Gold and Silver

Perenti contract extends AngloGold Ashanti relationship

Perenti contract extends AngloGold Ashanti relationship
Mining News Pro - AngloGold Ashanti has awarded a $470 million contract for mining services to a Perenti Global joint venture (JV) at the Iduapriem gold mine in Ghana.
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AMAX is a 60:40 JV between Perenti’s surface mining business African Mining Services (AMS) and Ghanaian mining services company MAXMASS.

In line with the JV, Perenti will earn $280 million over the contract.

Perenti managing director and chief executive officer Mark Norwell said AMS was well-trusted by AngloGold Ashanti.

“We’re delighted to be extending our relationship with our long-standing client, AngloGold Ashanti,” Norwell said.

“AMS has a reputation for delivering excellence while generating enduring value and certainty for stakeholders, and the award of this new contract at a site where AMS has previously operated for AngloGold Ashanti provides further support for that reputation.”

The contract should employ around 475 local Ghanaian workers.

Perenti Mining chief executive officer Paul Muller said the company was excited to welcome MAXMASS to Iduapriem.

“We have provided mining services at Iduapriem gold mine since 2012, establishing a successful partnership with AngloGold Ashanti,” Muller said.

“We look forward to continuing to strengthen this partnership and also welcome the opportunity to work with our newest joint venture partner, MAXMASS.”

Muller said the mine’s benefits to the region were important to all companies involved.

“We have a strong commitment to support and build local capability to generate social and economic value for the regions in which we operate,” he said.

“Under this contract, and through the AMAX joint venture, we expect to continue to support the many local businesses that have become important suppliers and contractors to our operations under previous contracts.”

In June, AMS was handed a similarly sizeable contract for open pit mining services at Sandfire Resources’ Motheo copper project in Botswana.

The Motheo contract was worth $648 million over seven years and three months, allowing Perenti to continue growing its footprint in Africa.


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