Thiess wins South American contract

Thiess has won its first contract in the Americas, securing a services agreement for work at the Encuentro Oxides mine in Chile.

The $137 million agreement saw Thiess start pre-strip operations yesterday at the Antofagasta Minerals site in the Antofagasta region of Chile.

Running over four years, the project will be carried out in partnership with Emeco, who will provide the mining and ancillary fleet to support Thiess’ operations.

This is a move in a new direction for Thiess, which recently stepped out of the Mongolian region after a long-running legal dispute.

“Expanding Thiess’s strong mining service capabilities into the Americas, and leveraging our strong base in Australia and Asia, allows us to offer mining solutions to clients in the resource rich regions of North and South America, in addition to Africa where we currently work,” Thiess managing director Michael Wright said.

“We are pleased to have the opportunity to work with AMSA on their Encuentro Oxides Project. This announcement reflects positive alignment between Thiess’s global mining capabilities and the South American marketplace. We will seek to leverage this project as a first step for further growth in Chile and globally.”

Emeco CEO Ken Lewsey added: “Emeco is delighted to be working with a company the size, scale, and experience of Thiess and this partnership provides scope to explore other opportunities together.”

The Encuentro Oxides project is aiming at an annual copper production rate of 50,000 tonnes for the first five years of operation, with first production slated for the second half of next year.

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