Perenti

We are pleased to announce our underground mining business, Barminco, has signed a contract to undertake underground development and ground support for Barrick-operated Nevada Gold Mines (NGM) at the Goldrush Project in Nevada, USA. Nevada is the leading U.S. state in gold production and NGM is a joint venture between Barrick (61.5%) and Newmont Corporation (38.5%) who combined their significant assets across Nevada in 2019. In total, the NGM JV represents the largest gold-producing complex in the world and contains 10 underground mines and 12 surface mines. Mark Norwell, Managing Director & Chief Executive Officer of Perenti said “Securing the Goldrush underground project is an excellent achievement by our Barminco North America team. The Nevada Gold Mines JV is a leading gold mining complex, operating in areas with mining history since the mid-1800s. Fellow Perenti business, Swick has operated in the USA since 2009 and shared valuable experience with Barminco, demonstrating the combined strength of our group. Consequently, we are very pleased to be awarded this project and continue our strategic expansion into the North American market.” Gabrielle Iwanow, President of Contract Mining at Perenti said “The North American market is the largest hard rock, underground mining market in the world and this is Barminco’s first project in the USA. This win represents a milestone achievement for Barminco and our Contract Mining team as we execute our growth strategy. With an expanded operational footprint in North America, Barminco looks forward to continuing safe and productive operations for our clients in both the USA and Canada.” Read this ASX announcement and more at https://lnkd.in/gAsgpxy7 #mining #markets #investing

We are pleased to announce that through our underground mining business Barminco we have extended the current contract with Regis Resources Ltd for the provision of underground mining services at the Duketon Operations in the Goldfields region of Western Australia. The extended agreement, which adds an additional contract value of ~A$180 million, provides long-term visibility and certainty for both parties. Mark Norwell, Managing Director & CEO of Perenti said, "We strongly believe that collaborative and long-term client relationships create enduring value. The Barminco and Regis alliance agreement enables a framework for value creation and planning certainty for both parties. We are very pleased and appreciative to extend this agreement for another year and look forward to continuing to work with Regis." Gabrielle Iwanow, President of Contract Mining at Perenti said, “Having recently visited both Garden Well and Rosemont to spend time with the team and see the quality of operations, I’m pleased that Regis and Barminco have agreed to extending the alliance for an additional year. Regis is one of Australia’s leading gold producers and we have developed a strong working relationship with them at their Duketon Operations. Barminco was proudly founded in Western Australia, and we continue to work closely with our clients around the world and here at home to deliver certainty and value.” See this ASX release and more at https://lnkd.in/ghd_9BH8 #mining #markets #investing

Our Senior Legal Counsel and Company Secretary, Justine Passaportis, featured in today's The Australian Financial Review, highlighting the mining industry's growing commitment to paid parental leave. Perenti’s parental leave policy is something our Managing Director & CEO Mark Norwell is incredibly proud of. “It positions us as leaders among mining contractors in Australia and sends a clear message to our people that we value and support them during one of life’s most important times,” Mark says. “The positive feedback we’ve received from our team reaffirms that this approach is making a real difference with more than 98% of our employees returning to work after taking parental leave.” “We are constantly looking for ways to enhance our policies to ensure they meet the needs of our people, strengthening our commitment to supporting all employees in balancing work and family life.” “The policy, which applies to our Australian workforce, also supports our goal of inclusion and increasing female participation across our businesses. It is just one way in which we are building a more inclusive and diverse workplace.”    #mining #employeeengagement #parentalleave https://lnkd.in/grUDDqHa

We are pleased to announce the execution of new contracts and an extension to an existing contract for several of our businesses – Barminco, Ranger Drilling, DDH1 Drilling and Strike Drilling. In total, these contracts are expected to contribute revenue of approximately $185 million and are consistent with our expectations to meet FY25 guidance. Mark Norwell, Managing Director & Chief Executive Officer of Perenti said “I’m proud to see the ongoing effort from the team being rewarded with both new and extended contracts. “These contracts reflect Perenti’s diverse range of services across the mining value chain. We pride ourselves on working with our clients to find solutions that deliver value and certainty over the long term.” Learn more at https://lnkd.in/gZiKxAKn #investing #miningindustry

Last weekend, we came together to celebrate what truly makes Perenti special—our incredible people and their families. Through the Perenti Kids' Christmas Party we say heartfelt thank you to everyone who supports us and brings joy to our lives beyond work hours. We welcomed colleagues and their loved ones from across the business. The event was enjoyed by all those who attended with rides, music, and the delicious aromas of food trucks, ice cream vans, and cotton candy shops — non-stop treats for all! Highlights of the day included fair rides, water slides, Santa's Workshop and live music, keeping young and old entertained for the duration of the event. As the year comes to an end, we extend our thanks to all our people for their hard work and dedication throughout the year. We also express our thanks and appreciation to the families of our employees for their support and understanding during the year. Have a safe and happy holiday season. #thankyou #employeeengagement

At Perenti, our commitment to delivering operational excellence for our clients remains at the forefront. As part of this commitment, our Technical Performance team provides in-depth governance audits designed to support compliance and best practice for our partners across the mining industry globally. Our team conducted a Traffic Management Audit for IGO’s Nova mine, addressing new requirements under the Western Australian Work Health and Safety (Mines) Regulations 2022. Conrad Russo, IGO Superintendent, Work Health & Safety at Nova Nickel Operations, shared his experience: “With the changes to the Western Australian Mining Legislation, IGO wanted an independent review to evaluate whether there were any gaps in our Principal Mining Hazard for ‘Roads or other areas where mobile plant operate’. Perenti Technical Performance were immediately aligned on the potential exposure and leveraged their technical expertise to promptly deliver a robust Traffic Management Audit." Thank you to the IGO Ltd team for the opportunity to support your journey toward compliant operations. Our goal is to provide the insights needed to identify and mitigate risk while driving sustainable success across all of our projects. #mining #operations #audit

We are still buzzing from IMARC, a conference packed with insights, collaborations and advances in mine electrification and technology. Darren Kwok wrapped up Perenti marathon at IMARC as part of a panel that discussed ‘Pioneering the Path to Net Zero: Strategic Priorities for Leading Mining Companies’. Darren shared the stage with Brian Huff (Sandvik VP of New Technologies) and Meheroop Chopra (Head of Green Power, Fortescue) and highlighted the importance of collaboration and harnessing the data: 🤝 Collaboration with like-minded clients and partners is essential for impactful progress in decarbonisation and electrification 📊 Our global underground mining experience provides valuable data and insights to optimise mine design and operation 🛠️ With our broad capabilities, we are actively supporting and driving this industry transformation ⏰ The time to act is now, and we encourage everyone to be part of this journey Our journey continues and we look forward to forging new collaborations. Thank you all. Let's do it again next year! #mining #collaboration #energytransition

We are pleased that international credit rating agency S&P Global has upgraded Perenti’s credit rating from ‘BB (positive)’ to ‘BB+ (stable)’. This upgrade comes after a similar upgrade from Moody’s announced on 2 October 2024. Perenti is now rated only one level below investment grade by S&P, Moody’s and Fitch. According to S&P press release, the outlook reflects "expectation that Perenti will continue to expand its contract book, while renewal rates will remain strong. Accordingly, we believe the company will sustain its solid operating performance while maintaining low leverage and prudent financial policies.” Michael Ellis, Chief Financial Officer of Perenti said “Receiving a second credit rating upgrade within the same month is further evidence of the increased scale, diversification and quality of Perenti’s earnings profile. The upgrade is directly related to the ongoing delivery of our 2025 Strategy.” #mining #investing

Our Managing Director & CEO Mark Norwell was interviewed by the dynamic Holly Ransom at this year’s International Mining and Resources Conference (IMARC) in Sydney. Holly and Mark delved into some crucial topics that are shaping the future of the industry with several key takeaways: · Collaboration is critical: Driving significant change in decarbonisation and electrification requires us to work together with clients and partners who share our vision. By leveraging collective expertise and resources, we can make a greater impact. · Operational experience and expertise is essential: Our extensive underground mining experience across multiple countries, commodities, and clients has equipped us with the know-how and data to optimise mine design and operations. · Alignment to deliver shared value: Our trusted, collaborative experience gives us the unique opportunity to support and actively contribute to the positive future of the mining industry. Focusing on decarbonisation, productivity, and capital efficiency, we are well-positioned to partner with clients to achieve their goals and create mutual value. · Transformation: By leveraging our diverse capabilities across contract mining, drilling, mining services and technology we are actively supporting and enabling this transformation. The time to move is now, and we should all be part of this journey. A big thank you to Holly for the engaging discussion and to everyone at IMARC for hosting such an inspiring event. Let’s continue to drive positive change in our industry! #mining #electrification #innovation #energytransition

  Hello from IMARC 2024! 👋 It’s been great to see the interest in sessions featuring Perenti speakers and to welcome many attendees to our Perenti Hub (booth P21) on the exhibition floor.”   💡 Paul Linabury delivered an insightful keynote presentation on understanding how to electrify your mine, backed with case study data.   👏 Sarah Coleman shared a thought-provoking vision of what mining will look like with idoba’s DiiMOS - distributed, integrated, and intelligent management operating systems.   We can't wait to hear more from all the speakers and panelists at International Mining and Resources Conference (IMARC) and to continue the conversations! #mining #innovation #investing