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BRIEF-Perenti Global Updates On African Mining Services Operations

Published 02/12/2019, 12:14 pm
Updated 02/12/2019, 12:22 pm
BRIEF-Perenti Global Updates On African Mining Services Operations
PRN
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Dec 2 (Reuters) - Perenti Global Ltd PRN.AX :

* PERENTI GLOBAL LTD - UPDATE ON AFRICAN MINING SERVICES OPERATIONS

* PERENTI GLOBAL LTD - COMBINED NPAT CONTRIBUTION FROM BISSA & BOUNGOU CONTINUED OPERATIONS IS NOT MATERIAL TO CO'S FY20 UNDERLYING NPAT GUIDANCE

* PERENTI GLOBAL LTD - AMS HAS FINISHED DEMOBILISING ITS WORKFORCE FROM BOUNGOU MINE IN BURKINA FASO VIA HELICOPTER

* PERENTI GLOBAL LTD - CO HAS TAKEN DECISION TO EXIT AMS BISSA CONTRACT IN NORTHERN BURKINA FASO

* PERENTI GLOBAL LTD - IF BOTH BOUNGOU & BISSA ARE TERMINATED, PLANNED CAPITAL EXPENDITURE OF $10 MILLION IN FY20 AT THOSE SITES WILL ALSO BE REMOVED

* PERENTI GLOBAL LTD - TOTAL WRITTEN DOWN VALUE OF PPE ACROSS BISSA AND BOUNGOU SITES IS CIRCA $85 MILLION

* PERENTI GLOBAL LTD - AMS IN DISCUSSION WITH GHANA MANGANESE CO REGARDING TEMPORARY SUSPENSION OF OPERATIONS AT ITS NSUTA SITE IN GHANA

* PERENTI GLOBAL LTD - AMS WILL GIVE NORDGOLD OPPORTUNITY TO BUY OR HIRE PROPERTY, PLANT & EQUIPMENT, INCLUDING INVENTORY DEPLOYED AT THESE PROJECTS

* PERENTI GLOBAL LTD - PERENTI WILL CONTINUE TO OPERATE SANBRADO, SIOU AND YARAMOKO SITES

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