- CIMIC’s mining services provider, Thiess, has been awarded a six-year $1.3 billion contract extension for the Curragh Mine
- Curragh produces a variety of coal products and in 2017 was the sixth largest coal mine in Australia by coal production
- Thiess will continue the delivery of existing scope works to Curragh
CIMIC Group’s global mining services provider, Thiess, has been awarded a six-year $1.3 billion contract extension by Coronado Global Resources.
This contract will see Thiess continue to provide its mining services at the Curragh Mine in Queensland.
Under this extension, Thiess will provide overburden removal and haulage, mining and run of mine re-handling services, equipment maintenance, and pit dewatering.
Thiess began operation at Curragh Coal Mine in 2004 with the construction of the infrastructure. Previous contracts have signed Thiess up to remove up to 49 million cubic metres of overburden and 9.3 million tonnes of coal annually.
“We are delighted to be continuing our partnership with Coronado Resources,” Thiess Managing Director Douglas Thompson said.
“Thiess has operated at Curragh for more than 15 years. Over that time we’ve developed a deep understanding of the site and its operations, helping to deliver optimal efficiency, productivity and cost performance,” he said.
The Curragh complex is located in the Bowen Basin, approximately 10 kilometres north of Blackwater in central Queensland. It has been operating since 1983, and in 2017 was the sixth largest met coal mine Australia by coal production.
It produces a variety of high quality low-ash met coal products such as hard coking coal, soft coking coal, and pulverised coal injection. All of these are exported globally to a diverse base of customer leading steelmakers.
Curragh also produces thermal coal, which is primarily sold domestically under a long-term contract to Stanwell, who operates the Queensland Stanwell Power Station.
In addition to this contract extension, Thiess will continue the delivery of its existing scope of works which include the operation and maintenance of the client-owned 1400 tonne electric rope shovel and ultra-class trucking fleet.
CIMIC shares are currently trading for $31.82 apiece in a market cap of $10.38 billion.