News

IDEA Drilling has experienced significant revenue growth over the last couple of years, primarily as a result of the copper/nickel mineral exploration activities in northeast Minnesota and Michigan UP.  IDEA’s shareholders made several significant investments in 2011 to capitalize on the market opportunities and to build a stronger business for the long-term.  IDEA purchased 4 new drill rigs during the year to increase its fleet to 18 drill rigs.  IDEA also added a number of experienced people to its team and has increased its employee base from 80 at the beginning of 2011 to nearly 140 in January 2012.  All of the new jobs added were for Minnesota employees.  In November 2011, IDEA completed the construction of a 7200 sf storage building at its Virginia, MN headquarters.  This facility will be primarily used to store inventories and equipment out of the weather.  

IDEA’s shareholders and management team are committed to being the premier exploration services and core drilling company in the midwest by providing high quality, innovative and cost effective services to our customers.  We are also committed to being a proactive partner in building a stronger communities on the Iron Range.  To that end, IDEA will continue to invest in its business, its people, and its communities in 2012.

New storage facility above.