Perenti and DDH1 have entered into an agreement that will give the former company 100% of DDH1 shares, adding significant breadth to Perenti’s range of surface and underground drilling services.
The capabilities of DDH1, which Perenti said complement its existing service offerings, will allow it to realize operational and financial benefits as it pushes toward its own FY2025 targets.
The deal is subject to the satisfaction of conditions including DDH1 shareholder approval. Once complete, it will make Perenti one of the largest drilling services companies globally.
Following completion of the transaction, the DDH1 business will form part of a newly created Drilling Services Division, which will also comprise Perenti’s existing Ausdrill business. Sy Van Dyk, current managing director and CEO of DDH1, will be appointed president of the newly created division.
Each of the four existing DDH1 brands, DDH1 Drilling, Ranger Drilling, Strike Drilling and Swick Mining Services, will be maintained and led by their existing leadership teams.
Perenti Managing Director and CEO Mark Norwell said the deal is “a compelling transaction that represents an exciting next step in delivering on Perenti’s purpose, to create enduring value and certainty” by building on its portfolio of complementary businesses.
“Perenti has a long history in drilling from its Ausdrill heritage and Barminco Diamond Drilling business and understands the attractiveness of the market.
The long-term outlook for a sustained production cycle needs increased drilling spend to ensure mining reserves are not diminished, and drilling is becoming more complex, resulting in larger programs and demand for specialist services,” he added.
“DDH1 is a highly respected tier 1 global operator, with significant capabilities across a complete range of specialized surface and underground drilling services, that are complementary to our existing clients and service offering.”
In a groundbreaking industry first, Burgex has unveiled Mineralocity, a comprehensive platform offering a complete, verified and visually searchable map of all commercial mines in the United States. Developed in response to a heightened national focus on infrastructure revitalization and the emerging green economy, this cutting-edge tool is set to revolutionize the U.S. mining industry and its associated supply chains.
Boasting verified data on every commercial mine in the United States, including detailed information on their locations, commodities and production levels for select commodities, Mineralocity represents an unprecedented achievement.
“This is a landmark moment,” said Stuart Burgess, chairman and co-founder of Burgex. “Mineralocity is the first platform of its kind to provide a visually searchable map of all U.S. commercial mines, which will become an invaluable tool for making strategic, data-driven decisions and bolstering domestic supply chains as we collectively advance our infrastructure and green economy.”
The journey began with Mineralocity Aggregates, a specialized platform designed for the construction aggregate industry. After experiencing considerable success, Burgex made the strategic decision to expand, incorporating the entire U.S. mining industry. The result? A comprehensive Mineralocity platform with a widened scope aimed at providing critical insights across a broad range of commodities, thereby supporting a diverse array of businesses and spurring the development of a robust domestic supply chain.
Mineralocity is not merely a data provider; it’s a tool designed to enrich users’ research capabilities and decision-making processes. With GIS-confirmed locations of over 100 different types of mineral commodities, general geology data, nationwide parcel data, and customized drive-time analysis tools, Mineralocity ensures users stay ahead of industry trends with access to the latest data and features.
Moreover, Mineralocity acknowledges and addresses the rising importance of sustainable, localized supply chains. By offering current, detailed data on domestic mining operations, the platform empowers businesses to source materials more efficiently and sustainably. In turn, suppliers to the mining industry can better position sales teams, distribution centers, and other assets.
“Mineralocity represents a significant leap forward for the mining industry,” adds Stuart Burgess. “By offering a complete map of U.S. commercial mines, we are providing a powerful tool that will transform operations and support the broader push toward a sustainable, green economy.”