Agency / Source: HOCHTIEF AG

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Sedgman Secures $120m Operations Contract Extension - CIMIC Group’s minerals processing company, Sedgman, has been awarded an extended operations and maintenance services contract at the Mount Pleasant mine in New South Wales - Sedgman.com / CIMIC.com.au
Sedgman Secures $120m Operations Contract Extension

 

PRZOOM - /newswire/ - Sydney, Australia, 2020/12/24 - CIMIC Group’s minerals processing company, Sedgman, has been awarded an extended operations and maintenance services contract at the Mount Pleasant mine in New South Wales - Sedgman.com / CIMIC.com.au. ASX: CIM

   
 
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Sedgman (sedgman.com) will operate and maintain MACH Energy's Mount Pleasant Coal Handling and Preparation facility for an additional three years. The extension will generate revenue of $120 million to Sedgman, bringing total revenue from the contract to $200 million.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: “Sedgman and the CIMIC Group have a strong history with MACH Energy which we’re pleased to continue. Sedgman’s leadership in minerals processing will ensure maximum resource recovery for our long-term client.”

Sedgman Managing Director Grant Fraser said: “This contract is testament to the partnership we have forged with MACH Energy, and the integration of our engineering and operations capability.”

Sedgman completed the construction of this facility and have been operating the plant since 2019.

About CIMIC Group Limited

CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.

Contact: Mr Justin Grogan, Investor Relations; T+61(2) 9925 6628.

 
 
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Agency / Source: HOCHTIEF AG

 
 

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Sedgman Secures $120m Operations Contract Extension

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Sedgman | CIMIC Group
Contact: Fiona Tyndall - CIMIC.com.au 
+61(2) 9925 6188
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any HOCHTIEF AG securities in any jurisdiction including any other companies listed or named in this release.

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