Mining services group Thiess has confirmed it has extended its mining services deal with BHP Mitsubishi Alliance (BMA) and the Peak Downs coal mine in Queensland, Australia for an additional five years.
Under the terms of the contract, Thiess will continue operating and maintaining the operation’s mining equipment and move additional overburden to support BMA’s production outlines beginning in July.
Revenue to Thiess under the extension is A$700 million.
The contractor has been present at the mine since 2017.
“Our selection as preferred contractor reflects our team’s ability to develop long-term and value-adding partnerships with our clients, through our ongoing performance and a genuine commitment to delivering sustainable mining solutions,” Thiess executive chair and CEO Michael Wright said.
Peak Downs is located southeast of Moranbah in the Bowen Basin region. In operation since 1972, the open-pit mine produces high-quality steelmaking coal and is one of Australia’s largest mines by recoverable coal reserves.