Boart Longyear SWOT and PESTLE Analysis
COMPANY PROFILE -Boart Longyear
Business Sector :Mining
Operating Geography :United States, North America
About Boart Longyear :
Boart Longyear is a renowned international mineral exploration company that was established in 1890 in the United States. The company's corporate headquarters are in Salt Lake City, Utah. Boart Longyear has regional offices and operations throughout the world, including the Asia-Pacific area, North and South America, Europe, and Africa. The primary focus of Boart Longyear is to provide mineral exploration services and drilling products to the mining industry. The company has gained a strong reputation for its expertise in this field. Boart Longyear's services encompass a wide range of activities, including exploration drilling, core drilling, and geotechnical drilling, among others. Aside from mineral exploration, Boart Longyear has expanded its operations into other sectors. The company is involved in drilling water exploration projects, conducting environmental sampling, and participating in energy and oil sands exploration initiatives. As of 2023, there are around 5,894 employees in Boart Longyear.
Boart Longyear's USP lies in its ability to offer comprehensive drilling solutions tailored to the specific needs of its customers. Boart Longyear prides itself on delivering innovative and reliable solutions that optimize productivity, enhance safety, and maximize project efficiency for its clients. The company's vision is to be the global industry leader in safety, drilling innovation and productivity, while its mission is to deliver exceptional value through safe, efficient, and innovative solutions that meet customer needs.
Boart Longyear Revenue :
US$ 1.04 billion - FY ending 31st December 2022 (y-o-y growth 12.8%)
US$ 0.92 billion - FY ending 31st December 2021
Competitive Analysis of Boart Longyear
Strengths | Weaknesses |
1. Employes engineering innovations in order to reduce risk and increase productivity 2. Leading global provider industry in the mining sector 3. Products includes world class safety features 4. Has an experience of more than 133 years 5. Robust financial performance of the company | 1. Instability seen in drilling services revenue over the years 2. Instability seen in product revenue over the years 3. Significant amount of debt, a concern |
Opportunities | Threats |
1. Expansion of technology and innovation activities will lead to increase in market coverage and hence demand 2. Launch of new data service company 3. Significant growth opportunity in the mining equipment market | 1. Faces significant competition from other established players 2. Global contraction in exploration impact demand |
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Detailed SWOT Analysis of Boart Longyear
Strength
1. Employes engineering innovations in order to reduce risk and increase productivity: Mining industries usually face a lot of risks and one of them is health and safety risk. Boart Longyear is focused on ‘making safety personal’ approach to drilling. With the help of technology innovations their teams are focused on eliminating injuries beforehand, reducing the risks in the drilling process. They have incorporated a glove policy with other continuous improvement processes aimed at enhancing the productivity. Also, they have achieved milestones of 14 years of LTI-Free at McArthur River, 20 years LIT-free in Jakarta and 10 years LTI-free in Gosowong. In addition, as the economy and the market are growing, they are focusing more on safety with industry expansion. Automation is a big step forward in safety and other technology developments as they allow workers to operate without being physically involved in the danger. Thus, innovation is reducing safety risks.
2. Leading global provider industry in the mining sector: Established in 1890, Boart Longyear is the leading global provider in the mining sector. With 133 years of experience, the company offers innovative drilling services, manufactures productivity-driven equipment, and develops orebody data technology. It is the largest and most diversified driller in the world. Boart Longyear's Global Products division provides advanced technology tooling and drill rigs with exceptional performance and safety features. Veracio, formerly Geological Data Services, offers digital solutions that enhance orebody sciences for mining clients. Through science, technology, and accessibility, Boart Longyear continues to deliver value to customers worldwide.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
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Threat
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- Ashok Leyland
- Epiroc
- Delfingen
- Ausdrill
- Foremost Industries
- Energold Drilling
- Pointer Telocation
- MV Transportation
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References used in Boart Longyear SWOT & PESTLE Analysis Report
1. Expands Technology and Innovation Activities at the NORCAT Underground Centre-
https://www.boartlongyear.com/news/boart-longyear-expands-technology-and-innovation-activities-at-norcat-underground-centre/
2. Boart Longyear competitors and similar companies-
https://craft.co/boart-longyear/competitors
3. Environmental sustainability- https://www.boartlongyear.com/wp-content/uploads/Sustainability_Brochure_Dec2012WebReady.pdf
4. Boart Longyear on the digitalisation of drill rigs- https://www.miningmagazine.com/technology-innovation/news/1397523/boart-longyear-on-the-digitalisation-of-drill-rigs
5. Mining companies face lawsuits as US government rallies to their defence- https://www.theguardian.com/environment/2014/jul/06/mining-lawsuits-us-government-environment-montana-colorado
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SWOT & PESTLE.com (2025). Boart Longyear SWOT and PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/boart-longyear/ [Accessed 14 Jan, 2025].
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Boart Longyear SWOT and PESTLE analysis has been conducted by Sindhu and reviewed by senior analysts from Barakaat Consulting.
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