Subway mining contractor Barminco, part of the Perenti Group, will continue to lead operations at the Agnew deposit after signing an agreement valued at A$500 million with Gold Fields Limited.
A new long-term commitment at Agnew Mine
Located near Leinster in Western Australia’s mining region, the Agnew deposit represents one of Gold Fields’ most important assets. This new agreement extends for 36 months the services that Barminco has been providing since 2010, including subway development, mine mine production and related operations. The renewal includes an additional 12-month option and covers a team of more than 300 workers.
For more than three decades, Perenti and Gold Fields have had a solid business relationship that has generated sustainable and secure projects. Mark Norwell, CEO of Perenti, highlighted the importance of maintaining long-term contracts with strategic clients, which ensures stable revenues and confidence in execution.
Gabrielle Iwanow, President of Contract Mining at Perenti, highlighted the progress made at Agnew thanks to the performance of the local team. Barminco has accelerated the pace of development in recent years, positioning itself as a key partner in Gold Fields’ mining strategy.
The investment required to execute the contract is already included in Perenti’s fiscal 2025 capital guidance. This reaffirms the company’s strategic planning and commitment to financial and operational efficiency in the Australian subway mining sector.
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Source and photo: Perenti
