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Tembo Gold Corp : Tembo Announces Initial Closing of Non-Brokered Private Placement and Appointment of Ian Stalker to Advisory Board

Tembo Gold Corp : Tembo Announces Initial Closing of Non-Brokered Private Placement and Appointment of Ian Stalker to Advisory Board
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AngloGold Ashanti s Geita extension results in new Tanzania contract mining JV

AngloGold Ashanti s Geita extension results in new Tanzania contract mining JV
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Perenti lands $179m contract extension for Tanzania s Geita gold mine

What s happening with the Perenti Global (ASX:PRN) share price?

Perenti Global Ltd(ASX: PRN) share price is sliding today, down almost 1%. This comes after the ASX mining services company reported on a new contract for its subsidiary. What new contract did Perenti report? Perenti Global shares are slipping despite the company reporting a significant contract extension for its African mining subsidiary, African Underground Mining Services (AUMS). The 2-year contract extension, effective immediately, will see AUMS continue with its operations at AngloGold Ashanti’s Geita Mine in Tanzania. Perenti reported the new contract will increase its current work in hand by roughly $235 million. Geita Mine transitioned from an open-pit mine to an underground project in 2016. AUMS has provided its underground mining services since the transition.

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