Perenti’s subsidiary, African Underground Mining Services (AUMS), has secured a contract extension worth A$1.02 billion ($660 million) at AngloGold Ashanti’s Obuasi Gold Mine in Ghana. This five-year deal, starting February 1, 2025, will be carried out through the Underground Mining Alliance (UMA), a joint venture between AUMS and Ghana’s Rocksure International.
Strengthening Underground Mining Operations at Obuasi
The extended contract covers underground development, production, and related mining services. AngloGold Ashanti will cover major capital expenditures, so AUMS does not expect substantial new investments. This arrangement highlights the strong partnership between Perenti and AngloGold Ashanti, ensuring efficient mine operations.
Perenti CEO Mark Norwell emphasized the company’s commitment, saying, “This agreement showcases the value and reliability of our contract mining division. Our global underground expertise enables us to deliver consistent value to clients and shareholders.”
Obuasi Gold Mine: A Strategic Asset in Ghana’s Ashanti Region
Obuasi Gold Mine, located 60 km south of Kumasi, is an underground facility reaching depths of up to 1,500 meters. The mine features a processing plant with a 2.4 million tonnes per year capacity, supported by essential infrastructure including hoisting shafts and power supplied by the Volta River Authority and GridCo.
Originally opened in 1897, Obuasi ceased operations in 2014 but was revived after a positive 2017 feasibility study. Redevelopment began in 2019, with the first gold pour completed in the fourth quarter of the same year.
This contract extension marks another milestone for Perenti, reinforcing its position in underground mining services within the precious metals sector.
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