Barminco contract extended at Sunrise Dam

Underground mining services provider Barminco Holdings Limited (Barminco) has announced it has been awarded a five-year contract extension at Sunrise Dam by AngloGold Ashanti Australia Ltd (AngloGold) which, based on the current mining schedule, is worth approximately $700 million.

Barminco has partnered with AngloGold Ashanti at Sunrise Dam since the commencement of underground operations in 2003, when the first portal was cut, and plans are now in place to increase annual production well beyond the current rate of approximately 3 million tonnes per annum.

Barminco Chief Executive Officer Paul Muller said the company had worked hard to fully optimise productivity and efficiency, and deliver industry-leading safety and operational performance at the Sunrise Dam mine.

“This contract extension speaks volumes about our commitment to AngloGold, the relationship we have built with them and the results that have been delivered at Sunrise Dam over the past 15 years,” he said. “We are very pleased to extend our relationship and continue work to achieve our shared vision with AngloGold to further increase annual production using our latest equipment and cutting-edge technologies.”

“A culture of operational excellence drives the mining strategy at Sunrise Dam where we are targeting world-leading productivity to deliver a long-life operation with consistent cash returns,” said Michael Erickson, Senior Vice President Australia, AngloGold Ashanti.

“This contract extension demonstrates the commitment and strong working relationship that AngloGold Ashanti and Barminco have built over many years of mining challenges while continuing to significantly improve safety and productivity.”