Barminco zinc work extended

PERENTI subsidiary Barminco has been awarded a A$140 million contract extension by MMG.
Barminco zinc work extended Barminco zinc work extended Barminco zinc work extended Barminco zinc work extended Barminco zinc work extended

Dugald River in Queensland

Staff reporter

The company's development and production contract at the Dugald River mine in Queensland has been extended by a further 18 months to December 2022, with two one-year options to extend further.

Barminco has been operating at Dugald River since 2012, and the extension will take Barminco's relationship with MMG to over 20 years.

"Perenti has a robust tender pipeline of $8.8 billion and our underground industry sector group has secured more the $540 million in contract extensions this financial year," Perenti managing director and CEO Mark Norwell said.

Last week, Barminco won the $200 million mining contract for Western Areas' Odysseus nickel mine, while another Perenti subsidiary African Underground Mining Services, won a $200 million contract extension at Roxgold's Yaramoko complex in Burkina Faso.

Shares in Perenti rose 5% to $1.25, valuing the company at $873 million.