Mining providers supplier Perenti’s underground mining division, Barminco, will finish its operations at international sources firm MMG’s Khoemacau Copper Mine in Botswana upon the completion of the present contract on 30 June 2025.
Barminco has been integral to the mine’s operations since its inception in 2019.
The corporate will collaborate with Khoemacau Copper Mining, a subsidiary of MMG, to facilitate a clean transition and handover by the contract’s finish date.
Perenti managing director and CEO Mark Norwell mentioned: “We now have appreciated the chance to work on the Khoemacau Copper Mine and need MMG effectively with their enlargement plans.
“As outlined throughout our half yr outcomes, the monetary efficiency at Khoemacau has not met our inside efficiency hurdles and we should keep our industrial self-discipline to allow constant returns via financial cycles.”
As stipulated within the present settlement, Barminco will promote all of its gear on the mine to MMG.
The ultimate valuation of this gear will adhere to a predetermined components outlined within the contract.
Perenti Contract Mining president Gabrielle Iwanow mentioned: “I’m extraordinarily grateful and appreciative for the efforts of the Barminco staff who’ve delivered outcomes at Khoemacau. I belief that the excessive normal of coaching we initiated, together with coaching a few of the very first underground mine operators in nation, will go away a legacy for the a whole bunch of Batswana residents we now have labored alongside for the previous six years.
“To facilitate a protected and uninterrupted handover of underground operations, we’ll proceed to assist the consumer through the coming months.”
In February 2025, Barminco secured an A$120m ($73.85m) contract with Nevada Gold Mines for the Goldrush Undertaking in Nevada, US.
“Barminco to stop Khoemacau mine operations in Botswana in June 2025” was initially created and revealed by Mining Know-how, a GlobalData owned model.
The knowledge on this website has been included in good religion for basic informational functions solely. It’s not meant to quantity to recommendation on which it’s best to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. You could get hold of skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our website.