Thiess stocks up on Indonesian coal contracts

Thiess has got a big lump of Indonesian coal in its Christmas stocking and the contract mining heavyweight couldn’t be happier.

The company has announced A$1035 million (US$690 million) of new work in Indonesia this week, adding contract extensions for Bayan Resources and PT Cakrawala Langit Sejahtera (CLS), and expansion of an agreement with Kaltim Prima Coal (KPC), to the new five-year deal secured with thermal coal producer Bayan in East Kalimantan earlier in the week.

Thiess CEO Michael Wright said: “We are excited to continue to deliver sustainable mining outcomes for our longstanding partners Bayan and PT CLS by working the two adjacent mines.”

The KPC deal, starting in January next year, will see Thiess expand its services from land preparation, load and haul, asset management and rehabilitation, to include equipment hire and maintenance at Sangatta in East Kalimantan.

Meanwhile, Thiess also announced circa-A$250 million of new work for subsidiary CPB Contractors at Rio Tinto’s Western Range iron ore mine in the Pilbara region of Western Australia. It said the project included structural earthworks for new materials handling infrastructure at Paraburdoo.

Starting next year, the work is scheduled to be completed in 2024.

 

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