Perenti’s AMS to sell mining fleet to AngloGold Ashanti

Shree Mishra

Mon, July 20, 2026 astatine 8:39 AM CDT 2 min read

Perenti subsidiary African Mining Services (AMS), operating done the AMAX associated task (JV), is acceptable to merchantability its mining fleet to AngloGold Ashanti.

The merchantability is portion of an statement signed with AngloGold Ashanti to instrumentality a modulation program astatine the Iduapriem Gold Mine successful Ghana.

AMS volition merchantability its mining fleet astatine the tract aft the existent declaration play ends.

The mining concern has delivered services astatine the open-pit Iduapriem excavation since 2018, unneurotic with its section JV spouse MaxMass.

Under the caller agreement, AMAX volition proceed to supply aboveground mining and related services until the declaration concludes, which is expected to beryllium astir six months from 17 July 2026.

Perenti declaration mining president Gabrielle Iwanow said: "Finalising the Iduapriem modulation statement with AngloGold Ashanti is different important measurement for the improvement of our declaration mining portfolio.

"The AMS squad is justifiably arrogant of the show delivered astatine Iduapriem implicit the past 8 years and remains committed to delivering the aforesaid nonrecreational services until the handover of operations."

Upon completion of the contract, a important information of the AMS-owned instrumentality astatine Iduapriem volition beryllium transferred to AngloGold Ashanti.

The valuation method for the fleet merchantability was agreed successful the contract, with AMS anticipating merchantability proceeds of betwixt A$30m ($21m) and A$40m.

The declaration has a worth of astir A$95m.

Perenti managing manager and CEO Vanessa Torres said: "I americium pleased we person reached an statement for the modulation astatine Iduapriem, reflecting AMS' long-standing grounds of beardown operational transportation and enduring partnerships crossed Africa.

"Additionally, the agreed merchantability of instrumentality astatine the extremity of the declaration provides certainty and the accidental to recycle superior wrong Perenti."

In April this year, Perenti extended its declaration with Regis Resources to proceed providing underground mining services astatine the Duketon Operations successful Western Australia.