Perenti Group - Perenti

Perenti secures additional ~$520 million of Australian revenue with new Cowal Underground contract

Posted on 7 June 2022 by admin

Perenti is pleased to announce that its Barminco underground mining business has been awarded the contract for all underground development and production works for Evolution Mining’s Cowal Underground project in New South Wales.

Barminco, a leading global underground mining services business, with operations in Australia, Africa and North America, is currently developing an exploration decline and conducting diamond drilling services at Cowal. The award of this new contract significantly expands Barminco’s scope at the site to include the development of a second portal, all underground development and production works, and associated underground mining services required to support the continued mill feed of underground ore.

Mark Norwell, Managing Director and CEO of Perenti said the award of the Cowal contract aligns with Perenti’s strategy of increasing its earnings in top-tier regions and with top-tier clients.

“The Cowal contract represents one of the largest underground mining projects in Barminco’s history, generating revenue of nearly $520 million with an initial term of four years, from a contract commencement date in early July 2022,” Mr Norwell said.

“This contract award represents not only a significant expansion and continuation of our first underground contract in New South Wales but is also a fantastic opportunity for Perenti to build on our strong working relationship with Evolution, one of Australia’s premier gold mining companies.”

Mining Chief Executive Officer, Paul Muller said, “Our purpose is to create enduring value and certainty for our clients, our people, our shareholders and the communities in which we work. At Cowal we will prioritise local and indigenous training and employment and local procurement opportunities while maintaining a transparent and consistent approach to community and indigenous engagement. We look forward to working with Evolution to develop a safe, sustainable, highly-productive world class operation in New South Wales.”

To read the ASX release visit the ASX announcements section of our website.

Perenti delivers solid results in-line with expectations

Posted on 22 February 20226 September 2023 by admin

Perenti has delivered solid financial and operational results for the six months ended 31 December 2021 that reflect significant revenue growth despite the continued COVID-19 challenges, while progressing the ramp-up of several growth projects and taking proactive portfolio and capital management measures to generate cash and support sustainable leverage reduction.

Mark Norwell, Managing Director and CEO of Perenti, said: “We are pleased with the overall performance of the Group over the last six months. The business has delivered solid consolidated results that show an improvement on the prior half and are consistent with guidance despite the continuation, and in some cases worsening, of macro-economic and operating conditions.

“Labour has remained tight, supply chains have continued to see disruptions, and the impacts of COVID-19 have arguably worsened both domestically and internationally. Yet despite this, our people have remained resilient which is absolutely appreciated by all of our Executives and the Board.

“Impressively, we welcomed almost 1,000 additional employees into the business, we continued to see improvements in our AMS business reflecting the positive outcomes of our recent strategic review and remained focused on delivering on our commitments while creating enduring value for all stakeholders.

“Looking ahead to the remainder of FY22, we expect the current macro-economic landscape to persist until the end of FY22 but remain confident in Perenti’s ability to continue to deliver on our commitments to our employees, our clients, our suppliers and our shareholders.”

To the full Perenti 1H22 Results media release.

idoba collaborates with Sumitomo Corporation under MOU

Posted on 9 February 2022 by admin

idoba, Perenti’s technology driven products and services business, has been operating under a Memorandum of Understanding with Sumitomo Corporation for the co-creation and joint development of digital mining products for the advancement of sustainable mining practices.

Sumitomo is a major investment and trading group, consisting of over 900 companies in 112 countries. Sumitomo will leverage its global mining industry network to bring a unique user perspective that will complement Perenti and idoba’s mining services and technology expertise.

Under the terms of the MOU, Sumitomo and idoba will collaborate and jointly develop digital mining services, including mining process optimisation and carbon footprint management.
• Mining process optimisation – by connecting and analysing mine performance data to predict future performance and provide decision support; and
• Carbon footprint management – to generate predictive decision guidance that will help mine owners on their pathway to net zero carbon equivalent emissions, while optimising cashflow and performance against global emission standards.

Mark Norwell, Managing Director and CEO of Perenti, said, “Our agreement with Sumitomo is a vote of confidence in idoba’s industry-leading capability. The combination of Sumitomo, idoba and our contract mining expertise will support our business evolving to meet the needs of the ever-changing mining industry and global expectations.

“In idoba we are building an innovation-based business with a focus on helping clients achieve operational excellence and world’s-best environmental performance through product and service development.”

Sarah Coleman, Chief Executive Officer of idoba, said, “The mining industry recognises the value that advanced digital technologies bring to operational performance, asset efficiency and sustainable business.

“The MOU with Sumitomo will help us expand our suite of technology driven products and services to meet the mining industry’s demand for technology and sustainability to be integrated with mining domain expertise, and a human-centred approach.”

Read the full ASX release here.

idoba grows capability with Orelogy and Atomorphis aquisitions

Posted on 9 February 2022 by admin

idoba’s strategic acquisitions of two complementary businesses, Orelogy and Atomorphis, are aligned with Perenti’s strategy of establishing digital, innovation and technology services that improve sustainability and operational performance outcomes for the mining industry.

Orelogy are specialist resource consultants with multi-commodity expertise across resource sector project development and management, mine planning and cost modelling optimisation, as well as pre-feasibility and feasibility studies. Orelogy has a track record of delivering significant value across a range of projects and commodities.

Atomorphis is a resource sector data science group that delivers agent-based software modelling capability. Agent-based modelling is the next iteration in Discrete Event Simulation. Their solutions include modelling mine fleet variability in 3D using parameters such as loading rates, payload, spotting and dumping times. This provides mining companies with the ability to model their operations and see the true impact of fleet interactions, increasing productivity and reducing costs.

Mark Norwell, Managing Director and CEO of Perenti, said, “We are extremely pleased to add agile and innovative businesses like Orelogy and Atomorphis into Perenti. The expertise of Orelogy and Atomorphis will add value to our contract mining business and as part of idoba will continue building out the required capability in support of our strategy.

“In idoba we are building an innovation-based business with a focus on helping clients achieve operational excellence and world’s-best environmental performance through product and service development.”

“The acquisitions of Orelogy and Atomorphis will help us expand our suite of technology driven products and services to meet the mining industry’s demand for technology and sustainability to be integrated with mining domain expertise, and a human-centred approach.”

Read the full ASX release here.

Perenti divests MinAnalytical to ALS Limited

Posted on 17 December 2021 by admin

Perenti has announced the divestment of its MinAnalytical subsidiary to ALS Limited for $43.6 million.

Mark Norwell, Managing Director and CEO of Perenti said, “The divestment is part of the ongoing strategic review of the Company’s portfolio, including our services, operating regions and businesses. As we continue to focus on optimising the performance of our business and creating long-term sustainable value for our shareholders, we are pleased to have entered into a binding agreement for the divestment of our MinAnalytical business to ALS.”

“ALS is a premier provider of analytical testing data world-wide and has a track record of acquiring and embedding complementary businesses and analytical technology to deliver value for their clients. MinAnalytical, and the significant new technology offering of the Chrysos PhotonAssay machines, is a natural fit for the ALS portfolio and will benefit greatly from the synergies and economies of scale that ALS can offer.”

“Following the transaction, Perenti will retain our 8% equity holding in Chrysos because we, much like ALS, appreciate the significant current and future value proposition that the Chrysos business represents.”

He added, “In line with our significant focus on liquidity and capital management, the net proceeds of this transaction will be allocated across our portfolio to maximise shareholder value. We will continue to evaluate and progress a number of capital management initiatives designed to generate cash flow, streamline our portfolio, liberate cash, sustainably reduce our leverage ratio and efficiently allocate capital across our business.”

“On behalf of the Group Executive and Perenti Board, I want to thank the MinAnalytical team for their valuable contribution over the past 11 years and wish them every success as they transition to ALS.”

Read the full ASX release here.

Pedestrian Safety the Focus of Underground Mine Technology Partnership

Posted on 7 December 2021 by admin

Perenti’s Barminco, Newtrax and Sandvik are partnering to develop a new technology-led solution that improves the safety of pedestrians working near heavy vehicles (HVs) underground.

Between 2008 and 2018, there were 12 fatalities that involved HVs in the underground mining industry in Western Australia. Seven of those deaths were pedestrians.

This statistic is a reminder that these mining machines – that weigh a minimum of 4.5 tonnes and operate in areas of poor visibility – are a significant risk factor for people who work in close proximity to them in an underground environment.

As one of the world’s leading underground mining contractors, Barminco currently operates 25 projects in seven countries and employs more than 5,600 people. Almost all of these employees will be exposed to a working HV during their career. In fact, every hour of every day of the year, there are approximately 2,000 Barminco employees working underground interacting with heavy vehicles.

Barminco’s scale and underground mining expertise, combined with Newtrax’s leading-edge capability to develop collision avoidance systems and the high penetration of Sandvik HVs featuring advanced controls, means this partnership is uniquely positioned to understand how people and equipment interact in underground mines.

Newtrax has developed a collision avoidance system that links “intelligent” cap lamps to the warning system inside the cab of an underground HV. The system provides the vehicle operator with virtual visibility of any pedestrians in the immediate area of their vehicle, along with an escalated warning system to both the pedestrian and operator as the distance between them reduces. This escalation transitions from warning to vehicle intervention, where the HV automatically reduces speed and comes to a controlled stop, when the system senses any pedestrian wearing an intelligent cap lamp in the high-risk zone.

Under the partnership, Newtrax will deploy its next-generation Level 9 Collision Avoidance System across Barminco’s Sandvik fleet, including the supply of intelligent cap lamps with advanced electronic safety features to Barminco’s underground mines. The technology is due to undergo initial testing at one of Barminco’s underground sites in January 2022.

Paul Muller, Perenti Chief Executive Officer, Mining, said the focus of the project was twofold – the safety of its people and the sustainable adoption of the technology industry-wide.

“The exposure of pedestrians to heavy vehicles underground is a significant risk not just for us, but for everyone involved in the underground mining industry,” Mr Muller said.

“The combination of Newtrax’s technology, our underground operating experience and Sandvik’s role in supplying heavy mining vehicles can put us in a position to offer the entire industry a smart solution to a complex problem.”

Simon Waghorn, Newtrax Regional Vice President – APAC, said the collaboration with Barminco would provide the partners with real-world experience that would help optimise the system as it develops.

“Although the Newtrax Collision Avoidance System is the best available system on the market, many more enhancements are required to accelerate adoption,” Waghorn said. “This partnership with Barminco, a world-class underground hard rock mining contractor, will enable collaborative product development which will result in an even better product for the industry.”

“Barminco is a very important customer for Sandvik and we are pleased to take on the challenge to develop and deliver the industry-leading intervention controllers, to enable slow-to-stop control of the equipment in Barminco’s fleet,” said Wayne Scrivens, Vice President – Sales Area APAC, Sandvik Mining and Rock Solutions.

Perenti delivers solid FY2021 Results: proactively managing headwinds and positioning for growth

Posted on 24 August 20216 September 2023 by admin

Perenti has delivered an FY21 result consistent with its revised expectations, achieving solid operational performance and growth from its Underground Mining business and an improved second half performance from its Surface Mining business.

This solid result was delivered in a year where the Company’s financial performance was impacted by headwinds including the ongoing impacts of the COVID-19 pandemic on our international operations, tighter Australian labour market and a strengthening Australian dollar.

Perenti continues to invest in our people, systems and mining equipment to build strong foundations and support the ramp-up of the Company’s key growth projects in FY22 to deliver business growth in FY23 and beyond.

Mark Norwell, Managing Director and CEO of Perenti, said: “Firstly, I want to recognise our people, who provided high quality mining services to our clients with a focus on continuity of operations to deliver enduring value and certainty.

“Our Underground business continued to be a standout performer, delivering a third consecutive year of earnings growth with a strong FY21 contribution. Impressively, this growth has been delivered in a year where we saw the slower than anticipated ramp up at several recently secured international projects due to the prolonged, and ever-changing, nature of the COVID-19 pandemic.

“As expected, due to the planned contraction of our Surface Mining business following our strategic transition out of Yanfolila and Boungou, FY21 revenue, EBIT(A) and margins were softer than FY20. Pleasingly during the second half of FY21, earnings and margins generated by the Surface business more than doubled compared to the first half.

This tangible and sustainable improvement in performance is attributable to the implementation of the findings of the AMS Strategic Review and continued solid performance from our Australian business. We are in a good position to move our AMS business forward and are encouraged by securing the Motheo and Iduapriem contracts, both of which are examples of the quality of contracts that AMS will pursue.”

“The Investments business navigated difficult conditions during FY21 with softer east coast equipment rental market conditions impacting revenue and earnings. In response, we revitalised the leadership team and have increased our market activities including the implementation of a more targeted sales strategy, which has increased asset utilisation rates by 5 per cent since December 2020.

“We continue to look to the future. Throughout FY21 we made prudent investments in our people and systems, while managing our balance sheet to ensure we are well positioned to fund our 2025 strategic growth aspirations. An integral part of this strategic growth is our technology driven service offering, idoba, launched in July. Through idoba we plan to improve our competitive advantage by developing a unique capability in emerging digital mining, technology and innovation.”

You can read the full ASX Release here.

Perenti launches idoba – our technology driven service offering

Posted on 28 July 2021 by admin

Perenti has launched idoba, a new technology-driven service offering for the mining industry, that leverages in-house technology and data expertise to add value to our global mining services activities.

Mark Norwell, Managing Director and CEO of Perenti, said: “When looking to the future of the mining industry, it is evident that innovation and technology will play a much greater role in the way we do business and ultimately how we continue to generate value for all our stakeholders.

“With this in mind, it is with great pleasure that we launch idoba, our new technology driven service offering which will enable tomorrow by allowing us to respond to our clients’ evolving needs both today and into the future.

“I am also pleased to announce the appointment of Sarah Coleman as Chief Executive Officer, idoba. Sarah has significant mining experience and a passion for driving improvements through innovation to create value.”

idoba is a name that was co-created using human and artificial intelligence input, which connected the Greek word eidos meaning “essence” and the Japanese term “ba”, meaning knowledge mobilising space.

The idoba team was formed by combining businesses that Perenti acquired over the last 12 months, Sandpit Innovation, ImpRes and Optika. The founders of these businesses, Sarah Coleman, Aaron Carter and Matt Schneider and their teams are passionate, talented and diverse – with a high proportion of female, multicultural and neurodiverse individuals. Their collective experience comes from global mining companies, digital product commercialisation, data analytics and sustainability. 

idoba is the culmination of Perenti’s strategic technological growth which, in addition to supporting the Perenti business, will provide digital product and technology service offerings to mining and mining service clients with revenue and earnings generated from these services.

Apart from contributing to Perenti’s revenue and earnings growth in the medium term, we expect to leverage the innovation and technological skill sets of the idoba team to unlock productivity improvements across our current suite of service offerings.

Ultimately and in time, these efforts will reduce risk, increase productivity, and drive performance for Perenti as well as creating new capabilities for idoba to offer to the broader resources sector.

This is an exciting time for our business as we welcome idoba to Perenti.

Perenti secures new surface mining contract at Iduapriem gold mine in Ghana

Posted on 19 July 2021 by admin

Perenti is pleased to announce that AMAX, a joint venture between Perenti’s surface mining business in Africa, African Mining Services and leading Ghanaian mining services company, MAXMASS has been awarded a new $470 million five-year contract at AngloGold Ashanti’s Iduapriem gold mine in the Western Region of Ghana.

The new contract is structured as a 60:40 joint venture agreement between AMS and MAXMASS and represents AMS’s significant and ongoing commitment to developing and expanding the capacity and capability of our local partners.

Mark Norwell, Managing Director and CEO of Perenti, said the continued transformation of AMS, including the winning of quality projects underpinned by robust financial and commercial disciplines remains a key strategic initiative in Perenti’s 2025 Group Strategy.

“We’re delighted to be extending our relationship with our long-standing client, AngloGold Ashanti. AMS has a reputation for delivering excellence while generating enduring value and certainty for stakeholders and the award of this new contract at a site where AMS has previously operated for AngloGold Ashanti provides further support for that reputation. We look forward to continuing to partner with AngloGold Ashanti.”

Perenti Mining Chief Executive Officer, Paul Muller, said AMS had a long history of delivering operational excellence and value to clients, having provided mining services in Ghana for 30 years.

“We have provided surface mining services at the Iduapriem gold mine since 2012, establishing a successful partnership with AngloGold Ashanti. We look forward to continuing to strengthen this partnership and also welcome the opportunity to work with our newest joint venture partner, MAXMASS.

“We have a strong commitment to support and build local capability to generate social and economic value for the regions in which we operate. Under this contract, and through the AMAX joint venture, we expect to continue to support the many local businesses that have become important suppliers and contractors to our operations under previous contracts. The joint venture also expects to employ more than 475 Ghanaians with approximately 40% of the workforce employed from the surrounding local communities and the remaining 60% from other regions within Ghana.”

Perenti secures new A$235 million contract at the Geita Complex

Posted on 12 April 2021 by admin

Perenti is pleased to announce that its subsidiary, leading African hard-rock underground miner, African Underground Mining Services, has secured a new two year contract to continue operations at AngloGold Ashanti’s Geita Mine in Tanzania. The two-year contract will take effect immediately and increases Perenti’s current work in hand by circa A$235 million (Perenti’s sharei).

Mark Norwell, Managing Director and CEO of Perenti said, “We are very pleased to be continuing our strong, long-term working relationship with AngloGold Ashanti at their flagship Geita Mine.

“This contract extension includes the addition of Geita Hill, a new underground development within the Geita Complex, which will see a steady increase in our scope of works as the development ramps up from a single heading decline into multiple work areas and then into production later in 2021.”

“This contract extension is expected to generate an improved earnings contribution for Perenti over the contract term. Winning new contracts and extending existing contracts is one of our key strategic priorities and we continue to make great progress on the execution and delivery of our 2025 strategy.”

Perenti’s Mining Chief Executive Officer Paul Muller said “Perenti first started operating in Tanzania in the late 1990’s and the award of the contract extension at the Geita mine provides us with a fantastic opportunity to continue to partner with, and support our numerous local businesses, suppliers and contractors. We look forward to expanding on these relationships as we seek to create enduring value and certainty for all of our stakeholders.”

For more information click here.

Perenti Managing Director and CEO Mark Norwell addresses delegates at ADU2020 and talks about the Group’s 30-year African journey

Posted on 5 November 2020 by admin

Perenti Managing Director and CEO Mark Norwell presented on day one of the African Down Under 2020 conference at the Pan Pacific Hotel in Perth. Mr Norwell talked about Perenti’s 30-year journey in Africa through its businesses AMS, Barminco, AUMS, Supply Direct and Logistics Direct, and how strong relationships with stakeholders have underpinned the Group’s success in the region over three decades. A key theme in the presentation was community engagement and the Group’s strong track record of training African citizens and sharing skills and knowledge to leave a lasting legacy of education and economic benefit in the communities that we have become a part of. Finally, Mr Norwell touched on the Group’s response to COVID-19 and the extraordinary logistical efforts that the team has gone to in keeping its people safe and sustaining international and regional crew change activities that have enabled operational continuity for Perenti’s clients in Africa.

To watch the video click here.

To view the full presentation click here.

Perenti delivers record revenue and EBITDA earnings in FY20

Posted on 25 August 20206 September 2023 by admin

Perenti has delivered strong operating and financial results in FY20, demonstrating the strength of its global mining services business to withstand challenges and provide certainty. Perenti is set to deliver similar
revenue and operating margins in FY21, subject to COVID-19 impacts, with solid growth expected in FY22.

In FY20 Perenti delivered record revenue – exceeding $2 billion for the first time – record EBITDA, significantly strengthened its liquidity position, and has entered FY21 with more than $5 billion work in hand and almost
$11 billion in contract rollovers and targeted tender opportunities.

Perenti Managing Director & CEO, Mark Norwell said the FY20 financial results reflected the team’s ability to successfully navigate a turbulent year and deliver value and certainty for Perenti’s clients and investors.

“To report record revenue and earnings, end the year in a stronger financial position than 12 months ago, and maintain a substantial order book is impressive, but to do so in the midst of the operational and economic
challenges presented by COVID-19 is exceptional,” Mr Norwell said.

“Perenti experienced isolated impacts of COVID-19 at Perenti’s projects, with a strong response by our internal executive led COVID-19 taskforce. The company also achieved tangible progress against key initiatives under the
2025 Group strategy, positioning Perenti for the future.

“Of note, we converted close to 100 per cent of earnings into cash, remained focused on capital discipline, and made considerable progress in transforming our Surface business in Africa, AMS, with stronger financial
performance in the second half of FY20. Meanwhile, Underground delivered standout financial and operational performance through the Barminco and AUMS businesses across both Australia and Africa.

“We also secured almost $1 billion in contact extensions and new work across our Surface and Underground ISGs in FY20 and successfully commenced operations in attractive mining jurisdictions of Botswana and Canada.

“Importantly, we continued to look to the future by investing in the business and our people that will enable us to deliver on our 2025 Group strategy.

“The results and achievements reflect the dedication of our high calibre team and the strength of our operating discipline and I would like to thank our employees and their families for their support.”

For more information on Perenti’s FY20 Results visit the investors page .

Perenti Group Managing Director Mark Norwell outlines company response to COVID-19

Posted on 26 March 20206 September 2023 by admin

Yesterday morning Perenti Group Managing Director & CEO Mark Norwell spoke to investors regarding the situation facing the Group and how it is responding to the current COVID-19 pandemic.

He stressed that to date there has been minimal impact on the company’s operations but Perenti remains mindful of the considerable impact COVID-19 is having globally.

Mr Norwell said the company’s key priorities in dealing with COVID-19 is the health and safety of its people, limiting the spread of the virus and delivering value for its customers by doing everything possible to continue operating safely in what is a complex and everchanging environment.

“We are focused on protecting the wellbeing of our people and working closely with key stakeholders so that we can continue to operate safely and effectively during this unprecedented period,” he said.

“We are doing all that we can to minimise any disruption and we will continue to focus on capital management as part of our 2025 Group strategy to ensure Perenti is well positioned to deliver through all economic cycles.”

Mr Norwell also praised employees who had gone above and beyond in recent weeks, especially expats who had stayed in country to support its international operations, FIFO workers for their resilience as well as the families of all its employees for their support and understanding.

Barminco set for Canada debut with Hemlo contract

Posted on 9 March 2020 by admin

Perenti is pleased to announce its subsidiary, leading hard-rock underground miner Barminco, has received a letter of intent from Barrick to provide underground contract mining services at Barrick’s Hemlo Mine, located in the Marathon mining district of north western Ontario, Canada.

Under the proposed three-year, approximately $200 million mining services contract, Barminco will bring industry-leading technology and productivity to Hemlo in support of Barrick’s goal to modernise and improve the performance of the mine and establish it as a tier two asset within its group.

Barminco’s scope includes undertaking mine development, production and haulage, utilising mining equipment provided by Barrick. The company anticipates employing more than 300 people at the operation, with works commencing in April 2020.

The Hemlo Mine has produced more than 21 Million ounces of gold over 30 years of operation.

Perenti Group Managing Director Mark Norwell said the contract award was another significant step in the Group’s international growth strategy to enter attractive and stable mining jurisdictions.

“This is Barminco and Perenti’s first significant contract in North America and builds on our regional growth capabilities, after expanding into Botswana last year with an $800 million contract. We look forward to supporting Barrick to deliver outstanding results at Hemlo,” Mr Norwell said.

Underground Chief Executive Officer Paul Muller said: “We are thrilled to be in a position to support Barrick to improve the performance of the Hemlo mine. We intend to work very closely with Barrick and all key stakeholders, including the incumbent workforce at Hemlo, the Pic River and Pic Mobert First Nations people and the Marathon community more generally to deliver a sustainable improvement in performance, thereby assuring the future of Hemlo.”

Perenti reports strong FY20 H1 earnings as it delivers against 2025 strategy

Posted on 26 February 20206 September 2023 by admin

Perenti has delivered a strong result in HY20, with the Company on track to meet its most recent FY20 earnings guidance. Perenti Managing Director Mark Norwell said the HY20 results demonstrated the diversity and resilience of the expanded Group.

“At a Group level our underlying earnings were strong, which was an impressive achievement, given the challenges in African Mining Services (AMS), demonstrating the breadth of Perenti’s portfolio,” Mr Norwell said.

“Perenti’s underground mining business, across Australia and Africa, performed exceptionally well, with earnings growing by more than one-third over the prior corresponding period as we successfully integrated Barminco into the Perenti group.

“Meanwhile, in our surface mining business, our Ausdrill operations in Australia performed in line with expectations but our AMS operations in Africa delivered an unsatisfactory result that impacted Group earnings.

“A key focus of our 2025 Group strategy has been on the transformation of AMS, with a range of initiatives underway including enhanced earnings, cash conversion, and efficient capital management.

“In addition to the AMS transformation initiative, a strategic review of AMS has now commenced that will thoroughly assess the business more broadly.

“In November, 19 of our employees tragically lost their lives and a further 26 were injured as a result of an unprecedented terrorist attack in Burkina Faso. In response, we reassessed where and how we operate, with Perenti ceasing operations in Burkina Faso’s higher risk locations given the current security situation. We also continue to do everything possible to ensure that all injured employees, work colleagues and impacted families are receiving the best possible care and support.”

To see the full FY20 H1 results please visit the Investor Section of our website.

Perenti Surface Business secures more than $150 million in work

Posted on 21 February 2020 by admin

Perenti is pleased to announce its Surface Mining Industry Sector Group (ISG) has been awarded $155.5 million in new and extended contracts.

Perenti Group Managing Director Mark Norwell said the contracts reflected Perenti’s ability to deliver value for its clients by performing quality work across the Group’s diverse Surface portfolio.

“We have been targeting a strong pipeline of surface and underground work and I am pleased we continue to convert these opportunities into secured contracts across a range of different projects in both Australia and Africa,” Mr Norwell said.

“These latest awards add to $165 million in surface work we announced in December 2019 and the $200 million contract we recently announced for our Underground ISG.

Perenti Surface Chief Executive Officer Scott Winter added: “Through our surface business, we continue to demonstrate our leading expertise and reputation in the sector. This has resulted in a number of contract extensions and expansions for our quality client base.”

The new work, extensions, and expansion of scope is across ten projects, with highlights including:
• A 3-year contract (with options to extend) for production drilling services with Boggabri Coal Operations (a part of Idemitsu Australia Resources Group) at its Boggabri Mine in New South Wales.
• A 3-year contract extension with a major iron ore producer for reverse circulation (RC) and grade control (GC) drilling at its Western Australian operations.
• A 12-month contract extension with Consolidated Minerals to support current mining operations and regional expansion projects.
• Expansion of services for a major mining contractor in Queensland which will double the contract value across the current three-year contract duration.
• A 12-month extension to existing works at Gold Fields’ St Ives and Granny Smith projects, which involves land and lake rigs for air core, RC and diamond drilling.
• An equipment hire agreement with E&P at Gold Fields’ Damang Mine in Ghana.

Full ASX Announcement can be downloaded here.

Savannah Underground Mining Contract Executed with Barminco

Posted on 21 February 2020 by admin

Perenti is pleased to announce its subsidiary, leading hard-rock underground miner Barminco, has formally been awarded a contract by Panoramic Resources at the Savannah Project in the Kimberley, after receiving preferred contractor status last month (see ASX release dated 30 January 2020).

Under the circa $200 million contract, Barminco will undertake mine development, production, and haulage over a three-year term at the nickel-copper-cobalt project, with approximately 170 people expected to be employed.

Barminco has been in discussions with Panoramic over recent weeks to develop a mobilisation plan and contract mining is expected to commence in early March 2020.

The newer mining fleet to be supplied by Barminco is expected to deliver enhanced equipment reliability. Together with Barminco’s proven expertise and operating systems, this is expected to significantly increase operational efficiencies and drive production volumes towards targeted levels.

Barminco has commenced offering roles to the majority of the existing Panoramic underground mining and maintenance workforce at Savannah, with specialist expertise and supervision roles being introduced from the Barminco portfolio.

Panoramic Managing Director and CEO, Victor Rajasooriar, commented: “The execution of a mining contract with leading underground services provider, Barminco, represents a significant step forward for the Savannah Nickel Mine and Panoramic. We now look forward to delivering a rapid and efficient transition to Barminco run operations. With their proven expertise, we are confident that underground mining productivities at Savannah are set to improve significantly over the coming months.”

Perenti Managing Director Mark Norwell said: “We are pleased to have been formally awarded the contract and look forward to working closely with Panoramic to deliver on this project.”

For more information please download the full ASX announcement here.

Ausdrill has been awarded $79m in new contracts for a range of exploration and production drill & blast works

Posted on 1 January 2020 by admin

We’re pleased to announce that we’ve recently been awarded $79m in new contracts for a range of exploration and production drill & blast works both in Queensland and Western Australia.

The projects are across multiple commodities and for both new and existing clients, reflecting our diverse capabilities and our focus on delivering value and certainty to our customers.

Ausdrill continues to provide our clients with safe, productive and quality drilling outcomes with our innovative range of custom-built drill rigs.

Our two new CAT MD6310 drill rigs are already up and running at the Middlemount project in Queensland, with another few diamond rigs making its way to Queensland later this month as the team and fleet numbers grow in the region. The team is excited to have new equipment to operate, whilst delivering a full turnkey drill and blast contract for our client.

If you’re interested in working in one of these new projects or more generally for a leading mining contractor, visit our careers page at www.ausdrill.com.au/working-with-us

Barminco successfully pilots Remote Operations Centre – BROC

Posted on 3 December 2019 by admin

Leading underground mining services provider Barminco, a subsidiary of Perenti, has successfully piloted a new operations centre that allows it to remotely operate underground equipment on a client’s mine site anywhere around the world.

In what the company believes is a world first, Barminco operated a machine, working underground, from its head office in Perth at a client mine site in the Goldfields.

The innovation was made more impressive given the remote operation occurred via the internet, instead of through a fibre-optic cable, which is the method that mine owner-operators have historically used.

Barminco Chief Executive Officer Paul Muller announced the momentous achievement at the third annual Sandvik Digitalization in Mining Event in Brisbane.

“Barminco has cemented its place as one of the world’s leading underground mining service providers through the use of technology and automation,” Mr Muller said.

“A key strategic initiative under our parent company, Perenti’s, 2025 strategy is to deliver a ‘technology driven future’, and our ability to remotely operate underground machinery from our head office is a significant achievement in delivering on that strategy.”

The Barminco Remote Operating Centre or BROC was successfully trialled in collaboration with Sandvik and Independence Group NL (IGO) back in July of this year.

The new system was trialled in the early morning at Barminco’s Head Office in Hazlemere (Perth, Western Australia) for a machine located at IGO’s Nova Minesite, almost 1000 kilometres away.

Barminco General Manager Technology and Innovation Darren Kwok said the trial was a great success.

“Whilst many mine sites have operators remotely operating equipment from the mine’s surface, we are one of the first, if not the first service provider, to operate underground equipment on a client’s site from a much greater distance,” Mr Kwok said.

“BROC enables us to connect multiple sites and operators at the same time, meaning if there is an issue at any point, we have contingencies in place.”

Barminco’s first trial involved the remote operation of a Sandvik LH517 loader being operated in Perth by Barminco employee, Guy Gilbert and Mr Kwok said Barminco was now working with IGO to make BROC a permanent fixture at their Nova mine site.

“The advantages in improving the safety of our workplace and the efficiencies for our clients are enormous,” Mr Kwok said.

Independence Group Chief Operating Officer Matt Dusci said the Company was thrilled to be part of the successful trial.

“At IGO, we continually look for ways to improve how we do business and deliver operational excellence. By integrating innovative SMART solutions at our operations, such as working with Barminco on BROC, we improve the safety and wellbeing of our people, realise step change opportunities, and optimise efficiencies and productivity,” Mr Dusci said.

“Our future plan is to have a dedicated remote operating centre manned 24/7 where our team and our client’s people can work collaboratively side by side to deliver a world class mine-site,” Mr Kwok said.

“Clients who work with Barminco should expect more from our business along with the broader Perenti group of companies and BROC is one such example of how we are delivering on this promise.”

The Sandvik event concludes tomorrow and showcases best practice examples of industry leaders integrating digitalization into their operations across the mining, construction and quarrying industries.

The announcement comes just over a week after Barminco was awarded Large Employer of the Year 2019 at the National Australian Training Awards in Brisbane.

The award acknowledges a company which is focused on upskilling and advancing its employees and we were recognised for our leading focus on ensuring our employees are the best they can be.

Barminco named ‘Australia’s Large Employer of the Year 2019’ at the Australian Training Awards

Posted on 22 November 2019 by admin

Brian Finlay, Group Mgr Training and Patrick Bourke, GM Safety and People accepting the award

Perenti company Barminco was named ‘Australia’s Large Employer of the Year 2019’ at the National Australian Training Awards in Brisbane. This award recognises a company which is focused on upskilling employees.

Barminco Chief Executive Officer Paul Muller said it was an honour to be recognised.

“Our vision is to be the world’s leading hard rock underground mining service provider, and our people are at the core of that vision”.

“We are aiming to significantly increase the size of our business in the next five years in what is a highly competitive labour market and our focus is firmly on training and our integrated people strategy.”

“It is wonderful to be recognised nationally for our work in this area”, Mr Muller said.

Barminco was established in Coolgardie 30 years ago with just 30 employees and today has 3,900 employees across 22 projects in 8 countries and 4 continents.

Key elements of Barminco’s training strategy are the Barminco Training Centres, the first of which has just opened in its Hazelmere head office in Western Australia, with a second facility being replicated on a larger scale in Botswana that is due to open shortly.

“These unique facilities replicate what it is like to be underground. There is a focus on operational skills and they utilise technology to offer customised virtual reality scenarios for all the different underground jobs”, said Barminco’s General Manager, Safety and People, Patrick Bourke.

“This is a game-changer for us as it ensures new employees go to site with a much better understanding of the underground environment so they are safer and can operate more efficiently.”

“Barminco’s focus on training people extends to several other programs, including its successful apprenticeship program that has been running for more than 20 years and its unique leadership program designed to provide career progression for employees, a key retention tool to develop and progress staff into management roles.”

Mr Bourke said Barminco’s rapid growth was down to the people the Company employed and therefore investment in their training was essential.

“We are extremely proud of our innovative training programs and it has made an enormous difference to our business.”

Barminco was one of three named finalists for the 2019 Australian Training Award – Large Employer of the Year, following a win for the same category at the WA Awards in September.