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FinancePerenti's AMS to sell mining fleet to AngloGold Ashanti at Iduapriem mine
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Perenti subsidiary African Mining Services (AMS), operating through the AMAX joint venture with local partner MaxMass, has agreed to sell its mining fleet to AngloGold Ashanti as part of a transition plan at the Iduapriem Gold Mine in Ghana. AMS has provided surface mining services at the open-pit mine since 2018. Under the new agreement, AMAX will continue operations for approximately six months from July 17, 2026, until the contract concludes. Upon handover, a significant portion of AMS-owned equipment will be transferred to AngloGold Ashanti. The fleet sale is expected to generate proceeds between A$30 million and A$40 million, based on an agreed valuation method. The overall contract is valued at around A$95 million. Perenti executives highlighted the deal as a strategic step in portfolio evolution and capital recycling.
Source report
AMAX will continue delivering surface mining and related services for around six months. Credit: Parilov/Shutterstock.com.
By Shree Mishra Mon, July 20, 2026 at 6:39 AM PDT | 2 min read
Perenti subsidiary African Mining Services (AMS), operating through the AMAX joint venture (JV), has agreed to sell its mining fleet to AngloGold Ashanti as part of a transition plan at the Iduapriem Gold Mine in Ghana.
Key Details
- Contract Duration: AMAX will continue providing surface mining and related services until the contract concludes, approximately six months from July 17, 2026.
- Fleet Sale: Upon contract completion, a significant portion of AMS-owned equipment at Iduapriem will be transferred to AngloGold Ashanti.
- Sale Proceeds: AMS anticipates proceeds of between A$30 million ($21 million) and A$40 million, based on a valuation method agreed in the contract.
- Contract Value: The contract is valued at approximately A$95 million.
Background
AMS has delivered services at the open-pit Iduapriem mine since 2018, in partnership with its local JV partner MaxMass.
Executive Comments
Gabrielle Iwanow, Perenti Contract Mining President, stated:
"Finalising the Iduapriem transition agreement with AngloGold Ashanti is another important step for the evolution of our contract mining portfolio. The AMS team is justifiably proud of the performance delivered at Iduapriem over the last eight years and remains committed to delivering the same professional services until the handover of operations."
Vanessa Torres, Perenti Managing Director and CEO, added:
"I am pleased we have reached an agreement for the transition at Iduapriem, reflecting AMS' long-standing record of strong operational delivery and enduring partnerships across Africa. Additionally, the agreed sale of equipment at the end of the contract provides certainty and the opportunity to recycle capital within Perenti."
Recent Developments
In April 2026, Perenti extended its contract with Regis Resources to continue providing underground mining services at the Duketon Operations in Western Australia.
This article was originally created and published by Mining Technology, a GlobalData owned brand.
Source
Yahoo FinanceWestern
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Perenti's AMS to sell mining fleet to AngloGold Ashanti at Iduapriem mine