Perenti Global Limited (ASX: PRN) has announced that its subsidiary company Barminco has been selected as preferred contractor by Panoramic Resources at the Savannah Project in the Kimberley. The contract is worth $200 million, and the scope of the work includes mine development production, and haulage over a three-year term. The work is expected to start in March 2020. Around 170 people would be engaged and predominately new equipment shall be used to deliver the project.
At AEDT 01:01 PM, PRN shares are trading at $1.520, down 0.654% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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