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- Perenti’s (PRN) Surface Mining Industry Sector Group has been awarded over $155 million in new and extended contracts
- Managing Director Mark Norwell considers this a reflection of Perenti’s ability to conduct work and services for its clients
- In November last year Perenti was subject to devastating headlines reporting a number of fatalities and wounded employees from an ambush in Burkina Faso
- Since then, the company has focused on contracted work within “low-risk” areas
- These contracts are for 10 projects and span between 1 and 3 years
- Perenti is up a slight 0.51 per cent with shares trading for $1.47 each
Perenti Group (PRN) has announced its Surface Mining Industry Sector Group (ISG) has been awarded $155.5 million worth of new and extended contracts.
Company Managing Director Mark Norwell believes the contracts reflect Perenti’s ability to deliver client value by performing quality work across its 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,” Mark said.
Perenti is an ASX 200-listed global mining services group which has businesses in surface mining, underground mining and mining support services.
The company was founded in 1987 in the mining town of Kalgoorlie. It now has operations in 13 countries across four continents and employs roughly 8000 professionals.
In late last year, Perenti was in the headlines of devastating news that involved many of its employees being killed or injured by an ambush in Burkina Faso, West Africa.
While Perenti continued to make caring for and supporting its workers, injured workers as well as their families a top priority, it was able to secure further contracts which were announced in December.
The new work and extensions are across 10 projects.
New contracts include a three year deal for production drilling services with Boggabri Coal operations at its Boggabri Mine, an equipment hire agreement with E&P at Gold Fields’ Damang Mine in Ghana, and an expansion of services for a major contractor in Queensland.
Extended contracts include a three year deal with a major iron ore producer for drilling in WA, a one year extension with Consolidated Minerals to support mining projects, and a one year extension to work at Gold Fields’ St Ives and Granny Smith projects.
“Through our surface business, we continue to demonstrate our leading expertise and reputation in the sector,” Perenti Surface CEOO Scott Winter said.
Perenti is up a slight 0.51 per cent with shares trading for $1.47 each at 2:56 pm AEDT.
