Thiess, a subsidiary of Leighton (LEI) has been awarded a $1.015 billion extension to its contract to operate the Mt Owen Coal Mine in the Upper Hunter Valley. The new agreement with mine owner Xstrata Coal runs from October 2011 until the end of 2015 and includes an option to extend by a further 6 months.
Managing Director David Saxelby said the contract extension adds to a very significant series of announcements including the $5.5 billion Pakri Barwadih coal mining contract in India, making Thiess the world’s leading contract coal miner. “The extension at Mt Owen is testament to the long standing relationship with Xstrata Coal at both Mt Owen and across our other Xstrata Coal sites.” Mr Saxelby said. Mining Chief Executive Bruce Munro said the contract extension with Xstrata Coal will take Thiess’ association with Mt Owen out to 20 years and is a great example of the importance Thiess places on repeat business. “Thiess will operate a total of seven mining fleets with annual material movements of around 40 million BCM of waste and 8.5 million tonnes ROM coal at Mt Owen,” Mr Munro said.
Thiess has an annual turnover of $7 billion and $16 billion work in hand. With over 17,000 employees, it has become one of Australia’s leading and most trusted construction, mining and services companies. Thiess is a wholly owned subsidiary of Leighton Holdings Pty Ltd.
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Tags: Coal mining, LEI, Leighton, Mining Services, Thiess, Xstrata
