Boart Longyear Seeing Strong Demand For Mining Services
16 Mayo 2012 - 10:13PM
Noticias Dow Jones
Demand for mining services remains robust in spite of the gloomy
global economic outlook, the chief executive of Boart Longyear
(BLY.AU) said Thursday.
Craig Kipp said there was no sign of waning demand for mining
services such as drilling, as the company reiterated its full-year
guidance.
Kipp's remarks are in sharp contrast with those of BHP Billiton
Ltd. (BHP, BHP.AU), whose Chairman, Jacques Nasser, said Wednesday
that the worsening outlook may force it to back away from an
ambitious $80 billion five-year capital-spending plan.
"We've not seen any change in the market dynamics," Kipp told
reporters at a press conference in Sydney on Thursday. "We still
see very strong demand, particularly from the majors."
The company said it still expected to lift earnings before
interest, tax, depreciation and amortization by 29% to $460 million
in 2012.
-By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625;
rhiannon.hoyle@dowjones.com
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