Major Drilling Group International Inc (TSX:MDI)

Mining

Major Drilling Group International Inc provides mining companies with drilling services.

The present company was formed in 1980 following the acquisition of Ideal Drilling Ltd.

The contract drilling company manages its field operations and offices in the United States, Canada, Mexico, South America, Africa, and Asia.

The comprehensive suite of drilling services include:
• water-well
• reverse circulation
• sonic
• environmental
• coal-bed methane
• directional
• underground percussive drilling
• blast
• surface drill
• underground and surface coring


The company claims to be the largest drilling operator with robust safety systems, the latest equipment and a strong connection with global mining firms.

Major Drilling claims to maintain a strong balance sheet by diversifying its services within the drilling business, modernizing its fleet and expanding the geographic footprint. In addition, it reportedly operates in accordance with ESG norms and sustainable business practices.

The company was listed on the Toronto Stock Exchange in March 1995 with ‘MDI’ ticker.

The drilling company expanded in Eastern Canada by acquiring several mineral exploration drilling companies between 1980 to 1985.

It acquired Quebec-based Dominik Drilling Inc in 1981 and Hosking Diamond drilling Ltd in 1984.

Further, in the same period, the diversified drilling company formed two affiliates: Kennebec Drilling Ltd and Maine Diamond Drilling Inc.

In the 1990s, the drilling firm ventured into Mexican and South American markets. However, due to the presence of sub-standard local mining companies, which did not meet its standards, it reportedly had to revamp the acquisition strategy. Following this, it incorporated foreign subsidiaries and focused on organic growth than acquiring local drilling companies in Mexico and South America.

In 1992, the company incorporated Majortec Perforaciones S.A. in Venezuela. In addition, it established various foreign subsidiaries, including J.T. Thomas, Pontil Pty Limited, Major Drilling de Mexico S.A. de C.V. In 1999, it acquired a Tanzania-based company and further grew its presence.

In 2007, the drilling company was added to the S&P/TSC composite index.

"Major Drilling Group International Inc provides mining companies with drilling services.

The present company was formed in 1980 following the acquisition of Ideal Drilling Ltd.

The contract drilling company manages its field operations and offices in the United States, Canada, Mexico, South America, Africa, and Asia.

The comprehensive suite of drilling services include:

  • water-well
  • reverse circulation
  • sonic
  • environmental
  • coal-bed methane
  • directional
  • underground percussive drilling
  • blast
  • surface drill
  • underground and surface coring

The company claims to be the largest drilling operator with robust safety systems, the latest equipment and a strong connection with global mining firms.

Major Drilling claims to maintain a strong balance sheet by diversifying its services within the drilling business, modernizing its fleet and expanding the geographic footprint. In addition, it reportedly operates in accordance with ESG norms and sustainable business practices.

The company was listed on the Toronto Stock Exchange in March 1995 with ‘MDI’ ticker.

The drilling company expanded in Eastern Canada by acquiring several mineral exploration drilling companies between 1980 to 1985.

It acquired Quebec-based Dominik Drilling Inc in 1981 and Hosking Diamond drilling Ltd in 1984.

Further, in the same period, the diversified drilling company formed two affiliates: Kennebec Drilling Ltd and Maine Diamond Drilling Inc.

In the 1990s, the drilling firm ventured into Mexican and South American markets. However, due to the presence of sub-standard local mining companies, which did not meet its standards, it reportedly had to revamp the acquisition strategy. Following this, it incorporated foreign subsidiaries and focused on organic growth than acquiring local drilling companies in Mexico and South America.

In 1992, the company incorporated Majortec Perforaciones S.A. in Venezuela. In addition, it established various foreign subsidiaries, including J.T. Thomas, Pontil Pty Limited, Major Drilling de Mexico S.A. de C.V. In 1999, it acquired a Tanzania-based company and further grew its presence.

In 2007, the drilling company was added to the S&P/TSC composite index.

Contact Information

company address "111 St. George Street Suite 100 Moncton, New Brunswick E1C 1T7"

company phone506 857-8636

company email[email protected]

company websitehttps://www.majordrilling.com/

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