Tricon Drilling Solutions

What Tricon Drilling Solutions does

Tricon Drilling Solutions is a privately held Australian manufacturer and supplier of drilling consumables for the open-pit mining sector, headquartered in Perth, Western Australia. Founded in 2001, the company operates as a one-stop shop for the complete drill string below the rotary head, offering rotary rock bits (roller cone, pilot hole, and Triclaw), down-the-hole (DTH) hammers and bits, blast hole drill string components (drill pipe, subs, cushion connectors, deck bushings, de-watering tools), consumables and safety accessories, and the patented RAPADRIL hybrid rotary-percussion drilling tool. Manufacturing and refurbishment are conducted in-house at the Belmont facility in Perth, with distribution supported by warehouses in Singleton, New South Wales, and Mackay, Queensland.

The technology platform centres on field-proven consumables complemented by patented innovation: the RAPADRIL system combines rotary and percussion drilling with a Variable Impact Control System (VICS) that tunes impact frequencies to formation conditions, paired with matched RAPID roller cone bits. The Uni-Lift Pipe Handler mechanises drill rod change-outs with remote-controlled, one-man operation, addressing mine-site manual-handling risk. Products are supported by refurbishment services (straightening drill pipe, rebuilding shock subs and DTH hammers), onsite technical advice, air and weight testing, and performance tracking using customer-supplied data.

Tricon sells into an enterprise customer base of major mining operators and drilling contractors including Rio Tinto, BHP Billiton, Codelco, and Redpath Mining, primarily in Australia with additional clients in Africa, Asia, Indonesia, and Papua New Guinea. The go-to-market is direct enterprise field sales organised through regional sales management, quote-based pricing rather than published tiers, and relationship-based selling to decision-makers, with multi-year contracts and a stated five-day road delivery promise from Perth to major Australian mine sites. Marketing is anchored by direct sales engagement, industry exhibitions (such as Mining Indonesia), and an active LinkedIn presence.

Name

Tricon Drilling Solutions

Legal name

Tricon Drilling Solutions Pty Ltd

Website

https://triconds.com.au

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Tricon Drilling Solutions is a Perth-based Australian manufacturer and supplier of drilling consumables and drill string components for the open-pit mining industry, serving enterprise customers including Rio Tinto, BHP, and Codelco across Australia, Africa, and Asia.

Ownership category

akta.pro rank

Product category

Mining Drilling Consumables

NAICS

Mining Machinery and Equipment Manufacturing (333131), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC)

akta.pro secondary industries

Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC), Drill Tools, Bits & Downhole Equipment (IMAHAMAB), Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH), Wear Parts & Consumables (Liners, Mantles, Hammers) (IMAHAMAK)

Keywords

• Drilling consumables
• Rotary rock bits
• Blast hole drilling
• Down-the-hole tools
• Mining drill string

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Drilling Consumables and Equipment Sales: Sale of rock drilling tools and consumables including rotary rock bits, DTH hammers and bits, blast hole drill string components, rotary-percussion tools, and accessories. Products include drill pipe, subs, cushion connectors, deck bushings, and handling equipment.
2. Repair and Refurbishment Services: Drill string items damaged in day-to-day operations can be straightened and refurbished. Shock subs and DTH hammers are refurbished using specialized break out services including cleaning, reassembly, and return as near-new tools.
3. Technical Services and Training: Onsite technical advice, training, air and weight tests, and drill performance consulting services to optimize drilling operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Tricon Drilling Solutions manufactures and supplies drilling consumables and equipment for the open-pit mining industry, offering a complete one-stop suite of products below the rotary head including rotary rock bits (roller cone, pilot hole, triclaw), DTH hammers and bits, drill pipe and subs, cushion connectors, deck bushings, and the patented RAPADRIL rotary-percussion tool. The company complements its manufactured products with breakout/refurbishment services and on-site technical services including air and weight tests, drill bit analysis, and consulting for mine sites across Australia, Africa, and Asia.

Product overview

Tricon Drilling Solutions is a Perth-based Australian company founded in 2001, supplying production drilling products and services to the global mining industry. The company operates as a one-stop shop for mining blast hole drilling operations, offering a comprehensive portfolio that includes Rotary Rock Bits (Roller Cone, Pilot Hole, Triclaw), Down The Hole (DTH) Hammers and Bits, the patented RAPADRIL hybrid rotary-percussion drilling tool, Blast Hole Drill String components (Drill Pipe, Drill Subs/Adapters, De-watering Tools, Deck Bushings, Cushion Connectors), plus a broad range of accessories and safety equipment. The portfolio is complemented by rock drilling services including breakout services, mine site technical services, and the Uni-Lift Pipe Handler for safe drill pipe handling. Tricon serves major mining clients including Rio Tinto, BHP Billiton, and Codelco, with in-house manufacturing capabilities in Perth and branch locations in Singleton NSW and Mackay QLD.

Differentiator

Problem solved

Functional benefit

Products and services

• Roller Cone Rock Bits

Quantifiable outcome

• 654.3 metres world record single pilot hole bit run achieved by Redpath Mining using Tricon TDS80 IADC 837 bit
• +2 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Redpath MiningcoreStrategic or Co-development Partner · 1 September 2020Tricon partnered with Redpath Mining's REDBORE 100 Team to achieve the world record for longest single RVDS 17-1/2 inch Pilot Hole Bit Run of 654.3 metres. The pilot bit was a TDS80 IADC 837 from Tricon's suite of PHBs ranging from 9 inch to 17-1/2 inch. This collaboration demonstrates Tricon's product quality and Redpath's operational excellence.
• JTech Jasa PertambangancoreChannel Partner/ Reseller/ Distributor · 1 September 2019Tricon attended Mining Indonesia 2019 Expo in Jakarta, Indonesia in partnership with JTech Jasa Pertambangan. JTech serves as a local partner for Tricon to present products and services in the Indonesian market at this largest international mining equipment exhibition.
• Soft Cogs Inc. / Soft Cogs RacingminorGTM or Marketing PartnerLong-standing partnership with Soft Cogs Inc. supporting fundraising for MS Gong Ride event. Partnership expanded to Soft Cogs Racing (SCR) encouraging active lifestyle through mountain biking. Tricon offers ReCYCLE for Charity program directing profits from used drill bit recycling to support Soft Cogs' charity work.
• Wolff GroupminorGTM or Marketing PartnerTricon sponsored Wolff Group employees undertaking the Youngcare Simpson Desert Challenge 2019 trek to support young people with high care needs. Wolff Group committed two employees and raised $55,000 for accessible living spaces and support.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Epiroc: Epiroc is one of the two global mining equipment OEMs (spun out of Atlas Copco) and offers rotary/DTH bits, hammers, drill strings and autonomous blasthole rigs directly competing with Tricon in rotary and DTH consumables, but at vastly greater scale and with rig-bundling leverage.
• Sandvik Mining and Rock Solutions: Sandvik supplies rotary bits, DTH hammers, drill strings and underground/open-pit equipment. It is a direct global competitor to Tricon in mining consumables with comparable products and deeper R&D resources, and serves many of the same Tier-1 mining customers.
• Atlas Copco (legacy mining division, now Epiroc): Atlas Copco's former mining and rock excavation business was spun off as Epiroc; the parent group still competes in adjacent segments like construction tools. As the legacy incumbent, it set the global standards Tricon competes against in rotary and DTH consumables.

Direct peers

• Boart Longyear: Boart Longyear is a specialist drilling consumables and services company offering rotary bits, DTH hammers and drill string products to the global mining industry. It is a direct competitor in the same product categories as Tricon, with a heavier focus on exploration drilling alongside production.
• Mincon Group: Mincon is an Irish-headquartered manufacturer of DTH hammers and bits, rotary bits and drill pipes serving mining, quarrying and construction. It is a close direct peer to Tricon in rotary/DTH consumables with comparable product range and an export-led business model.
• Robit Plc: Robit is a Finnish manufacturer specializing in drilling consumables — DTH bits, top hammer bits, rotary bits and drill rods — for mining and construction. It is a direct peer in rotary/DTH consumables, with a similar mid-sized manufacturer profile to Tricon.
• Drillco Tools: Drillco is a Spanish manufacturer of rock drilling tools including DTH hammers, bits and drill string components. It directly competes with Tricon in mining consumables and serves global mining and quarrying customers.
• Halco Drilling Tools: Halco is a UK-based manufacturer of DTH hammers and bits, with a long history in mining, quarrying and water well drilling. It is a direct peer in DTH consumables, comparable in size and product focus to Tricon.

Emerging players

• Center Rock Inc. (part of Sandvik): Center Rock manufactures DTH hammers and bits, including for blasthole and water-well drilling. It is a direct competitor in DTH consumables and is now part of Sandvik, illustrating how mid-sized consumables players get absorbed by global OEMs.

Regional players

• Smith Bits (SLB): Smith Bits is a global leader in roller cone and fixed cutter drill bits, primarily for oil and gas drilling with some mining exposure. It is relevant as a peer in roller cone bit technology that competes with Tricon's roller cone offerings in the mining-overlap segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tricon-drilling-solutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tricon Drilling Solutions