MONCTON, NEW BRUNSWICK–(Marketwired – June 2, 2017) – Major Drilling Group International Inc. (TSX:MDI) today reports it has entered into a partnership with a new driller training school to help in mitigating the challenges of labour shortages in the industry.
Major Drilling Group International Inc. has provided a drill rig and expertise to the new driller training program in Bathurst, New Brunswick, which is scheduled to begin in September 2017. This partnership will help Major Drilling gain new recruits as labour shortages in the mining industry continue to grow.
“As the mining industry enters into a potential upturn, we are already seeing the need for new qualified workers. We are therefore pleased to collaborate with the new driller training school at the Bathurst campus of the Collège communautaire du Nouveau-Brunswick,” indicated Ben Graham, Vice President – Human Resources and Safety of Major Drilling Group International Inc.
“One of the challenges that is re-emerging in our sector is the shortage of experienced drill crews in the industry, a factor that will put some pressure on cost and productivity as we go forward,” said Denis Larocque, President and CEO of Major Drilling Group International Inc. “Our partnership with this new driller training program in Bathurst will help with the initiatives we are deploying to recruit and train new employees, and is part of the efforts we are making to get prepared for a potential upturn in our industry.”
Some of the statements contained in this news release may be forward-looking statements, such as, but not limited to, those relating to: worldwide demand for gold and base metals and overall commodity prices; the level of activity in the mining industry and the demand for the Company’s services; the Canadian and international economic environments; the Company’s ability to attract and retain customers and to manage its assets and operating costs; sources of funding for its clients (particularly for junior mining companies); competitive pressures; currency movements (which can affect the Company’s revenue in Canadian dollars); the geographic distribution of the Company’s operations; the impact of operational changes; changes in jurisdictions in which the Company operates (including changes in regulation); failure by counterparties to fulfill contractual obligations; and other factors as may be set forth as well as objectives or goals including words to the effect that the Company or management expects a stated condition to exist or occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements by reason of factors such as, but not limited to, the factors set out in the discussion on pages 15 to 18 of the 2016 Annual Report entitled “General Risks and Uncertainties”, and such other documents as available on SEDAR at www.sedar.com. All such factors should be considered carefully when making decisions with respect to the Company. The Company does not undertake to update any forward-looking statements, including those statements that are incorporated by reference herein, whether written or oral, that may be made from time to time by or on its behalf, except in accordance with applicable securities laws.
About Major Drilling
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. To support its customers’ varied exploration drilling requirements, Major Drilling maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa and Europe. Major Drilling provides all types of drilling services including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and a variety of drilling-related mine services.
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