AngloGold awards new work at Iduapriem

AMAX has been awarded a five-year, A$470 million contract for AngloGold Ashanti's Iduapriem gold mine in western Ghana.

Staff reporter
 AngloGold's Iduapriem mine in Ghana

AngloGold's Iduapriem mine in Ghana

AMAX is a 60:40 joint venture between Perenti Global's African Mining Services and Ghanaian mining services company MAXMASS.

The contract increases Perenti's work in hand by about $280 million.

Perenti managing director Mark Norwell said the contract continued AMS' transformation.

"We're delighted to be extending our relationship with our long-standing client, AngloGold Ashanti," he said.

"AMS has a reputation for delivering excellence while generating enduring value and certainty for stakeholders and the award of this new contract at a site where AMS has previously operated for AngloGold Ashanti provides further support for that reputation."

AMS has worked in Ghana for 30 years and at Iduapriem, a circa 275,000 ounce per annum producer, since 2012.

Perenti Mining CEO Paul Muller said the company welcomed its newest partner MAXMASS.

"We have a strong commitment to support and build local capability to generate social and economic value for the regions in which we operate," he said.

"Under this contract, and through the AMAX joint venture, we expect to continue to support the many local businesses that have become important suppliers and contractors to our operations under previous contracts.

"The joint venture also expects to employ more than 475 Ghanaians with approximately 40% of the workforce employed from the surrounding local communities and the remaining 60% from other regions within Ghana."

Perenti shares closed at 86.5c on Friday on the ASX, valuing the company at $609.2 million.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.


Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.


Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.


Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.


Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.