CIMIC Group’s global mining contractor Thiess has been awarded a four-year contract extension by Energy Resources LLC at the Ukhaa Khudag (UHG) coal mine in Mongolia. The contract extension will deliver Thiess with up to $1 billion of revenue during the next seven years.
The extension complements the current eight year agreement signed in 2008 and results in Thiess continuing mine operations and maintenance delivery until 2022.
Thiess is responsible for mining services at the UHG mine, including fleet operation and maintenance for overburden stripping, coal mining and blast drilling under an alliance structure, with involvement also in mine planning and health, safety and environmental management.
CIMIC executive chairman and CEO Marcelino Fernandez Verdes said, “This contract reinforces the positive working relationship between CIMIC’s global contractor Thiess and Energy Resources LLC over many years.
“It demonstrates Thiess’ ability to deliver world-class mining solutions to our clients across our global platform, irrespective of location.”
Thiess managing director Michael Wright said, “The extension at UHG coal mine is testament to Thiess’ strong performance at the mine since it started in 2008.
“We are delighted to extend our partnership with Energy Resources and to continue our focus on delivering cost efficiencies and innovation at the UHG mine. It is the quality of our people, and their commitment to safety and operational efficiencies that drives value for our client.”
CIMIC Group was founded in Australia in 1949 and is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC, previously known as Leighton Holdings, was listed on the ASX in 1962 and has its head office in Sydney, Australia.
CIMIC provides construction, mining, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in more than 20 countries throughout the Asia Pacific, the Middle East and Southern Africa and employs around 25,000 people.