AFRICAN UNDERGROUND MINING SERVICES
“We are focused on protecting the wellbeing of our people and working closely with key stakeholders so that we can continue to operate safely and effectively during this unprecedented period. “We are doing all that we can to minimise any disruption and we will continue to focus on capital management as part of our 2025 Group strategy to ensure Perenti is well positioned to deliver through all economic cycles,” he said. In August, Norwell delivered the company’s 2020 annual results and labelled the figured ‘exceptional’, considering the circumstances. The major highlights include delivery of record revenue – exceeding $2 billion for the first time – record
EBITDA, a significantly strengthened liquidity position, and the company now enters FY21 with more than $5 billion work in hand and almost $11 billion in contract rollovers and targeted tender opportunities. “To report record revenue and earnings, end the year in a stronger financial position than 12 months ago, and maintain a substantial order book is impressive, but to do so in the midst of the operational and economic challenges presented by Covid-19 is exceptional. “Underground delivered standout financial and operational performance through the Barminco and AUMS businesses across both Australia and Africa. “We also secured almost $1 billion in contact extensions and new work across our Surface and Underground
ISGs in FY20 and successfully commenced operations in attractive mining jurisdictions of Botswana and Canada,” detailed Norwell. For those in the AUMS business, its customers, and stakeholders around Africa, this news is much welcomed. The mining industry is now far from its heyday and constant investment is required to delivery worthwhile returns. Fortunately, AUMS promises to ‘create enduring value and certainty in Africa’ – something which is much needed and why the company is now recognised as the contractor of choice in Africa.
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