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Record first half results supported by value accretive DDH1 acquisition.

Perenti has delivered a record operational and financial performance for 1H24 building on its record FY23 financial results and continuing the positive momentum generated in the business over the past two years. The results reflect the continued disciplined implementation of our 2025 Strategy and the efforts of our 11,000 people. Mark Norwell, Managing Director & […]

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Perenti secures A$420 million of contract extensions

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

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Changes to the Perenti Group Executive Committee

Perenti is pleased to announce the following changes to our Group Executive Committee.   Gabrielle Iwanow has been appointed President of Perenti’s Contract Mining Division. Gabrielle is one of Australia’s leading mining executives with extensive experience working at senior operational and executive levels within the resources sector. Gabrielle was also named as one of the […]

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Perenti and DDH1 – Implementation of Scheme of Arrangement

Perenti is pleased to announce that the DDH1 Limited scheme of arrangement has been implemented today and Perenti has now acquired 100% of the issued share capital of DDH1. Mark Norwell, Managing Director & Chief Executive Officer of Perenti, said Perenti is pleased to welcome the DDH1 team members who are joining the Perenti Group […]

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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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Perenti first half FY23 results and business update

Perenti has released its financial and operational results to the market for the first half of FY23.   Mark Norwell, Managing Director & CEO of Perenti, said: “First and foremost, my thoughts are with the families, friends and workmates of Trevor Davis and Dylan Langridge, our colleagues who tragically lost their lives as a result […]

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Ausdrill secures contract extension at Fimiston

Perenti has announced that its subsidiary Ausdrill, has been awarded a new Australian surface contract at the Northern Star Resources owned Kalgoorlie Consolidated Gold Mines (‘KCGM’) Fimiston open pit gold mine in Kalgoorlie, Western Australia. The new circa $160 million, 60-month contract incorporates activities that commenced 1 March 2022 and will continue to March 2027. […]

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Tragic outcome in search for missing miners at Dugald River

Following a significant search and rescue operation at the Dugald River Underground Mine and further to recent announcements, it is with great sadness that Perenti advises of the tragic loss of our colleagues Trevor Davis and Dylan Langridge, the two previously missing Barminco employees. Managing Director & CEO of Perenti Mark Norwell said, “This is […]

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Further update to the incident at Dugald River

Further to our announcement yesterday, Perenti provides an update in relation to the incident at the Dugald River underground mine in Cloncurry, Queensland. Rescue efforts continued overnight as Barminco worked closely with MMG and relevant authorities to undertake and progress the search and rescue operation. The rescue team have employed the use of drones, void […]

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Perenti secures contract extension at the Mako Gold Mine in Senegal

Perenti is pleased to announce that its surface mining business in Africa, African Mining Services (AMS) has been awarded a contract extension for surface mining activities, including load and haul, drill and blast, grade control and crusher feed, at Resolute Mining’s Mako Gold Mine in Senegal. The contract is valued at approximately US$185 million over […]

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Perenti announces FY23 guidance upgrade

For the second time this financial year, we are pleased to provide an operational update and deliver an upgrade to our FY23 guidance.

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