Thiess secures $437m coal contract

Thiess has been awarded a $437 million contract at the Gunung Bara Utama (GBU) coal mine in East Kalimantan, Indonesia.

Under the contract, CIMIC Group’s mining services provider will deliver mining solutions from 2017 until 2024.

Thiess managing director Douglas Thompson said the new contract reinforced the strength of the mining business.

“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,” Thompson said.

CIMIC chief executive officer Adolfo Valderas added: “This new contract in Indonesia demonstrates how Thiess is continuing to expand mining operations by establishing valuable partnerships with our mining clients.”

The $437 million contract adds to Thiess’ order book in Indonesia’s coal industry.

Thiess announced last week it had secured a $300 million contract extension at Harum Energy’s Mahakam Sumber Jaya (MSJ) coal mine in East Kalimantan.