Thiess has announced a contract extension valued at A$2.3bn ($1.5bn) over three years at Jellinbah Group's Lake Vermont Mine in Queensland's Bowen Basin.
The new agreement, which supersedes the existing contract set to expire in 2026, will now extend until June 2028.
Under the terms of the renewed contract, Thiess will continue to deliver comprehensive mining services at the Lake Vermont Mine.
These services include managing the site according to legal requirements, covering all facets of mine engineering and operations.
They also involve the upkeep and asset management of stationary and mobile equipment, restoration projects, as well as operating and maintaining Jellinbah Group's processing facility, train loading station and mining camp.
Thiess group executive chair and CEO Michael Wright said: “For nearly two decades, Thiess has worked with the Jellinbah Group to safely enhance and expand Lake Vermont Mine’s operations – driving efficiency, productivity and cost effectiveness through commodity cycles. This further extension is a testament to the strong and trusted partnership built over many years, and reflects Thiess’ track record in the safe, efficient delivery of sustainable mining solutions.”
Jellinbah awarded Thiess the initial mining contract for the Lake Vermont Mine in 2007.
Thiess not only constructed the mine infrastructure but has also been integral to the mine's expansion and operational success through multiple contract renewals.
Thiess Australia East group executive Rae O’Brien said: “Thiess is proud of the advancements we have introduced at Lake Vermont Mine over the years with the support of Jellinbah Group. These include safety innovations, world-leading autonomous drilling and semi-autonomous dozing technology, and strategic mine planning and resource optimisation, to support our client’s longer-term business outcomes.”
In a related development, Thiess has been awarded a contract extension for three years, worth approximately A$590m, to maintain its mining services at QCoal's Northern Hub in Queensland.
