Perenti announced its Surface Mining Industry Sector Group has been awarded $155.5 million in new and extended contracts.
The company is working on a three-year contract for production drilling services at the Boggabri mine in New South Wales; three-year contract extension for reverse circulation and grade control at a Western Australian iron ore operation; 12-month contract extension with Consolidated Minerals to support current mining operations and regional expansion projects; the expansion of services for a major mining contractor in Queensland; 12-month extension to existing work at Gold Fields’ St. Ives and Granny Smith projects, which involves land and lake rigs for air core, reverse circulation and diamond drilling; and an equipment hire agreement with E&P at Gold Fields’ Damang mine in Ghana.
Perenti reported that subsidiary Barminco was awarded a three-year $200 million contract by Panoramic Resources for mine development production and haulage to include a new fleet at the underground nickel-copper-cobalt Savannah Project. The project is expected to employ 170 people. Barminco and Panoramic will develop a mobilization plan, and contract mining was calendared to begin in late Q1 2020.
Management at the mine reported execution of the contract represents a significant step. “With Barminco’s proven expertise, we are confident that underground mining productivities at Savannah are set to improve significantly over the coming months,” Victor Rajasooriar, managing director and CEO, Panoramic, said.
