WA contractors Monadelphous and Perenti both enjoyed improved revenues during the first half of the financial year, but labour and productivity constraints continue to hamper the sector.
Perenti business idoba is partnering with Japan's Sumitomo Corporation to create sustainable mining services products while completing two local acquisitions.
Perenti will sell its geochemical and precious metal analyses subsidiary to competitor ALS for $43.6 million as part of a reassessment of its operations.
Mining services company Perenti Global has delivered a solid annual result after dealing with the impact of COVID-19, labour shortages and currency movements.
Ian Cochrane, one of Perth's most respected corporate lawyers and company directors, has passed away. Aged just 67 years, Mr Cochrane had been battling cancer for nearly two years.
Shares in Perenti have tumbled today as the mining services business informed shareholders that wage growth, high turnover and a strong Australian dollar were impacting the business' financial outlook.
Perenti's underlying profitability took a $16 million hit in the six months to December, as COVID-19 and the strong Australian dollar weighed on the mining services business.
Perenti subsidiary Barminco has secured $540 million in contracts this month, with its most recent award being an extension of works with Melbourne-based MMG.
Mining services provider Perenti has secured its second major contract for the month after receiving an extension of works for a goldminer operating in Burkina Faso.
Mining contractor Perenti has reported record revenue of $2 billion and solid profit for the full year, with the news sending its shares up by as much as 15 per cent.
Mining contractor Perenti has released a lower full-year earnings guidance, sending its shares down 10 per cent at the ASX open, despite bringing back a $15 million interim payout.
Perenti Global has put dividends on hold to boost its financial position in response to the COVID-19 pandemic, but says the virus has not yet affected the business.
Infrastructure group Downer EDI's possible sale of its mining business to Perenti Global has been suspended due to the market volatility caused by the coronavirus pandemic.
Perenti Global subsidiary Barminco has received a letter of intent from Canada-based Barrick Gold to provide underground mining services at the Hemlo mine in north western Ontario, under a proposed
Perenti Global said it was on track to meet its earnings guidance for the full financial year despite problems in its African business denting first-half results.
Mining services provider Perenti Global has secured $155.5 million in new and extended contracts for works in Australia and Africa through its surface mining operation.
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Ghana Manganese Company has terminated its equipment hire contract with Perenti Global subsidiary African Mining Services, following a temporary suspension of the contract earlier this month.
Perenti Global will exit from two Burkina Faso operations following an ambush on its employees last month, but will continue operating three other mines in the country. The contractor also announced today several new contracts in Australia and Africa.
Australian mining contractor Perenti Global says helicopters are being used to evacuate its local workers from a West African goldmine following a deadly militia attack that killed dozens.
Perenti Global will reassess the security situation in the West African nation of Burkina Faso following a deadly attack on its employees and other local workers.
Perenti Global subsidiary Ausdrill and Fortescue Metals Group have struck separate partnership deals with hockey teams, including the national women's and men's hockey teams.
Shares in mining services company Perenti Global were up more than 6 per cent today after investment bank Gresham Partners announced an agreement to sell its $91.2 million stake.
Shares in Perenti Global, formerly Ausdrill, have surged as much as 17 per cent today, after it announced a full-year underlying net profit of $103.1 million.
Ausdrill subsidiary African Mining Services has been selected as preferred open-pit mining contractor for West African Resources' Sanbrado gold project in Burkina Faso.
Ausdrill's underground contractor subsidiary, Barminco, has been awarded a five-year underground mining services contract at a copper mine in Botswana worth around $800 million.
Ausdrill's earthmoving parts and equipment subsidiary, BTP, has been awarded a three-year contract extension worth $126 million with Peabody Australia.
Ausdrill has sacked an employee and reported them to police after discovering approximately $10 million of allegedly fraudulent payments over eight years.
