CIMIC Group executive chairman and chief executive officer Juan Santamaria said the company’s position will strengthen due to growth in Australia’s major commodity exports, over the next two years.
CIMIC Group has closed 2020 by completing the sale of a 50 per cent interest in Thiess to Elliott Advisors, with chairman Juan Santamaria saying the deal does not downplay the mining services company’s importance to the business.
CIMIC Group subsidiary Sedgman has received a $120 million contract extension at Mach Energy’s Mount Pleasant thermal coal mine in New South Wales.
CIMIC Group’s mineral processing company Sedgman has received two contract extensions for QCoal processing plants at its Sonoma and Byerwen mines in Queensland.
Thiess will continue to provide mining services at BHP Mitsubishi Alliance’s (BMA) Caval Ridge coal operation in Queensland following a $110 million extension.
Fortescue Metals Group has awarded a contract to CIMIC Group company CPB Contractors for its $US2.6 billion Iron Bridge magnetite project in the Pilbara, Western Australia.
UGL has secured construction and maintenance contracts with Rio Tinto, Roy Hill and BHP worth a combined value of more than $200 million.
CIMIC Group has flagged that it is selling a portion of Thiess’ ownership stake to London-based funds management company Elliott Advisors.
Thiess has won a $2.5 billion contract extension with Jellinbah Group for the Lake Vermont joint venture coal project in Queensland.
CIMIC Group has delivered strong results for the 2020 March quarter, with its mining operations showing growth during the recent impact of COVID-19. The company’s revenue stood at $3.3 billion in the quarter, delivering a net profit after tax of $166 million. This included a $100 million contract awarded to its subsidiary, Thiess as part … Continue reading Mining contracts strengthen CIMIC performance
Stay on top of the most popular stories on Australian Mining over the past week, including an update on the progress being made at BHP’s South Flank iron ore project in the Pilbara.
CIMIC Group mining services provider, Thiess, has been awarded a six-year, $1.3 billion contract extension by Coronado Global Resources to provide services at the Curragh coal mine in Queensland.
Macmahon has moved to replace its outgoing directors by reappointing old non-executive director, Vyril Vella.
CITIC has had its appeal case against Clive Palmer’s Mineralogy rejected, forcing the Chinese company to pay royalties from its iron ore project in Pilbara, Western Australia.
Thiess has secured a $172 million contract extension from Bayan Resources to expand the miner’s coal operations at Melak in East Kalimantan, Indonesia.
UGL has secured the latest contracts in the resources industry for parent company CIMIC Group with $200 million of extensions to supply maintenance and turnaround services for oil and gas sector clients.
CIMIC Group company Sedgman has been awarded a $155 million minerals processing contract at QCoal’s Byerwen coal mine in Central Queensland.
CIMIC has moved into 2019 with a strengthened order book of work in the coal mining industry.
Thiess will install autonomous haulage technology at Fortescue Metals Group’s Christmas Creek iron ore operation in the Pilbara, Western Australia.
Sedgman has been awarded $100 million of contracts with Mach Energy and QCoal to operate and maintain the Mount Pleasant and Byerwen coal handling and preparation plants (CHPP).