PRZOOM - /newswire/ -
Sydney, Australia, 2017/02/09 - CIMIC Group’s global mining services provider, Thiess, has secured a new contract with client Cakrawala Langit Sejahtera (CLS) and a contract extension that continues building on Thiess’ partnership with Bayan Resources Group - Thiess.com / CPBCon.com.au. ASX: CIM
The contracts have a combined value of A$134 million (US$101 million) and will be delivered over 15-months, through a unique mining solution developed by Thiess (thiess.com) for these adjoining pits located in Indonesia’s South Kalimantan region. Thiess will share resources across the Arutmin-owned, CLS-managed Satui and Bayan’s Wahana coal mines, and has undertaken the mine planning and engineering to develop these two mines as a single operation.
CIMIC Group Chief Executive Officer Adolfo Valderas said: “Thiess’ innovative approach will ensure the best outcome for both our clients, providing greater value and further enhancing our position in Indonesia.”
CIMIC’s Group Executive Mining and Mineral Processing and Thiess Managing Director Michael Wright said: “This solution enables us to maximise coal recovery and extend the reserves of our clients’ operations. This is a significant achievement for Thiess, and we are pleased to continue to build relationships based on the value we bring to clients. We look forward to working with CLS, and continuing our successful partnership with the Bayan Resources Group.”
Contact: Ms Marta Olba - Group Manager Investor Relations
T: +61(2) 9925 6134
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC Group has operations that have been in existence since 1934, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia. CIMIC provides construction, mining, mineral processing, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in more than 20 countries throughout the Asia Pacific, the Middle East, North and South America and Sub-Saharan Africa and, as at 31 December 2016, employed approximately 50,500 people directly and through its investments.