Thiess adds more coal work

Major surface mining contractor Thiess has added a new A$1.7 billion thermal coal deal in Indonesia to the $700 million extension at Peak Downs in Queensland it announced earlier this week.

Thiess said the life-of-mine contract to provide mining, rehabilitation and port management services at the PT Kapuas Tunggal Persada (KTP) and PT Global Bara Mandiri (GBM) mines marked its “return to Central Kalimantan”. It would deliver turnkey operations, including mine design and planning, drill and blast, overburden removal, load and haul, asset maintenance and management, haul road maintenance, water management, rehabilitation and port operations, over eight years.

Also starting next month, Thiess will begin a new five-year stint at the BHP Mitsubishi Alliance (BMA) operated Peak Downs coking coal operation in central Queensland. It’s been working at the site since 2017.

The world’s largest openpit mining contractor is jointly owned by CIMIC and private equity group, Elliott Advisors.


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