- ASX 200- listed contractor CIMIC Group’s (CIM) global mining services provider, Thiess, has won a contract extension worth $340 million with Glencore
- Under the contract, Thiess will provide mining services to the Mount Owen Project in Hunter Valley, where it has been providing services since 1994
- The new extended contract is for 18 months and will commence in July 2021
- On market close, CIMIC is down 1.68 per cent and is trading for $19.30
ASX 200-listed contractor CIMIC Group’s (CIM) global mining services provider, Thiess, has won a contract extension worth $340 million.
The contract extension is with Glencore to provide mining services at its Mount Owen in Hunter Valley, Australia.
Under the contract, Thiess will continue to provide mine planning, design and execution, drill and blast, overburden removal and coal mining services at the mine.
The new extended contract is for 18 months and will commence in July 2021. Thiess has been providing its services at Mt Owen since 1994.
“This award reflects Thiess’ long-term commitment to provide value-add solutions for its clients,” CIMIC CEO Juan Santamaria said.
Theiss has a strong presence in the Hunter Valley, where it provides mining services to three mines.
“For more than 25 years we have delivered industry-leading, specialised mining techniques at Mt Owen, leading to higher resource recovery, increased plant efficiency and reliable material movement for our client,” Managing Director Douglas Thompson said.
“Our team looks forward to continuing our long association with Glencore and the Hunter Valley community,” he added.
On market close, CIMIC is down 1.68 per cent and is trading for $19.30 per share.