Australian mining and drilling contractor Perenti has won a 12-month, A$90 million extension of its mine development work at Newcrest Mining-controlled Red Chris in British Columbia, Canada.
Perenti underground mining unit, Barminco, has been developing an underground exploration decline at the copper-gold mine since mid-2021. Canada’s Imperial Metals Corporation owns 30% of Red Chris and Newcrest the balance.
The project, set to become a multi-billion-dollar block cave underground operation, is an important North American beachhead for both Newcrest and Perenti.
“Our strategy in North America is to partner with tier-one operators and long-life assets, where we can add value over the long term,” Perenti CEO Mark Norwell said.
“We continue to diligently progress our North American growth strategy and have key executive management personnel based in the region to ensure we develop the right relationships and become engrained within the sector while remaining disciplined in the execution of our strategy.”