Coronado Global Resources will take over the management and operation of four mining fleets from Thiess at the Curragh coal mine in Queensland.
The move signals Coronado’s intent to become more responsible for safe and efficient mining operations at the 17 million tonne-per-annum operation.
Thiess will continue to own and maintain the equipment while also maintaining a Coronado-owned and managed fourth electric shovel fleet.
“These new arrangements will contribute to Coronado’s focus to continue the progress made to drive operational performance and compliance to the mine plan, thereby ensuring increased coal availability,” Coronado stated.
Thiess has provided mining services at Curragh since 2004 and will continue to operate a separate five excavator fleets until at least the end of 2025.
Coronado said it recognised the importance of maintaining the legacy of Curragh coal mine and was in a state of constant improvement.
“Coronado continues to value its strategic partnerships whilst investing in its internal resources to be more self-sufficient and drive its success,” the company stated.
“Curragh has played an important part in the Central Highlands region for nearly 40 years as an employer, business partner, and a major part of the Blackwater community.”
NRW Holdings also operates seven mining fleets at Curragh, adding the most recent one in November 2021 to bring its contract with Coronado past $1 billion.
In December, Coronado performed a staged restart of the operation following an incident which suspended all dragline operations.
The Curragh mine produces a variety of high-quality, low-ash met coal products which are exported globally to leading steelmakers.
Curragh also produces thermal coal, which is primarily sold domestically under a long-term contract to Stanwell, a Queensland government-owned entity and the operator of the Stanwell Power Station.