Barminco announced in a stateme...
A leading global hard-rock underground mining services provider has extended a major underground contract in Australia.
Barminco announced in a statement this week that it had been awarded two four-year contracts at the Agnew gold mine by Gold Fields. The contracts extend each of the company’s existing underground mining services and diamond drilling contracts through to 2022 and have a combined value of around A$335mn.
Barminco will provide underground mining services at the Agnew gold mine, including development and production activities at the company’s Waroonga mine. Barminco will also provide diamond drilling and Waroonga and New Holland.
Barminco Chief Executive Officer Paul Muller said the contracts extended Barminco’s long-standing relationship with Gold Fields.
“These contracts will see Barminco extend its years of continuous service at Agnew to 12 years, having commenced operations at Agnew in 2010. Over that time, we have completed approximately 50 kilometers of development and 2.5mn tonnes of production,” Mr Muller said.
“We are very pleased to have secured these extensions and look forward to working with Gold Fields to continue driving safe and efficient production at the Agnew gold mine.”
Gold Fields Executive Vice President Australasia, Stuart Matthews, said: “We have developed a strong relationship with Barminco over the years at Agnew and are pleased to be extending it further.
The Agnew mine continues to be a strong performer in the Gold Fields group, exceeding both production and cost guidance last year, whilst also increasing reserves. We are committed to ongoing investment to maintain its life and production profile, with a further $25 million exploration program underway at Agnew this year, and investment in key infrastructure projects, including the new accommodation camp for our employees and contractors.”