Thiess has won a $230 million one-year contract extension at Glencore’s Mt Owen coal mine which will see the contractor continue full services at the site until 2016.
The mine, located halfway between Singleton and Muswellbrook is has been operated by Thiess for over 17 years.
Thiess managing director Bruce Munro said the contract extension highlighted the strong relationship between the contractor and Glencore.
“This extension confirms the durability of this longstanding relationship and Thiess will continue to work with Glencore to deliver greater productivity” Munro said.
Producing around 8.2 million tonnes of coal per annum, Thiess say the Mt Owen mine is its largest coal mining operation in NSW.
According to Glencore the 73 jobs equates to almost 20 per cent of the mine’s workforce.
A spokesperson said the Mount Owen job cuts were a response to ‘‘difficult market conditions’’.
A spokesperson for Thiess said Mount Owen was ‘‘decreasing total coal production by scaling back some of its operating areas in response to industry-wide pressures, including a lower coal price’’.
The Thiess spokesperson added that some of its employees would be affected by the changes and that the company is “making every effort to proactively consult with the workforce to ensure they have a full range of support services’’.