What we're working on
Perenti increases work in hand
Perenti has secured the following new work and contract extensions: • $70 million, six-month contract for the continuation of underground development and production works at the Regis Resources Garden Well and Rosemont underground gold mines. Barminco and Regis continue to progress collaboratively towards further and material contract extensions at these two mines. • $27 million, […]
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Perenti awarded US$235 million contract expansion at Motheo
Perenti is pleased to announce our surface mining business in Africa, African Mining Services (AMS), has been awarded the contract for open pit mining services at the Sandfire Resources A4 open pit within the larger Motheo Copper Mine in Ghanzi, Botswana. The contract is valued at US$235 million (~A$360 million) over a term of 73 […]
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Perenti delivers record financial performance in FY23
Perenti has delivered record FY23 financial results, headlined by record revenue and record underlying earnings. The sustained improvement in financial and operational performance has placed Perenti in a strong financial position, which enabled the announcement in June 2023 of the value accretive acquisition of Australian-based drilling business DDH1, with final completion expected in October 2023. […]
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Perenti and DDH1 – Continued creation of enduring value
Perenti has announced that it has entered into an agreement under which it will acquire 100% of the issued share capital of DDH1 Limited subject to satisfaction of conditions. DDH1 brings significant capability across a range of specialised surface and underground drilling services that complement Perenti’s existing service offering. Perenti will benefit from increased scale, […]
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IGO awards Cosmos electrification study to Perenti and ABB collaboration
Perenti and ABB, in collaboration, have been awarded an inaugural contract by IGO Ltd to undertake a study for the full underground electrification of IGO’s Cosmos Nickel Project. The electrification study is a significant step in IGO’s commitment to continuously improving its sustainability performance by trialling new technologies and decarbonising its operations, helping to create […]
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Perenti Strategy Briefing and Business Update June 2023
Perenti has provided an update on progress against our 2025 Strategy including a positive business update, the release of sustainability imperatives and priorities, an update to our 2025 targets and an updated Capital Management Policy. Positive Business Outlook As announced 21 February 2023, Perenti expected FY23 revenue of $2.8 billion to $2.9 billion, EBIT(A) of […]
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Perenti secures a new five year contract with Newmont at the Subika underground mine
Perenti is pleased to announce that through its UMA joint venture, its subsidiary African Underground Mining Services (AUMS) has been awarded a new, 60-month contract at the Newmont Subika underground gold mine in Ghana. The contract is effective from 1 January 2023. UMA is a joint venture between Perenti’s subsidiary, AUMS and Rocksure International, a […]
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Perenti secures contract extension at Red Chris in Canada
Perenti subsidiary Barminco has been awarded a 12-month contract extension at Newcrest Mining’s Red Chris mine in British Columbia, Canada. Since June 2021, Barminco has continued to progress the development of an underground exploration decline, an essential first stage of works that will provide a platform for future underground exploration activities, and which may also […]
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Perenti secures a contract extension at IGO’s Flying Fox mine
Perenti is pleased to announce that our subsidiary Barminco, has been awarded a nine-month contract extension at the Flying Fox mine which is owned and operated by IGO Limited. The contract extension is effective from 1 January 2023 and has a value of approximately $30 million over the nine-month term. IGO’s 100% owned Forrestania Operation […]
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Perenti committed to achieve gender balance in signing up to 40:40 Vision
In celebration of International Women’s Day 2023 and the focus on #embracingequity, we are pleased to announce Perenti has signed up to the 40:40 Vision, and in doing so, we have committed to achieve gender balance in our Board and executive leadership by 2030. Perenti’s commitment to 40:40 is a pledge to have Board and […]
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