Perenti secures work worth $307m

Perenti has won a series of new contracts and extensions in Western Australia, including at sites held by Gold Fields, Western Areas and Consolidated Minerals.

That’s in addition to a new contract with Evolution Mining, its first to be undertaken in NSW.

Announcing the news to the ASX yesterday, Perenti confirmed it had been granted contract extensions for works at Western Area’s Flying Fox and Spotted Quoll mines, as well as Consolidated Minera’s Woodie Woodie manganese mine.

Perenti also secured new contracts at Gold Fields’ Granny Smith and Gruyere mines.

The collected value of these works is $307 million.

Chief executive Mark Norwell said the array of contract wins and extensions reflected the company’s many strengths.

“We are targeting a strong pipeline of surface and underground work and I am pleased at how we are continuing to convert these opportunities into secured contracts across a range of different projects in Australia, our largest operating country by revenue,” he said.

Shares in Perenti finished yesterday at $1.40.