Barminco Finance Pty Ltd USD 9.00% 01 June 2018 senior unsecured bond
Barminco is a private Australian company and is the market leader in underground hard rock development and production contract mining in Australia by number of contracts. The company was established in 1989 by founder, current shareholder and non executive director, Peter Bartlett. In August 2007, Gresham Private Equity and certain members of Barminco’s management acquired a majority interest in Barminco (60.1%), with founder Peter Bartlett retaining a significant interest (30%).
Its contract mining business involves the provision of equipment, personnel and technical expertise to conduct underground operations for producing mining companies, primarily in the gold, copper and nickel sectors as well as zinc and tin. In addition to contract mining, Barminco also provides underground diamond drilling (core sampling) services for the exploration and definition of ore reserves as well as crushing and screening services.