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In March of 1995, Major Drilling Group International Inc. (diamond drilling contractors) undertook its initial public offering, listing shares on the Toronto Stock Exchange.
However, our story begins 15 years before that...
The Early Years
In the first twenty years of its history, Major Drilling pursued a strategy of expanding geographically as a conventional drilling company.
We acquired several mineral exploration drilling companies in Eastern Canada between 1980 and 1985. Our strategy in these acquisitions was to buy equipment at a reasonable price, strengthen the Company by adding talented and experienced personnel and increase the geographic reach and client diversity of the business.
In 1980, the Company formed with the acquisition of Ideal Drilling (1980) Ltd., based in Bathurst, New Brunswick.
In 1981, the Company acquired Dominik Drilling (1981) Inc., based in Val d’Or, Québec.
In 1984, the Company acquired Hosking Diamond Drilling Ltd., located in Rouyn, Québec.
In 1984, Kennebec Drilling Ltd. and its wholly-owned subsidiary, Maine Diamond Drilling, Inc., became affiliates of the Company.
The 90’s – International Expansion
In the early 90’s, we expanded into Mexico and South America. Moving into these markets required us to reconsider our expansion through acquisition strategy because there were few local drilling companies that met our standards.
Instead of purchasing local drilling companies as we had done in the United States and Canada, we incorporated foreign subsidiaries and grew them organically.
In 1992, the Company incorporated Majortec Perforaciones S.A. in Venezuela.
In 1993, the Company established Major Drilling de Mexico S.A. de C.V.
In 1995, the Company incorporated in the Guyana Shield Region of South America.
In 1996, the Company incorporated in Argentina.
Beginning in 1997, our focus turned to expanding our Canadian operations beyond Eastern Canada and also looked to Australia, with its strong tradition in the mining sector.
In 1997, the Company acquired the J.T. Thomas group of companies, which operated primarily in British Columbia and the Northwest Territories.
In 1997, the Company also acquired the Australian based mineral exploration drilling company Pontil Pty. Limited. This company, through a subsidiary, also carried on business in Indonesia.
Also in 1997, the Company entered the manufacturing and distribution business after acquiring control of UDR Group Limited.
In 1998, the Company commenced drilling operations in Chile.
Also in 1998, the Company completed the acquisition of the Midwest group of companies in Canada.
In 1999, the Company acquired a Tanzanian company.
Moving into the 21st Century
In 2000, we shifted our focus from geographical expansion to a strategy of dominating specialized drilling.
The shift in strategy was based on the realization that most of the ore bodies that will be discovered and explored in the coming years will be difficult to access.
We then began a substantial build up of our specialized capabilities and our specialized fleet, complimented with strategic acquisitions of specialized drilling firms.
In 2001, the Company acquired, from Ausdrill Limited, certain drilling assets and contracts located in Eastern Australia and New Zealand.
In 2002, the Company incorporated a subsidiary in Mongolia, Major Drilling Mongolia XXK.
In 2004, the Company acquired the drill rigs, related equipment, inventory and drilling contracts of
Raematt Drilling Pty. Ltd
. in Australia.
In 2005, the Company acquired the drill rigs, related equipment, inventory and drilling contracts of Dynatec Corporation Drilling Service, in the Western United States. This acquisition has allowed the Company to establish a presence in a large and important North American mining region.
In 2006, the Company expanded its presence in Southern Africa by acquiring the Longstaff group in Southern Africa, Botswana and Namibia.
In 2007, the Standard & Poor’s Canadian Index Operation added the Company to the S&P/TSX Composite Index.
In 2007, the Company’s Chilean subsidiary purchased an exploration drilling company, Harris y Cia Ltda.
In 2007, the Company acquired the assets of Paragon del Ecuador S.A.
In 2008, the Company acquired Forage à Diamant Benoit Ltée based in Val d’Or, Québec.
In 2010, the Company entered the environmental drilling services by acquiring SMD services of Huntsville, Alabama.
In 2010, the Company acquired North Star Drilling LLC.
in 2011, the Company acquired Bradley Group Limited based in Rouyn Noranda, Quebec.
Major Drilling has worked hard to expand and develop our global presence over the years.
We have heavily invested in people and training, growing us into a strong and competent workforce in every one of our drilling locations around the world. We look forward to growing with our customers into the future.
Major Drilling President & CEO Francis McGuire to Retire
Tuesday, June 16, 2015
Major Drilling Announces Annual and Fourth Quarter Results for Fiscal 2015
Thursday, June 04, 2015
Major Drilling to Release Fourth Quarter and Year-End Results
Monday, June 01, 2015
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