CIMIC Group’s contract mining company Thiess has received a contract extension from BHP Mitsubishi Alliance (BMA) to provide mining services for the Caval Ridge project in Queensland, Australia.
With a potential term of up to five years, the new contract is effective 1 December 2022 and is expected to generate revenue of up to $600m for Thiess.
Under the contract, Thiess will provide mining services at the Caval Ridge mine, besides operating and maintaining mining equipment.
The work is expected to move overburden to meet the production needs of BMA.
Thiess executive chair and CEO Michael Wright said: “Thiess has been providing mining solutions to BMA at Caval Ridge since December 2017.
“Importantly, our team continues to have a clear commitment and focus on fostering diversity and respectful workplaces, with almost 30% of the workforce being female and 10% being Indigenous. We continue to seek opportunities to bring under-represented groups into the mining industry, and deliver sustainable mining solutions for our clients and stakeholders.”
Located in Queensland’s Bowen Basin near Moranbah, the Caval Ridge metallurgical coal mine started production in 2014.
BMA is a 50:50 partnership between Anglo-Australian miner BHP Group and Japan’s Mitsubishi Corporation.
Recently, Brixton Metals said it will receive up to C$13.9m ($10.19m) investment from BHP to advance Canada’s Thorn Copper-Gold Porphyry Project.
In exchange, BHP will secure a 19.9% stake in Brixton.