Skip to main content

Perenti finalises Savannah Nickel Project contract

Published by
Global Mining Review,


Perenti Global Ltd has announced its subsidiary, leading hard-rock underground miner Barminco, has finalised a contract with Panoramic Resources Ltd for development and production works at their Savannah Nickel Project in the Kimberley region of Western Australia.

The finalised contract represents a value of approximately AUS$280 million over a 4-year contract term.

Under the terms of the initial letter of intent, announced on the 6 April 2021, Barminco commenced mobilisation and early mining works ahead of the schedule. With finalisation of the contract, Barminco expects development and production works will ramp-up over the coming 6 months to achieve full run rate of revenue early in 3Q22.

Perenti’s Managing Director and CEO, Mark Norwell, said: “We look forward to working together with the team at Panoramic to develop what we all expect will be, Australia’s next long-life nickel producing mine.

“Despite the challenging labour market conditions in Western Australia, we have been successful in mobilising a labour force of approximately 110 highly skilled underground employees. We expect this to increase to 170 as the project ramps-up. Securing this labour force has enabled us to commence early works ahead of schedule. We look forward to providing a safe and efficient service while delivering value and certainty for Panoramic.”

Read the article online at: https://www.globalminingreview.com/finance-business/12072021/perenti-finalises-savannah-nickel-project-contract/

You might also like

Request for Qualification for the Selection of Concessionaires of the Delineated Bitumen Blocks

The Federal Government of Nigeria, through the Ministry of Mines and Steel Development, seeks suitably qualified local and international investors with pre-requisite experience, technological expertise, and financial capacity, through a transparent and competitive bidding process, to carry-out bitumen development to a meaningful extraction-level under a public-private partnership arrangement.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Australian mining news Nickel mining news