Perenti Global Limited is pleased to announce that AMAX is a joint venture between Perenti’s open-pit mining operations in Africa, African Mining Services (AMS) and a leading Ghanaian mining services company. MAXMASS Limited (MAXMASS) has received a new share of approximately US$470 million. (100% shares) of the five-year contract, the contract is located at AngloGold Ashanti's Iduapriem gold mine in the western region of Ghana. Perenti's work will increase by approximately US$280 million (Perenti shares) during the contract period and is expected to begin immediately.

The structure of the new contract is a 60:40 joint venture agreement between AMS and MAXMASS, which represents AMS’s important and ongoing commitment to develop and expand the capabilities and capabilities of our local partners.

Perenti managing director and CEO Mark Norwell said that the continuous transformation of AMS, including winning high-quality projects based on sound financial and business discipline, remains a key strategic move of the Perenti 2025 Group strategy. "We are very pleased to expand our relationship with our long-term customer AngloGold Ashanti. AMS is known for providing excellence while creating lasting value and certainty for stakeholders. This new contract was awarded to the location where AngloGold Ashanti operates before AMS. This reputation is further supported. We look forward to continuing to work with AngloGold Ashanti." Perenti Mining CEO Paul Muller said that AMS has a long history of providing excellent operations and value to customers and has already provided mining services in Ghana. 30 years.

Since 2012, we have been providing open-pit mining services at the Iduapriem gold mine and have established a successful partnership with AngloGold Ashanti. We look forward to continuing to strengthen this partnership and welcome the opportunity to work with our newest joint venture partner MAXMASS.

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We are firmly committed to supporting and building local capabilities to create social and economic value for the regions in which we operate. According to this contract, and through the AMAX joint venture, we hope to continue to support many local companies that have become important suppliers and contractors for the business in our previous contracts. The joint venture is also expected to employ more than 475 Ghanaians, of which about 40% of the workforce will come from surrounding local communities, and the remaining 60% will come from other parts of Ghana.Editor/Baohongying