Underground mining companies contractor Barminco has secured a contract extension with Regis Assets, valued at roughly $180 million.
The deal, which has been prolonged till March 30 2028, will contain Barminco – which is beneath Perenti’s underground mining enterprise arm – persevering with to facilitate works at Regis’ Duketon gold operations within the Goldfields.
“We strongly consider that collaborative and long-term shopper relationships create enduring worth,” Perenti managing director and CEO Mark Norwell mentioned.
“The Barminco and Regis alliance settlement permits a framework for worth creation and planning certainty for each events.
“We’re more than happy and appreciative to increase this settlement for one more yr and sit up for persevering with to work with Regis.”
Thursday’s replace follows on from information in October final yr that Barminco had secured a $157 million contact at IGO’s Nova nickel mine – a spot the place it has been a fixture at since 2015.
Perenti shares have been comparatively flat at $1.35, as of 8.15am AWST.
