The Group is an ASX200 diversified global mining services group headquartered in Australia.
From our meagre beginning as a one-drill operation in Kalgoorlie, the Group has become one of the largest diversified global mining services companies.
The Group has built a portfolio of companies designed to provide a complete mining value chain throughout Australia, Africa and around the world.
Perenti is pleased to announce its subsidiary, leading hard-rock underground miner Barminco, has received a letter of intent from Barrick to provide underground contract mining services at Barrick’s Hemlo Mine, located in the Marathon mining district of north western Ontario, Canada.
Under the proposed three-year, approximately $200 million
mining services contract, Barminco will bring industry-leading technology and
productivity to Hemlo in support of Barrick’s goal to modernise and improve the
performance of the mine and establish it as a tier two asset within its group.
Barminco’s scope includes undertaking mine development,
production and haulage, utilising mining equipment provided by Barrick. The
company anticipates employing more than 300 people at the operation, with works
commencing in April 2020.
The Hemlo Mine has produced more than 21 Million ounces of
gold over 30 years of operation.
Perenti Group Managing Director Mark Norwell said the
contract award was another significant step in the Group’s international growth
strategy to enter attractive and stable mining jurisdictions.
“This is Barminco and Perenti’s first significant contract
in North America and builds on our regional growth capabilities, after expanding
into Botswana last year with an $800 million contract. We look forward to
supporting Barrick to deliver outstanding results at Hemlo,” Mr Norwell said.
Underground Chief Executive Officer Paul Muller said: “We are thrilled to be in a position to support Barrick to improve the performance of the Hemlo mine. We intend to work very closely with Barrick and all key stakeholders, including the incumbent workforce at Hemlo, the Pic River and Pic Mobert First Nations people and the Marathon community more generally to deliver a sustainable improvement in performance, thereby assuring the future of Hemlo.”