Barminco secures $180m contract extension
Perenti (ASX: PRN) has extended its existing contract with Regis Resources (ASX: RRL) for the provision of underground mining services at the Duketon operations in the Goldfields region of WA.The initial 2024 agreement had a term of three years and a mechanism to extend by a further 12-month period on a rolling basis. The latest contract extension will see Barminco deliver services at Duketon until at least March 30, 2029.Perenti managing director and chief executive Mark Norwell comments on the extension.“This extension reflects the strength of our long-standing relationship with Regis and the consistent performance delivered by our team at Duketon,” he said.Perenti contract mining president Gabrielle Iwanow says she is pleased that Regis and Barminco have agreed to extend the alliance at the Duketon operations.“We have a strong working relationship with Regis and the alliance framework provides ongoing planning certainty for both parties, enabling us to continue delivering safe, reliable production,” she said.“Barminco remains committed to working closely with our clients, both locally and globally, to create long-term value.”The extension will not require any new growth capital, according to Perenti.
