Perenti Surface Business secures more than $150 million in work

Perenti Surface Business secures more than $150 million in work • PROJECTS PEOPLE 7

Perenti is pleased to announce its Surface Mining Industry Sector Group (ISG) has been awarded $155.5 million in new and extended contracts.

Perenti Group Managing Director Mark Norwell said the contracts reflected Perenti’s ability to deliver value for its clients by performing quality work across the Group’s diverse Surface 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,” Mr Norwell said.

“These latest awards add to $165 million in surface work we announced in December 2019 and the $200 million contract we recently announced for our Underground ISG.

Perenti Surface Chief Executive Officer Scott Winter added: “Through our surface business, we continue to demonstrate our leading expertise and reputation in the sector. This has resulted in a number of contract extensions and expansions for our quality client base.”

The new work, extensions, and expansion of scope is across ten projects, with highlights including:
• A 3-year contract (with options to extend) for production drilling services with Boggabri Coal Operations (a part of Idemitsu Australia Resources Group) at its Boggabri Mine in New South Wales.
• A 3-year contract extension with a major iron ore producer for reverse circulation (RC) and grade control (GC) drilling at its Western Australian operations.
• A 12-month contract extension with Consolidated Minerals to support current mining operations and regional expansion projects.
• Expansion of services for a major mining contractor in Queensland which will double the contract value across the current three-year contract duration.
• A 12-month extension to existing works at Gold Fields’ St Ives and Granny Smith projects, which involves land and lake rigs for air core, RC and diamond drilling.
• An equipment hire agreement with E&P at Gold Fields’ Damang Mine in Ghana.

Full ASX Announcement can be downloaded here.

Savannah Underground Mining Contract Executed with Barminco

Savannah Underground Mining Contract Executed with Barminco • Savannah Nickel Mine

Perenti is pleased to announce its subsidiary, leading hard-rock underground miner Barminco, has formally been awarded a contract by Panoramic Resources at the Savannah Project in the Kimberley, after receiving preferred contractor status last month (see ASX release dated 30 January 2020).

Under the circa $200 million contract, Barminco will undertake mine development, production, and haulage over a three-year term at the nickel-copper-cobalt project, with approximately 170 people expected to be employed.

Barminco has been in discussions with Panoramic over recent weeks to develop a mobilisation plan and contract mining is expected to commence in early March 2020.

The newer mining fleet to be supplied by Barminco is expected to deliver enhanced equipment reliability. Together with Barminco’s proven expertise and operating systems, this is expected to significantly increase operational efficiencies and drive production volumes towards targeted levels.

Barminco has commenced offering roles to the majority of the existing Panoramic underground mining and maintenance workforce at Savannah, with specialist expertise and supervision roles being introduced from the Barminco portfolio.

Panoramic Managing Director and CEO, Victor Rajasooriar, commented: “The execution of a mining contract with leading underground services provider, Barminco, represents a significant step forward for the Savannah Nickel Mine and Panoramic. We now look forward to delivering a rapid and efficient transition to Barminco run operations. With their proven expertise, we are confident that underground mining productivities at Savannah are set to improve significantly over the coming months.”

Perenti Managing Director Mark Norwell said: “We are pleased to have been formally awarded the contract and look forward to working closely with Panoramic to deliver on this project.”

For more information please download the full ASX announcement here.

Ausdrill has been awarded $79m in new contracts for a range of exploration and production drill & blast works

We’re pleased to announce that we’ve recently been awarded $79m in new contracts for a range of exploration and production drill & blast works both in Queensland and Western Australia.

The projects are across multiple commodities and for both new and existing clients, reflecting our diverse capabilities and our focus on delivering value and certainty to our customers.

Ausdrill continues to provide our clients with safe, productive and quality drilling outcomes with our innovative range of custom-built drill rigs.

Our two new CAT MD6310 drill rigs are already up and running at the Middlemount project in Queensland, with another few diamond rigs making its way to Queensland later this month as the team and fleet numbers grow in the region. The team is excited to have new equipment to operate, whilst delivering a full turnkey drill and blast contract for our client.

If you’re interested in working in one of these new projects or more generally for a leading mining contractor, visit our careers page at www.ausdrill.com.au/working-with-us

Ausdrill has been awarded $79m in new contracts for a range of exploration and production drill & blast works • Ausdrill Middlemount Project January 2020
Middlemount Project, Queensland

Barminco successfully pilots Remote Operations Centre – BROC

Leading underground mining services provider Barminco, a subsidiary of Perenti, has successfully piloted a new operations centre that allows it to remotely operate underground equipment on a client’s mine site anywhere around the world.

In what the company believes is a world first, Barminco operated a machine, working underground, from its head office in Perth at a client mine site in the Goldfields. 

The innovation was made more impressive given the remote operation occurred via the internet, instead of through a fibre-optic cable, which is the method that mine owner-operators have historically used.

Barminco successfully pilots Remote Operations Centre – BROC • Operating remotely from Perth
Operating remotely from Perth

Barminco Chief Executive Officer Paul Muller announced the momentous achievement at the third annual Sandvik Digitalization in Mining Event in Brisbane.

“Barminco has cemented its place as one of the world’s leading underground mining service providers through the use of technology and automation,” Mr Muller said.

“A key strategic initiative under our parent company, Perenti’s, 2025 strategy is to deliver a ‘technology driven future’, and our ability to remotely operate underground machinery from our head office is a significant achievement in delivering on that strategy.”

The Barminco Remote Operating Centre or BROC was successfully trialled in collaboration with Sandvik and Independence Group NL (IGO) back in July of this year.

The new system was trialled in the early morning at Barminco’s Head Office in Hazlemere (Perth, Western Australia) for a machine located at IGO’s Nova Minesite, almost 1000 kilometres away.

Barminco successfully pilots Remote Operations Centre – BROC • Map PerthToNova Distance
Map Perth to Nova – Distance
Barminco successfully pilots Remote Operations Centre – BROC • Remote operations onsite at Nova 1
Remote operations onsite at Nova

Barminco General Manager Technology and Innovation Darren Kwok said the trial was a great success.

“Whilst many mine sites have operators remotely operating equipment from the mine’s surface, we are one of the first, if not the first service provider, to operate underground equipment on a client’s site from a much greater distance,” Mr Kwok said.

“BROC enables us to connect multiple sites and operators at the same time, meaning if there is an issue at any point, we have contingencies in place.”

Barminco successfully pilots Remote Operations Centre – BROC • Barminco Remote Loader Operator
Barminco Remote Loader Operator

Barminco’s first trial involved the remote operation of a Sandvik LH517 loader being operated in Perth by Barminco employee, Guy Gilbert and Mr Kwok said Barminco was now working with IGO to make BROC a permanent fixture at their Nova mine site.

“The advantages in improving the safety of our workplace and the efficiencies for our clients are enormous,” Mr Kwok said.

Barminco successfully pilots Remote Operations Centre – BROC • Surface Remote Operations at Nova
Surface Remote Operations at Nova

Independence Group Chief Operating Officer Matt Dusci said the Company was thrilled to be part of the successful trial.

“At IGO, we continually look for ways to improve how we do business and deliver operational excellence. By integrating innovative SMART solutions at our operations, such as working with Barminco on BROC, we improve the safety and wellbeing of our people, realise step change opportunities, and optimise efficiencies and productivity,” Mr Dusci said.

“Our future plan is to have a dedicated remote operating centre manned 24/7 where our team and our client’s people can work collaboratively side by side to deliver a world class mine-site,” Mr Kwok said.

“Clients who work with Barminco should expect more from our business along with the broader Perenti group of companies and BROC is one such example of how we are delivering on this promise.”

Barminco successfully pilots Remote Operations Centre – BROC • Underground remote set up at Nova
Underground remote set-up at Nova

The Sandvik event concludes tomorrow and showcases best practice examples of industry leaders integrating digitalization into their operations across the mining, construction and quarrying industries.

The announcement comes just over a week after Barminco was awarded Large Employer of the Year 2019 at the National Australian Training Awards in Brisbane.

The award acknowledges a company which is focused on upskilling and advancing its employees and we were recognised for our leading focus on ensuring our employees are the best they can be.

Barminco named ‘Australia’s Large Employer of the Year 2019’ at the Australian Training Awards

Barminco named 'Australia’s Large Employer of the Year 2019’ at the Australian Training Awards • L Brian Finlay Group Mgr Training and R Patrick Bourke GM Safety and People accepting the... 1
Brian Finlay, Group Mgr Training and Patrick Bourke, GM Safety and People accepting the award

Perenti company Barminco was named ‘Australia’s Large Employer of the Year 2019’ at the National Australian Training Awards in Brisbane. This award recognises a company which is focused on upskilling employees.

Barminco Chief Executive Officer Paul Muller said it was an honour to be recognised.

“Our vision is to be the world’s leading hard rock underground mining service provider, and our people are at the core of that vision”.

“We are aiming to significantly increase the size of our business in the next five years in what is a highly competitive labour market and our focus is firmly on training and our integrated people strategy.”

“It is wonderful to be recognised nationally for our work in this area”, Mr Muller said.

Barminco was established in Coolgardie 30 years ago with just 30 employees and today has 3,900 employees across 22 projects in 8 countries and 4 continents.

Key elements of Barminco’s training strategy are the Barminco Training Centres, the first of which has just opened in its Hazelmere head office in Western Australia, with a second facility being replicated on a larger scale in Botswana that is due to open shortly.

“These unique facilities replicate what it is like to be underground. There is a focus on operational skills and they utilise technology to offer customised virtual reality scenarios for all the different underground jobs”, said Barminco’s General Manager, Safety and People, Patrick Bourke. 

“This is a game-changer for us as it ensures new employees go to site with a much better understanding of the underground environment so they are safer and can operate more efficiently.”

“Barminco’s focus on training people extends to several other programs, including its successful apprenticeship program that has been running for more than 20 years and its unique leadership program designed to provide career progression for employees, a key retention tool to develop and progress staff into management roles.”

Mr Bourke said Barminco’s rapid growth was down to the people the Company employed and therefore investment in their training was essential.

“We are extremely proud of our innovative training programs and it has made an enormous difference to our business.”

Barminco was one of three named finalists for the 2019 Australian Training Award – Large Employer of the Year, following a win for the same category at the WA Awards in September.

Barminco named 'Australia’s Large Employer of the Year 2019’ at the Australian Training Awards • Barminco has sucessfully operated apprentiship programs for more than 20 years
Barminco has sucessfully operated apprentiship programs for more than 20 years
Barminco named 'Australia’s Large Employer of the Year 2019’ at the Australian Training Awards • The new Barminco Training Centre replicates the underground environment and provides an authent...
The new Barminco Training Centre replicates the underground environment and provides an authentic training experience
Barminco named 'Australia’s Large Employer of the Year 2019’ at the Australian Training Awards • Virtual Reality blended for effect
Virtual Reality – blended for effect

Ten up as Ausdrill renews as Hockeyroos’ Naming Rights Partner

Ten up as Ausdrill renews as Hockeyroos’ Naming Rights Partner • C3A8344

The partnership between Ausdrill and the world number two ranked Hockeyroos has been further strengthened with a new two year contract renewal that will take the partnership past a decade.

Mark Norwell Group Managing Director – Perenti and Scott Winter Chief Executive Officer – Ausdrill were at Perth Hockey Stadium with Hockey Australia Chief Executive Officer Matt Favier and the Hockeyroos to celebrate the renewal.

Ausdrill’s association with Australia’s national hockey teams first began in 2011, and its continuation as the Official Naming Rights Partner of the Hockeyroos and the Official Supporting Partner of the Kookaburras will take the partnership up to 2021.

In addition to valuable funding for the Hockeyroos and Kookaburras High Performance Program, the partnership also encompasses a range of other benefits.

Ausdrill is dedicated to supporting Hockeyroos players with career development, study and employment opportunities to assist them during and post playing hockey.

Both parties will develop a joint plan focused on promoting hockey through indigenous engagement and other community development initiatives, while also looking to promote gender diversity in mining. 

“The wonderful, longstanding and ongoing support Ausdrill and Perenti have provided to our two elite national teams has been absolutely invaluable,” said Hockey Australia CEO, Matt Favier.

“Ausdrill has shown incredible loyalty and commitment in its alliance with Hockey Australia and particularly the Hockeyroos, and we look forward to continuing to build on the partnership and strong relationships that have been forged.”

The timing of the announcement comes at a fitting time with the Hockeyroos preparing for their Olympic Qualifying Series against Russia this Friday and Saturday.

Since the start of the partnership the Hockeyroos have risen from seventh to second in the world rankings.

“The Hockeyroos are one of the most successful national sporting teams in Australia and we are proud to be part of that and to extend our partnership with them, the Kookaburras and Hockey Australia for a further two years,” said Scott Winter Chief Executive Officer of Ausdrill.

“This partnership is about supporting the teams on the pitch to help them realise their Olympic dreams as well as supporting the players off the pitch through personal development opportunities.

“This is an exciting time for the team and we wish them all the best for the Olympic qualifier this coming Friday and for the duration of our partnership.”

Ten up as Ausdrill renews as Hockeyroos’ Naming Rights Partner • C3A8271
Matt Favier – CEO Hockey Australia, Scott Winter – CEO Ausdrill, Emily Chalker, Mark Norwell – Group Managing Director Perenti, and Paul Gaudoin – Hockeyroos Coach after Ausdrill renewed their sponsorship of the Hockeyroos at a function at the Perth Hockey Stadium today, Wednesday October 23, 2019
Ten up as Ausdrill renews as Hockeyroos’ Naming Rights Partner • C3A7965
Scott Winter – CEO Ausdrill, Mark Norwell – Group Managing Director Perenti, Matt Favier – CEO Hockey Australia, Tim Cherry – General Manager of Commercial Hockeyroos, with the Hockeyroos squad
Ten up as Ausdrill renews as Hockeyroos’ Naming Rights Partner • C3A8117
Scott Winter – CEO Ausdrill with Rachael Lynch, Georgia Wilson and Grace Stewart from the Hockeyroos team

Perenti delivers on transformational year, forecasts growth in FY20

Diversified mining services company Perenti Global Limited (Perenti) (ASX: PRN) has delivered a strong result, outperforming earnings guidance for the third consecutive year whilst successfully completing the acquisition of underground mining contractor Barminco that has transformed the business.

Perenti Managing Director and CEO Mark Norwell said the FY19 results demonstrated the scale of the Group’s transformation during the year.

“This strong result demonstrates our ability to continue to deliver for our clients in the year whilst ensuring we successfully integrated the Barminco business,” Mr Norwell said.

“We have evolved from an Australian drilling business into a global mining services company, with a workforce of more than 8,000 people working at more than 50 projects across four continents.

“We have used this transformational year to build on our proud heritage by establishing a new operating model and implementing the 2025 Group strategy, with our aspiration to become the indispensable mining services company.

“Our recent group rebrand to Perenti gives us a strong and identifiable brand in the market and a platform to grow our business in the future while the evolution of our tagline to Expect More supports our aspiration and purpose, underlining our commitment to deliver for all our stakeholders.

“With a strong balance sheet and an order book that has grown to $7.0 billion after securing $3.4 billion in new and extended contracts since 1 July 2018, Perenti is well positioned for growth in FY20.”

To view the full ASX release and Annual Report visit our Investor Centre.

Introducing the new name in mining services – Perenti

Ausdrill Limited is pleased to announce that the Ausdrill Group is adopting a new brand and identity, “Perenti“. “Perenti Global Limited” will be the trading name of the Group company and listed entity and will sit above the Industry Sector Groups (ISGs); Surface Mining, Underground Mining and Investments.

The Board considers the new name and brand better reflect the Group’s status as a diversified global mining services group and provides a strong platform that will support the Group’s strategic direction and future growth ambitions. 

The Group’s Managing Director Mark Norwell said the change represents a new chapter in the Group’s proud history and is a natural step given the evolution of the business. 

“Over the past year there has been transformational change within the Group. We have doubled our revenue through the acquisition of Barminco, developed a new strategy and implemented a new operating model to set a platform for future growth.

“We have evolved from an Australian drilling company into a global mining services company that has businesses in surface mining, underground mining and mining support services (our Investment ISG). We have offices and operations in four continents across 13 countries and we employ more than 8,000 people globally.”

Mr Norwell said having a strong, identifiable brand is a critical enabler of the Group’s growth strategy.

“As a group of businesses we are resilient and agile and have the ability to embrace change, a key aspect that is directly embedded in our company principles. We also pride ourselves on successfully operating in many challenging and remote locations the world over.

“This name change is more than cosmetic, it’s an important step in culturally binding our businesses together under a common identity and it supports our new aspiration, purpose and strategy we rolled out earlier in the year,” Mr Norwell said.

Existing customer facing brand names will be retained as they are well established in their respective markets. The Ausdrill name has a long and proud history and that name will be retained for the Group’s surface drilling operations in Australia. In addition, our other iconic brands such as Barminco, BTP, AMS and more, will continue to be used in their own right.

To support the new brand and direction the Group has also evolved its tagline from Bringing More to Mining, to Expect More, underlining a commitment to all its stakeholders. 

“For the Group to achieve our aspiration and deliver our purpose we have to constantly raise the bar in everything we do. Our stakeholders, whether they are customers, suppliers, employees or the communities we operate in, should Expect More from us,” he said.

For more information visit our investor page.

Group Managing Director Mark Norwell’s presentation at Diggers and Dealers 2019

Perenti Global was the only mining services company to be presenting at Diggers & Dealers 2019. The message from our Group Managing Director Mark Norwell at the mining forum was clear. The Group has undergone transitional change over the last 12 months, doubling our revenue, bolstering our leadership team and laying the foundation blocks for future growth. These are exciting times to be part of the Group.

AMS appointed preferred open pit mining contractor at Sanbrado

The Group is pleased to announce that its wholly owned subsidiary, African Mining Services (AMS), has been selected as the preferred open-pit mining contractor by West African Resources Limited (ASX: WAF) at the Sanbrado Gold Project in Burkina Faso.

The Sanbrado Gold Project is a low-cost, high-grade operation located only 90 kilometres from the country’s capital, Ouagadougou, and is the 14th commercial gold mine in Burkina Faso in 14 years.

The project economics are robust, with Sanbrado forecast to have average annual production of 217,000oz gold at All-In Sustaining Costs of less than US$600/oz in its first five years of mine life.

The AMS scope of work includes a full suite of open pit mining services – including site preparation, drill and blast, load and haul, and maintenance works – over a five year term, generating approximately AUD$235 million in revenue under a schedule of rates contract.

AMS anticipates it will employ approximately 190 personnel at the project, with the workforce to be predominantly local. AMS expects to use a mix of new and existing equipment to deliver on the project.

AMS and West African Resources are in the process of finalising the contract terms, which will include the provision of an optional deferred payment arrangement for up to US$10m at a commercial interest rate, with works expected to commence in early CY2020.

Perenti Managing Director, Mark Norwell, said:“A key focus for the group has been to enhance our surface operations in Africa and target substantial growth opportunities across a range of commodities in select African countries.

“Being selected as preferred contractor at the Sanbrado Gold Project is a significant achievement and represents the excellent progress we are making in building on the suite of quality projects on which AMS operates in the region.”

Ausdrill Surface CEO, Scott Winter, said: “The Group has been operating in Africa for almost 30 years and we will draw on our leading expertise in open pit contract mining to deliver on this exciting new gold project for West African Resources.”

West African Resources Managing Director, Richard Hyde, said: “Sanbrado is the highest margin gold project in construction in West Africa and we are on target for approximately 300,000 ounces of gold in the first 12 months of production. We look forward to partnering with AMS to bring this fully funded project into production in mid-2020.”