Boart Longyear John Hoffmeister as president and chairman of the board of the company. FACTS was dissolved when Boart International (a wholly owned subsidiary of Anglo American) bought out CDP's interest in Longyear. In 1974, Boart International invested capital which helped Longyear to become the world's leading manufacturer of diamond bits. Boart Longyear engineers in North Bay, Ontario, secured a reliable source of high-performance synthetic diamonds, which triggered the development of a new bit design – the impregnated-diamond bit. With decades of powder metallurgy experience behind them, Longyear engineers set out to develop a new crown that consisted of synthetic diamonds evenly
Boart Longyear Richard O'Brien, former CEO of Newmont Mining Corporation, joined Boart Longyear as CEO on April 1, 2013. To better focus on its core business and align with its long-term strategy, Boart Longyear announced the sale of its Environmental and Infrastructure drilling services operations to Cascade Drilling, L.P. of Woodinville, Washington on July 15, 2013. In August 2013, Boart Longyear founder, Edmund J. Longyear, was nominated for inclusion in the International Mining Hall of Fame. Longyear was nominated for his contributions to the U.S. iron ore mining and steel industries in the early part of the 20th century. He founded E.J.