, a government-owned corporation. The mine is estimated to have reserves of 11 million ounces of gold.