Barminco secures Sunrise Dam extension
ANGLOGOLD Ashanti Australia has awarded Barminco a five-year Sunrise Dam contract extension, worth $700 million.
Barminco has partnered with Anglo Gold at the Sunrise Dam gold mine, 55km south of Laverton in WA, since the commencement of underground operations in 2003 when the first portal was cut.
Plans were now in place to increase annual production well beyond the current rate of about 3 million tonnes per annum.
Barminco chief executive Paul Muller said Barminco had worked hard to fully optimise productivity and efficiency, and deliver industry-leading safety and operational performance at Sunrise Dam.
“This contract extension speaks volumes about our commitment to Anglo Gold, the relationship we have built with them and the results that have been delivered at Sunrise Dam over the past 15 years,” Mr Muller said.
“We are very pleased to extend our relationship and continue work to achieve our shared vision with Anglo Gold to further increase annual production using our latest equipment and cutting-edge technologies.”
Anglo Gold Ashanti Australia senior vice president Michael Erickson said a culture of operational excellence had driven the mining strategy at Sunrise Dam, where the company had targeted world-leading productivity to deliver a long-life operation with consistent cash returns.
“This contract extension demonstrates the commitment and strong working relationship that Anglo Gold Ashanti and Barminco have built over many years of mining challenges while continuing to significantly improve safety and productivity.”
In August, Barminco ended uncertainties about its ownership future when it announced a merger with Ausdrill, creating Australia’s second largest mining services company after CIMIC.
Ausdrill and Barminco are already joint venture partners in African Underground Mining Services.
As at 18 September, shares in Anglo Ashanti were $2.35.
Barminco has partnered with AngloGold at the Sunrise Dam gold mine since 2003.