Thiess wins $2.3bn contract to extend mining operations in Australia

22 July 2012 (Last Updated July 22nd, 2012 18:30)

Thiess has received a $2.3bn contract from Jellinbah Group to extend mining operations at its Lake Vermont coal mine located in Queensland, Australia.

Thiess

Thiess has received a $2.3bn contract from Jellinbah Group to extend mining operations at its Lake Vermont coal mine located in Queensland, Australia.

The six-year extension is expected to increase the mine's production from the current four million tonnes to eight million tonnes per annum.

Lake Vermont Mine, owned by the Lake Vermont joint venture, is an open cut mine which produces hard coking coal and PCI coal.

Jellinbah Group holds a 70% stake in the joint venture and other co-partners include Marubeni Coal, Sojitz Coal and AMCI, which each hold a 10% stake.

Thiess' managing director Bruce Munro said, "Thiess is very proud to continue its involvement at the Lake Vermont mine where we've been working with the Jellinbah Group from the very beginning to plan, build and operate the mine."

Thiess' Australian Mining executive general manager of Michael Wright added, "We are mobilising ultra-class mining fleets to meet the increased production requirements and we are truly excited by the opportunities this brings to the people of the Dysart area."


Image: The Lake Vermont Mine is an open cut mine which produces hard coking coal and PCI coal. Photo: Thiess.