Perenti delivers solid results in-line with expectations Posted on February 22, 2022February 22, 2022 by prnadmin Perenti has delivered solid financial and operational results for the six months ended 31 December 2021 that reflect significant revenue growth despite the continued COVID-19 challenges, while progressing the ramp-up of several growth projects and taking proactive portfolio and capital management measures to generate cash and support sustainable leverage reduction. Mark Norwell, Managing Director and CEO of Perenti, said: “We are pleased with the overall performance of the Group over the last six months. The business has delivered solid consolidated results that show an improvement on the prior half and are consistent with guidance despite the continuation, and in some cases worsening, of macro-economic and operating conditions. “Labour has remained tight, supply chains have continued to see disruptions, and the impacts of COVID-19 have arguably worsened both domestically and internationally. Yet despite this, our people have remained resilient which is absolutely appreciated by all of our Executives and the Board. “Impressively, we welcomed almost 1,000 additional employees into the business, we continued to see improvements in our AMS business reflecting the positive outcomes of our recent strategic review and remained focused on delivering on our commitments while creating enduring value for all stakeholders. “Looking ahead to the remainder of FY22, we expect the current macro-economic landscape to persist until the end of FY22 but remain confident in Perenti’s ability to continue to deliver on our commitments to our employees, our clients, our suppliers and our shareholders.” To the full Perenti 1H22 Results media release.
idoba collaborates with Sumitomo Corporation under MOU Posted on February 9, 2022February 9, 2022 by prnadmin idoba, Perenti’s technology driven products and services business, has been operating under a Memorandum of Understanding with Sumitomo Corporation for the co-creation and joint development of digital mining products for the advancement of sustainable mining practices. Sumitomo is a major investment and trading group, consisting of over 900 companies in 112 countries. Sumitomo will leverage its global mining industry network to bring a unique user perspective that will complement Perenti and idoba’s mining services and technology expertise. Under the terms of the MOU, Sumitomo and idoba will collaborate and jointly develop digital mining services, including mining process optimisation and carbon footprint management.• Mining process optimisation – by connecting and analysing mine performance data to predict future performance and provide decision support; and• Carbon footprint management – to generate predictive decision guidance that will help mine owners on their pathway to net zero carbon equivalent emissions, while optimising cashflow and performance against global emission standards. Mark Norwell, Managing Director and CEO of Perenti, said, “Our agreement with Sumitomo is a vote of confidence in idoba’s industry-leading capability. The combination of Sumitomo, idoba and our contract mining expertise will support our business evolving to meet the needs of the ever-changing mining industry and global expectations. “In idoba we are building an innovation-based business with a focus on helping clients achieve operational excellence and world’s-best environmental performance through product and service development.” Sarah Coleman, Chief Executive Officer of idoba, said, “The mining industry recognises the value that advanced digital technologies bring to operational performance, asset efficiency and sustainable business. “The MOU with Sumitomo will help us expand our suite of technology driven products and services to meet the mining industry’s demand for technology and sustainability to be integrated with mining domain expertise, and a human-centred approach.” Read the full ASX release here.
idoba grows capability with Orelogy and Atomorphis aquisitions Posted on February 9, 2022February 9, 2022 by prnadmin idoba’s strategic acquisitions of two complementary businesses, Orelogy and Atomorphis, are aligned with Perenti’s strategy of establishing digital, innovation and technology services that improve sustainability and operational performance outcomes for the mining industry. Orelogy are specialist resource consultants with multi-commodity expertise across resource sector project development and management, mine planning and cost modelling optimisation, as well as pre-feasibility and feasibility studies. Orelogy has a track record of delivering significant value across a range of projects and commodities. Atomorphis is a resource sector data science group that delivers agent-based software modelling capability. Agent-based modelling is the next iteration in Discrete Event Simulation. Their solutions include modelling mine fleet variability in 3D using parameters such as loading rates, payload, spotting and dumping times. This provides mining companies with the ability to model their operations and see the true impact of fleet interactions, increasing productivity and reducing costs. Mark Norwell, Managing Director and CEO of Perenti, said, “We are extremely pleased to add agile and innovative businesses like Orelogy and Atomorphis into Perenti. The expertise of Orelogy and Atomorphis will add value to our contract mining business and as part of idoba will continue building out the required capability in support of our strategy. “In idoba we are building an innovation-based business with a focus on helping clients achieve operational excellence and world’s-best environmental performance through product and service development.” Sarah Coleman, Chief Executive Officer of idoba, said, “The mining industry recognises the value that advanced digital technologies bring to operational performance, asset efficiency and sustainable business. “The acquisitions of Orelogy and Atomorphis will help us expand our suite of technology driven products and services to meet the mining industry’s demand for technology and sustainability to be integrated with mining domain expertise, and a human-centred approach.” Read the full ASX release here.
