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Highlights
Perenti (ASX:PRN), a global mining services company, has strengthened its presence in the African resources sector through a major contract awarded to its joint venture subsidiary. The company, part of the ASX 200, operates across the mining lifecycle, delivering underground and surface mining, drilling services, and technology solutions. The newly secured agreement supports the mining activities of SEMAFO Burkina Faso, a subsidiary of Endeavour Mining (LSE:EDV), at the Mana complex in the Houndé Greenstone Belt.
The contract, commencing from June next year, extends Perenti's ongoing involvement in West African mining developments. The company will execute extensive underground mining works, including production and development services, over the course of the multi-year engagement.
UMS to Lead Mana Complex Development
Underground Mining Services Burkina Faso (UMS), the operational arm formed through Perenti’s joint venture, has been tasked with delivering a range of underground mining operations at the Mana complex. The project is focused on the Siou and Wana prospects, both known for the presence of high-grade gold.
UMS builds upon the legacy of African Underground Mining Services Burkina Faso, which has been providing services at the Mana site since operations began several years ago. The continuity and expansion of the project reflect long-term collaboration between Perenti and its international partners.
Endeavour Partnership to Drive Local and Operational Value
Perenti has emphasised the importance of its collaboration with Endeavour Mining and local partners in Burkina Faso. The new contract with SEMAFO Burkina Faso not only enables technical advancement but also underlines efforts to support local employment and procurement.
The joint venture includes a partnership with Dynamic Mining Supply, a local firm contributing to the broader community and operational ecosystem. The arrangement aims to develop mining capabilities in the region while sustaining existing infrastructure and employment frameworks.
Leaders within Perenti noted the strategic value of the contract, aligning with the group’s broader operational and financial objectives. The focus remains on delivering efficient underground mining services that align with client needs and regional development goals.
ASX 200 Company Reinforces Global Footprint
Perenti’s expansion in Burkina Faso reinforces its standing as a key mining services provider on the global stage. As a constituent of the ASX 200, the company maintains an international portfolio across several continents, with particular strength in underground and surface mining delivery.
This contract marks a new chapter in the firm’s long-term association with the Mana complex, underlining its commitment to sustainable operations and reliable mining service delivery. The partnership with Endeavour Mining (LSE:EDV) through its subsidiary SEMAFO Burkina Faso ensures alignment with experienced operators in one of Africa’s prominent gold-producing regions.
Perenti (ASX:PRN) remains focused on enhancing its operational framework through long-standing joint ventures and continued development of mining infrastructure in emerging resource markets.
