Perenti subsidiary and hard-rock underground miner Barminco has secured a development and production contract for nickel producer Western Areas’ Odysseus mine in Western Australia (WA).

The Odysseus mine is situated on a mining lease that forms part of the high-grade Cosmos nickel operation, which lies 30km north of Leinster in WA.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Valued at A$200m ($145m), the contract will be in place for five years as Western Areas aims to establish its third nickel mine at Odysseus.

The latest contract extends Barminco and Western Areas’ 15-year relationship.

Barminco CEO Paul Muller said: “We are excited to continue our relationship with the Western Areas team, which began in 2005 at Forrestania, and has now grown to include the Cosmos Nickel Operation. Odysseus is a significant project to bring on-stream, and the five-year term demonstrates the trust and confidence Western Areas has in Barminco to continuously improve and deliver for them”.

First nickel concentrate from Odysseus is expected to be delivered in the second quarter of the 2023 fiscal year (FY).

In October 2015, Western Areas acquired the Cosmos nickel operations. The company began redevelopment of the Odysseus mine in January last year.

Perenti managing director and CEOMark Norwell said: “It is fantastic that Barminco and Western Areas have extended their 15-year relationship to at least 20 years. We are very appreciative of the opportunity and we look forward to delivering value and certainty for Western Areas at their new development.”

In March this year, Barminco received a letter of intent (LoI) from Barrick Gold to provide underground contract mining services for Hemlo gold mine in Canada.

In January, Western Areas secured new contracts to supply high-grade concentrate from its Forrestania operations to BHP unit Nickel West and China’s nickel matte and cathode producer Jinchuan.