Sumitomo invests A$5.4 million for 10% stake in Perenti’s idoba mining technology business
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Sumitomo invests A$5.4 million for 10% stake in Perenti’s idoba mining technology business
August 22, 2022

Perenti Global Ltd, the owner of contract mining major Barminco and drill services company Ausdrill, has announced that it has successfully executed a share sale agreement in relation to a strategic investment by Sumitomo Corporation in idoba Pty Ltd, Perenti’s technology informed services business. The transaction further strengthens Sumitomo’s commitment to the idoba business, following the[…]