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.
In October 2018, Perenti successfully completed the acquisition of leading underground mining services contractor, Barminco Holdings Pty Limited. Barminco was acquired with borrowings of approximately $505 million and cash and cash equivalents of approximately $61 million. The acquisition was undertaken together with a $250 million equity raise which assisted to keep leverage at pre-acquisition levels.
¹ Figures are proforma underlying figures which include 100% of Barminco and AUMS, exclude amortisation and any non-underlying items. Please refer to FY19 Investor Presentation lodged with the ASX on 29 August 2019.