Australian contract miner Perenti has taken its work won in Botswana’s copper belt in the past four years to nearly US$1.3 billion with its latest $235 million deal with Sandfire Resources.
Perenti will develop and mine the Motheo A4 openpit for Sandfire over about six years, starting this month. A4 is about 8km west of the T3 pit Perenti began working on in 2021 under a US$496m contract.
It said T3 and A4 were expected to be operated as a larger, integrated mining operation, producing operating synergies and scale benefits.
“The primary synergies include the optimisation of existing infrastructure, mining equipment, maintenance facilities and both technical and operational management,” the contractor said.
CEO Mark Norwell said Sandfire was among Perenti’s largest clients.
“Over the term of the combined contracts, the T3 and A4 openpits are expected to generate total revenue of over A$1.1 billion, delivering strong returns for Perenti and its shareholders,” he said.
Perenti won a five-year, US$554m underground mining contract with Khoemacau Copper Mining in 2019. The Zone 5 mine is also on the Kalahari copper belt.