Thiess win Oyu Tolgoi contract

Thiess has been awarded the first underground decline project at the Mongolian Oyu Tolgoi mine.

Thiess will operate the contract,  which comprises construction of a box cut and development of twin declines, incorporating both a service and conveyor tunnel, in a joint venture with local contractor Khishig Arvin

The work will generate around revenues of around $130 million, of which Thiess’ share is 80 per cent.

Commenting on the win, Thiess parent company CIMIC executive chairman Marcelin Fernandez Verdes stated, “This project is key to unlocking Oyu Tolgoi’s potential and is a great addition to Thiess; diverse mining portfolio.”

Thiess managing director Michael Wright added the contractor will leverage off its experienced teams in the country.

Wright went on to state Thiess’ focus on local capabilities is “integral to our approach, and with the assistance of our partnership with Khisig Arvin, more than 90 per cent of our workforce will be Mongolian personnel.”

Work is slated to being this month, and scheduled for completion in 2020.

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