Diversified mining services group Perenti (ASX:PRN) reports its subsidiary Barminco has secured a 9-month contract extension for IGO’s (ASX:IGO) Flying Fox Mine, located in Western Australia.
The company reports the contract extension is effective as of 1 January 2023 and has a value of about $30 million over the 9-month term. Additionally, the contract extension will see Barminco continuing to provide all underground drilling, development, and mining activities at Flying Fox.
Commenting on the contract extension, Perenti Chief Executive Officer (CEO) and Managing Director, Mark Norwell says: “In Australia, the labour market is still tight and inflation and cost escalation remains stubbornly persistent, however strong and collaborative working relationships, like the relationship between IGO and Barminco, are key to the success of our business, as well as the success of our clients.”
“strong and collaborative working relationships, like the relationship between IGO and Barminco, are key to the success of our business, as well as the success of our clients”
In addition, President of Contract Mining, Paul Muller says: “We have a very long and proud history of operating within the Forrestania Operation and we are pleased to have delivered value and certainty at the Flying Fox mine from a greenfield development project through a mature operating mine as it is today.”
IGO’s wholly owned Forrestania Operation is located 400km to the east of Perth, Western Australia. The operation includes the Flying Fox Mine and Spotted Quoll underground nickel mines.
Perenti is a diversified mining services group with interests in contract mining, mining support services, and future technology solutions, headquartered in Perth, Western Australia. The company was founded in Kalgoorlie in 1987 and is one of the world’s ‘largest’ mining services today.
Images: Perenti Ltd
