BGC Contracting has secured a $700m contract to provide mining and equipment maintenance services at Idemitsu Australia Resources’ Boggabri coal mine in New South Wales (NSW).
The five-year contract is set to start from 1 December.
BGC Contracting CEO Greg Heylen said: “In addition to the size of the contract, it is a significant strategic success as we seek to expand nationally into new locations and commodities, particularly in coal.”
“I am confident that our collaborative approach of working closely with our clients will ensure that Boggabri mine can maximise its performance.”
Boggabri mine is an open-cut coal operation, with production up to seven million tonnes per annum (mtpa) of saleable coal and a mine-life until 2033.
Idemitsu Australia Resources owns 80% of the project through its subsidiary company, Boggabri Coal. Chugoku Electric Power Australia Resources and NS Boggabri own 10% stake, each.
Idemitsu Australia Resources CEO Steve Kovac said that the company’s strategy for the mine’s operation had been reviewed over the past year.
Kovac added: “Our businesses have a good cultural fit, which will allow us to develop a strong, mutually beneficial relationship well into the future.”
“Having the support of a partner with the capacity and willingness to work collaboratively will deliver improved operational performance, which is paramount to the continued success of the mine.”
The company owns coal mining operations throughout Queensland and NSW.
Image: Boggabri is an open-cut coal operation. Photo: courtesy BGC Contracting Pty Ltd.