Perenti has announced that its underground mining subsidiary, Barminco, has secured a new contract to continue its underground operations at the Agnew gold mine, owned by Gold Fields, under a contract valued at approximately A$500m ($320m).
The contract commenced on 1 January 2025 and spans 36 months, with an option to extend for an additional 12 months.
Go deeper with GlobalData
The scope of the contract encompasses underground development, production and related mining services.
This agreement reaffirms Barminco’s decade-long presence at the site, where it has provided underground mining services since 2010.
Perenti managing director and CEO Mark Norwell said: “We are very pleased to be extending our relationship with Gold Fields at the Agnew Gold Mine. Gold Fields is one of our most long-standing and valued clients, with history of more than 30 years working alongside the various Perenti businesses.
“Our Australian operations are important for Barminco to deliver enduring value and certainty for our clients and shareholders. Maintaining long-term contracts with high-calibre clients such as Gold Fields supports continued delivery of reliable earnings for the business.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Agnew gold mine, located near Leinster, Western Australia, comprises multiple underground operations. The mine’s current ore sources include the Kim, Main and Rajah Lodes at the Waroonga underground complex.
Barminco employs more than 300 individuals at the mine, contributing significantly to the local economy.
Perenti Contract Mining president Gabrielle Iwanow said: “Barminco has successfully ramped up development and production at Agnew in recent years. We very much value the relationship with Gold Fields and we look forward to continuing to deliver safe and productive underground services through our highly capable team in Australia.”
Last month, Barminco announced that it will cease operations at MMG’s Khoemacau Copper Mine in Botswana after its current contract is completed in June 2025.
