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Minerals still core at Layne: Caliel

Almost zero earnings visibility and a dramatic slump in contract work over the past three years surely makes mineral drilling an unattractive business for a successful water and infrastructure driller? Not so, says newish Layne Christensen president and CEO, Mike Caliel.

Minerals still core at Layne: Caliel Minerals still core at Layne: Caliel Minerals still core at Layne: Caliel Minerals still core at Layne: Caliel Minerals still core at Layne: Caliel

Layne Christensen's mineral drilling revenues have shrunk by two-thirds in the past three years

Caliel, who joined NASDAQ-listed Layne (LAYN) from Invensys Software a year ago, maintains the company’s withdrawal from the African minerals market – at a time when others still see bright prospects