Tag: AngloGold Ashanti

AUMS, through UMA JV secures A$1B Obuasi mining contract with AngloGold Ashanti

Posted on by prnadmin

We are pleased to announce that African Underground Mining Services Limited (AUMS) via the Underground Mining Alliance joint venture, has signed a new five-year contract for delivery of underground mining services at the Obuasi Gold Mine for AngloGold Ashanti.

Obuasi is in the Ashanti region of Ghana and AUMS has a history of operation at the Obuasi mine since February 2019. 

Contract details include: 

  • Contract value: Circa A$1,020 million. 
  • Contract term: 60 months from 1 February 2025. 
  • Services: Underground development, production and related mining services. 
  • Capital requirement: No new growth capital required as AGA provides major capital expenditure. 

Mark Norwell, Managing Director & Chief Executive Officer of Perenti, stated, “We are pleased to sign the Obuasi contract with AngloGold Ashanti (AGA) for an additional five years. We highly value our relationship with AGA and look forward to continuing and deepening our positive working relationship. This agreement is a testament to the reliability and value provided by our Contract Mining division. Our extensive operational experience and the scale of our global underground business enables us to consistently deliver enduring value and certainty to our clients and shareholders.”  

Gabrielle Iwanow, President of Contract Mining at Perenti said “Our relationship with AngloGold Ashanti is of great importance to our Contract Mining division. As one of the world’s largest gold miners, we are proud to work alongside them in a collaborative manner. We look forward to continuing to grow our relationship with them over the years ahead and supporting them to meet their business objectives.” 

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Perenti secures A$420 million of contract extensions

Posted on by prnadmin

Perenti has announced its underground mining businesses have been awarded contract extensions valued at ~A$420 million. The contract extensions include:

  • A 12-month ~$125 million contract extension to continue underground development and production works at the Gold Fields Agnew underground gold mine.
  • A 12-month ~A$180 million contract extension at the AngloGold Ashanti plc’s Obuasi underground gold mine in Ghana.
  • A 2-year ~A$115 million, contract extension of existing underground development and production works at the Roxgold Inc. Yaramoko underground gold mine in Burkina Faso. Importantly, under the terms of the contract, no new growth capital is required for the execution of this contract extension.

Mark Norwell, Managing Director & Chief Executive Officer of Perenti said, “We pride ourselves on our enduring relationships, so we are especially pleased to be continuing our relationship with these long-term clients. Our Contract Mining division is now led by Gabrielle Iwanow and will continue to focus on safely delivering for our clients and on our strategic objectives. I look forward to providing an update on the business, including the excellent progress we have made on the integration of DDH1, as part of our 1H23 results which will be released to the market in February.”

Gabrielle Iwanow, President Contract Mining said, “In my first few weeks at Perenti, I have been very impressed with the team’s technical capability and the operational performance that they deliver to our clients. I believe that it is these factors that underpin the strength and depth of our relationships.

“With these contract awards combined with those previously announced, namely ~A$360 million related to the Sandfire Resources A4 project in Botswana and a further A$111 million related to three Australian surface and underground contract awards, the team has secured nearly A$900 million of revenue for the business.

“I am very proud to be leading and supporting the Contract Mining team as we collectively work towards delivering our 2025 strategic objectives.”