CIMIC Group’s global mining services provider, Thiess, has secured two Indonesian coal mining contracts with a total value of approximately A$737 million. The contracts, which were announced in the last week, apply to coal mines in the East Kalimantan region.
Thiess has secured a contract extension at Harum Energy’s Mahakam Sumber Jaya (MSJ) Coal Mine with further revenues of $A300 million. It has also been awarded a new contract at the Gunung Bara Utama (GBU) Coal Mine in West Kurai region generating total revenue of approximately A$437 million.
The MSJ extension will run until March 2021 and extends CIMIC’s Group’s successful 13-year mine development and operations at the operation.
Harum, one of Indonesia’s first private coal miners, has been operating for more than 20 years. The company produces more than 3 million tonnes of coal per annum from its mines in the East Kalimantan region.
CIMIC Group CEO Adolfo Valderas said, “This extension reflects Thiess’ ability to continue growing our mining business globally, with the team delivering sustainable solutions for our clients.”
CIMIC Group executive Mining and Mineral Processing and Thiess managing director Douglas Thompson said, “I’m delighted to be extending our partnership with our long-term client, Harum Energy, building on a strong track record of performance at the mine.
“I’m looking forward to our strong team in Indonesia continuing to deliver industry-leading safety and productivities, providing enduring value for our client into the future.”
Under the new GBU contract, Thiess will deliver total mining solutions from 2017 until 2024.
Adolfo Valderas said: “This new contract in Indonesia demonstrates how Thiess is continuing to expand mining operations by establishing valuable partnerships with our mining clients.”
Douglas Thompson said: “Our mining business is in a strong position, which is reinforced by this new contract.
“We’re excited to partner with GBU to deliver on its strategic and operational objectives, leveraging our established innovative and proven mining solutions in the region.”
CIMIC Group is one of the world’s leading international contractors and the world’s largest contract miner. It has operations that have been in existence since 1899, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia.
CIMIC provides construction, mining, mineral processing, 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, North and South America and Sub-Saharan Africa and, as at June 30, 2017, employed approximately 52,300 people directly and through its investments.
CIMIC Group