ASX Price $55.76 7.00%

Landmark joint venture partnership signed with PMW Industries

CSI Mining Services (CSI), wholly-owned subsidiary of Mineral Resources Limited, has formed its first joint venture partnership with 100% Indigenous-owned company PMW Industries (PMWI).

PMWI is a Traditional Owner Banjima business, with over a decade’s experience delivering rail and civil services.  Banjima Country is in the central Pilbara region of Western Australia and covers more than one million hectares of land.

CSI and PMWI have an established subcontracting relationship, delivering crushing, screening and rehabilitation services to Tier One mining companies. The new joint venture partnership strengthens this relationship, with a focus on establishing a mining services contract portfolio.

CSI Chief Executive Mike Grey said it was fantastic to continue to build on the business’ strong working partnership with PMWI.

“CSI and PMWI have been working together since 2022, including establishing an accredited Indigenous trainee program for crushing and equipment operators,” Mike said.

“We already have some great wins on the board, including upskilling 27 Indigenous trainees and achieving record tonnes crushed for a mining client.

“CSI is committed to building strong relationships with Traditional Owners and local Indigenous groups to advance economic outcomes and thrilled to team up with a Pilbara-based Indigenous company.”

Banjima Traditional Owner and PMWI Managing Director Paula White said the partnership would further empower and grow the business.

“We currently have more than 50 employees across WA, with 55% Indigenous – this is a great opportunity to grow our business and expand our capabilities,” Paula said.

The joint venture partnership ownership compromises of PMWI at 51% and CSI 49%.

CSI is a proven industry leader delivering mining, crushing, processing, materials handling and road train haulage services to some of the word’s largest mining companies.

For more information, visit the CSI Mining Services page on our website.