Barminco CEO resigns

CEO of underground hard rock mining contractor Barminco, Peter Stokes, has resigned after more than four years in the role.

“I am pleased with what has been achieved at Barminco over the past four and a half years and I feel that the time is now right to move on to the next challenge,” Stokes said.

Barminco chairman Keith Gordon thanked Stokes for his service to the company.

“Peter was keenly focused on improving productivity and efficiencies across the business, which helped enabled Barminco to refinance its debt at a lower cost,” he said.

“He also developed strong client relationships which supported the renewal of key contracts and was successful in driving a turnaround in our African Underground Mining Services joint venture.”

Gordon added that Stokes left behind a legacy of improved safety performance across the business, with the company’s LTIFR falling by 85 per cent over his tenture.

“With Barminco’s safety performance at industry leading levels, last quarter’s bond refinancing and recent contract renewals secured, Barminco is well placed for future growth,” he said.

Barminco is begun its search for a new CEO.

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