Perenti’s underground mining business Barminco will continue to work on the Khoemacau copper mine in Botswana.
Khoemacau is one of the world’s highest quality copper mines, and has a strong case for expansion to meet the global copper demand. Barminco has been working at the site since 2019.
Owned by Khoemacau Copper Mining, a subsidiary of MMG, work at Khoemacau has been focused on delivering the current mine plan and exploring potential expansion opportunities.
“We are pleased to continue working at Khoemacau,” Pereni managing director and chief executive officer Mark Norwell said. “The expansion under consideration has the potential to supply increasing global demand for copper and we are proud to be working with MMG as they assess various future opportunities.”
Prenti president of contract mining Gabrielle Iwanow said the continuation of the contract would allow Barminco to continue working in a key environment.
“The continuation of this contract enables the Barminco team to continue working at Khoemacau under revised terms,” she said. “The region surrounding the operations includes multiple resources beyond the current scope.
“Cumulatively, these resources have potential to support much higher production and maintain many years of mine life. We look forward to working with MMG to continue high quality operations at Khoemacau.”
The remaining contract value is approximately $240 million, and Barminco will continue on the existing contract until June 30, 2025.
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