The CIMIC Group has entered into a sale agreement with Elliott Advisors to divest a 50 per cent equity interest in the world’s largest mining services provider, Thiess.
Thiess will continue to provide mining services at BHP Mitsubishi Alliance’s (BMA) Caval Ridge coal operation in Queensland following a $110 million extension.
CIMIC Group is in the final stage of negotiations with a new investor in Thiess as it looks to offload a 50 per cent stake in the mining services company.
Thiess has secured a $340 million contract extension with Glencore to provide mining services at the Mt Owen coal operations in the Hunter Valley, New South Wales.
Thiess has mobilised a second Epiroc Pit Viper 275 drill fitted with an autonomous drilling system at Bowen Basin Coal’s Lake Vermont project in Queensland.
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.
Thiess has collaborated with Caterpillar and WesTrac to trial autonomous drilling at the Mount Pleasant coal mine operation in New South Wales.
Coronado Global Resources is set to restart all tyre and wheel rim fitting activities at the Curragh coal mine in Queensland following an incident in January.
Coronado Global Resources plans to suspend operations at the Curragh mine in Queensland until Friday at the earliest.
Coronado Global Resources has suspended operations at the Curragh mine complex near Blackwater, Queensland following an incident.
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.
Thiess’ Hunter Valley-based Mt Owen team has collaborated with local company, Nivek Industries, to take the heavy lifting out of daily maintenance operations.
NRW Holdings has received about $72 million worth of work from Coronado Curragh, with the largest package being a $50 million addition to its existing contract at the Curragh coal mine in Queensland.
Thiess has secured a $172 million contract extension from Bayan Resources to expand the miner’s coal operations at Melak in East Kalimantan, Indonesia.
CIMIC Group has won a $90 million contract with Australia Pacific LNG to deliver over 300 coal seam gas wells in the Surat Basin, Queensland.
CIMIC Group has cited its mining contracts as a key factor in the company’s growth throughout 2018.
In aligning the Mt Owen coal mine with NSW Minerals Council ‘Reshape’ vision, one team member shed 59 kilograms in one year.
CIMIC Group company Sedgman has been awarded a $155 million minerals processing contract at QCoal’s Byerwen coal mine in Central Queensland.
Thiess has secured a $150 million contract extension at BHP Billiton Mitsubishi Alliance’s (BMA) Caval Ridge coal mine in the Bowen Basin, Queensland.