Major mining contractor Thiess has added to its substantial thermal coal sector exposure in Indonesia with a new A$125 million (US$83m), four-year nickel haulage contract for Weda Bay Nickel.
Weda Bay Nickel, owned 43% by France’s Eramet and 57% by Tsingshan Holding Group of China, started mining in 2019 and ferronickel output a year later. The Weda Bay openpit nickel-cobalt mine on Halmahera Island has an estimated 50-year mine life.
Thiess says its contract starts in May.
“This is our first nickel operation in Indonesia and demonstrates our ability to execute against our diversification strategy,” Thiess CEO Michael Wright said.