Investment.com -stock of Australian service provider in Perenti Global Ltd (ASX: PRN) increased sharply on Monday after the company received a big contract from underground exploitation in Burkina -faso.
Perenti shares increased by 4.1% to 1,640 Australian dollars, before the average index of ASX 200.
Perenti said that her unit was signed a five-year contract with an effort to provide underground production services in Siu and the Mana complex in Burkina-Faso. The cost of the contract is estimated at $ 1.1 billion ($ 710 million).
The contract in Burkina-Faso was only signed a week after Perenti received a $ 1 billion contract with Anglogold Ashanti (New York: AU) to produce underground in Ghana. Earlier in May, Perenti received a $ 500 million gold mining contract with Gold Field Ltd (Jo: Gfij).
Perenti shares have increased by more than 20% in the past month thanks to the receiving contracts.
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