Boart Longyear
02 March, 2005
Anglo American plc has received a number of approaches for the purchase of Boart Longyear and is, accordingly, undertaking a formal process to determine whether shareholder value would be maximised by the sale of the group.
Although no final decision has yet been taken to dispose of Boart Longyear, it is expected that such a decision will be made before the end of the second quarter of 2005 at which time a further statement will be made to stakeholders.
Boart Longyear, a wholly owned subsidiary of Anglo Ferrous Metals and Industries, is a leading provider of drilling services, tools and equipment for the natural resource industry, the construction and quarrying industries and industrial markets worldwide.
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