Perenti to exit Khoemacau copper mine in Botswana
Australian mining services group Perenti said on Tuesday that it would conclude its involvement at MMG’s Khoemacau copper mine, in Botswana, at the end of June.
The company’s underground mining arm, Barminco, has operated at Khoemacau since the mine’s development began in 2019.
“We have appreciated the opportunity to work on the Khoemacau copper mine and wish MMG well with their expansion plans,” said Perenti MD and CEO Mark Norwell.
“As outlined during our half-year results, the financial performance at Khoemacau has not met our internal performance hurdles and we must maintain our commercial discipline to enable consistent returns through economic cycles,” he explained.
“Operationally, our team has done an outstanding job, and I thank them for their persistence and dedication,” Norwell added.
Under the agreement, all on-site equipment will be sold to Khoemacau Copper Mining, a subsidiary of Hong Kong-listed MMG, with final valuations to be determined according to a pre-agreed formula.
Gabrielle Iwanow, Perenti’s president of contract mining, highlighted the long-term impact of the company’s workforce development efforts in Botswana.
“I am extremely grateful and appreciative for the efforts of the Barminco team who have delivered results at Khoemacau,” she said. “I trust that the high standard of training we initiated, including training some of the very first underground mine operators in-country, will leave a legacy for the hundreds of Batswana citizens we have worked alongside for the past six years.”
Perenti said it will continue to support the client during the transition phase to ensure a “safe and uninterrupted handover of underground operations”.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
