Thiess renews $140 million contract with Glencore for Mt Owen Mine services
The world’s largest mining services provider has just cememented another lucrative contract, as it continues to provide unrivalled mining services to the global market.
Thiess has announced that it has secured a A$140 million increase to one of its contracts with one of the biggest miners in the world.
Glencore has retained the services of Thiess for the provision of coal mining services at is Mt Owen coal mine, located in the Hunter Valley region of Australia.
The Mt Owen contract is Thiess’ largest coal mining operation in New South Wales and under the variation, it will mine additional volumes following a renewed “development consent” obtained by Glencore.
As part of the contract, Thiess will provide mine planning, design and execution, drill and blast, overburden removal and coal mining services until June 2021 – where it will enter into negotiations once more for further extension opportunities.
CIMIC Group Chief Executive Officer Michael Wright said: “This award reinforces Thiess’ long-term commitment to delivering value-add solutions to Glencore at Mount Owen, and further reinforces Thiess’ strong presence in the Hunter Valley where we provide mining services at three mines.”
CIMIC Group Executive Mining and Mineral Processing and Thiess Managing Director Douglas Thompson said: “We have a proud history at Mt Owen dating back to 1994 when Thiess first built the mine. Today we continue to provide world-class services focused on safe and productive mining.”
Operated through the wholly owned Mt Owen Open Cut subsidiary, the complex consists of Mt Owen Mine, Mt Owen CHPP, Ravensworth East and Glendell Open Cut Mines.
The high-quality export thermal and semisoft coking coals are predominantly exported to South-East Asia for domestic power generation and use in steel production