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Layne mineral drilling pipeline evaporates

Mineral exploration revenues fall for US-based drilling contractor

Staff reporter
In a hole … Layne Christensen’s mineral drilling revenues continue to shrink

In a hole … Layne Christensen’s mineral drilling revenues continue to shrink

Despite cost-cutting measures, Nasdaq-listed Layne said its cost of sales crept up to 81.1% from 80.7% in FY5 Q1, largely due to “very low activity levels in Africa which produced margin losses”. The...

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