Australian-listed contract mining major Perenti has secured A$420 million (US$275 million) of contract extensions at three gold mines in Australia and West Africa.
The company, which has a current market value around A$895 million, said it had won 12-month extensions at Gold Fields Agnew underground mine in Western Australia ($125 million) and AngloGold Ashanti’s Obuasi underground operation in Ghana ($180 million).
Canada’s Roxgold added two years to Perenti’s Yaramoko underground development and production contract ($115 million) in Burkina Faso.
New Perenti president contract mining, Gabrielle Iwanow, said with a $360 million copper contract win with Sandfire Resources in Botswana and other work, the company had secured nearly A$900 million of recent business.
Its share price has meanwhile fallen more than 10% so far in the New Year.
