Thiess win massive Mongolian coal contract extension

Thiess have been awarded a four year contract extension for work at Energy Resources’ Mongolian Ukhaa Khudag coal mine.

It is understood that it will provide up to $1 billion worth of revenue for the company over the next seven years.

This latest agreement builds upon an existing eight year agreement for work at the site which includes fleet operation and maintenance for overburden stripping, coal mining and blast drilling under an alliance structure, with involvement in mine planning and health, safety and environmental management.

CEO of Thiess parent company CIMIC, Marcelino Fernandez Verdes, said this new extension builds upon the working relationship created over close to a decade.

Thiess managing director Michael Wright said the extension at UHG coal mine is a testament to its performance at the mine since work started in 2008.

“We are delighted to extend our partnership with Energy Resources LLC 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 drive value for our client Energy Resources,” Wright said.

This win comes only a few days after Thiess won a $760 million contract to continue to operate Glencore’s Mt Owen coal mine.

 

 

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.