Posts Tagged ‘Thiess’

ASX Company News: Leighton Secures $325 million Coal Seam Gas Contract

Thursday, February 9th, 2012

Thiess, a wholly owned subsidiary of Leighton (LEI),  has won a $325 million contract from coal seam gas explorer and producer QGC Pty Limited to construct gas processing facilities for one of Australia’s largest infrastructure projects. The six field compression stations and one central processing plant, to be built about 30km north- west of Dalby in southern Queensland, represent some of the upstream facilities being developed by QGC for its Queensland Curtis LNG Project (QCLNG). The facilities will process gas for transport via an underground pipeline to Gladstone. On Curtis Island, off Gladstone, the gas will be converted into liquefied natural gas for export.

Thiess Managing Director Bruce Munro said the contract was testimony to the multi-disciplinary expertise and experience Thiess brings to such a large geographically-dispersed project. “Thiess has a culture of valuing and building long-term partnerships and we are proud to work with QGC on this project of state significance,” Mr Munro said. Work will begin in February 2012 and is expected to be completed in April next year. The project will extend Thiess’ presence in the upstream coal seam gas sector in the region where its founding fathers started the business more than 77 years ago.

Thiess has an annual turnover of $7 billion and nearly $22 billion work in hand. With over 19,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly-owned subsidiary of Leighton

www.leighton.com

http://www.traderdealer.com.au/fundamentals/lei

Post to Twitter

ASX Company News: Thiess Secures Role In NSW Electricity Supply

Tuesday, July 5th, 2011

Thiess, a subsidiary of Leighton (LEI)  is to play a more significant role in delivering electricity infrastructure in New South Wales under an alliance with one of Australia’s largest energy network providers, Ausgrid. The alliance brings together Thiess, other partners and Ausgrid as the owner participant. It will deliver transmission cable projects for Ausgrid’s five year network investment program. Ausgrid expects to provide the alliance with approximately $50 million of project work per annum with a potential value to Thiess of $210million over five years. Projects will be assigned as they become necessary and the specific terms of individual projects will be negotiated on a case by case basis. Projects include the Surry Hills to Rose Bay cable project, the Mason Park to Rozelle cable project, as well as the Willoughby to Crows Nest and North Sydney cable project.

Managing Director David Saxelby said Thiess was proud to participate in the alliance which will assist Ausgrid roll out one of the largest infrastructure programs in the nation. Ausgrid Managing Director George Maltabarow said, “About 50 percent of our major substations were built in the 1960s and 1970s, and some of our transmission cables were installed even before that. “The life span of major electrical infrastructure is around 40 or 50 years. Our electricity network has been well maintained and has performed well, however it’s now time to replace much of it from that era.

Thiess has an annual turnover of $7 billion and $22 billion work in hand. With over 17,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly owned subsidiary of Leighton Holdings Ltd.

www.leighton.com.au

http://www.traderdealer.com.au/fundamentals/lei

Post to Twitter

ASX Company News: Leighton Awarded $350 million Telstra Contract

Friday, February 11th, 2011

Thiess Services, a wholly owned subsidiary of Leighton Holdings (LEI) will benefit from a major five year Telstra contract awarded to Silcar, a joint venture company between Thiess Services and Siemens Ltd. Under the new contract, Silcar will provide Network Integrity and Facilities Management services for Telstra’s exchanges and assets nationwide under a five year agreement estimated at $350m. Silcar will undertake asset management and maintenance on Telstra’s network facilities that support its telecommunications network, including critical infrastructure such as standby power, energy and cooling systems.

Thiess Managing Director David Saxelby said the contract reaffirmed the working relationship between the two organisations was built on proven performance. “Silcar’s strong relationship with Telstra has grown over more than 10 years and this contract recognises Silcar’s advanced and reliable capabilities,” Mr Saxelby said. Thiess Services Executive General Manager and Silcar Chairman, Michael Wright, said the contract would provide Silcar with renewed opportunities to support Telstra in improving the value and sustainability of its network facilities. “Silcar will to continue to work safely and maintain the superior level of service Telstra has come to expect in the delivery of network integrity and facility management services,” Mr Wright said.

Thiess Services is a wholly owned subsidiary of Thiess Pty Ltd, and has an annual turnover of approximately $1 billion. The company provides integrated, environmentally responsible services to a range of business sectors, including water, energy, contaminated site remediation, waste management, telecommunications, infrastructure operations and maintenance, and facilities management. 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.

www.thiess-services.com.au

www.leighton.com.au

http://www.traderdealer.com.au/Fundamentals/lei

Post to Twitter

ASX Company News: Thiess Secures $1.3 billion Mining Contract

Thursday, January 20th, 2011

Thiess Pty Ltd, a subsidiary of Leighton (LEI), has been awarded a six-year $1.3 billion contract to extend mining operations at Peabody Energy Australia’s Burton Coal Mine in Queensland’s resource rich Bowen Basin. Thiess has operated the Burton Coal Mine for the past 14 years and this contract will prolong the life of mine until 2016. This new contract will allow Thiess to maintain Burton’s annual production capacity of over 2.5 million tonnes of coal per annum.

Thiess Managing Director David Saxelby said “The contract is recognition of Thiess’ position as Australia’s leading contract miner and we look forward to building on our strong relationship with Peabody in Australia.” Thiess Mining Chief Executive Bruce Munro said that the Peabody contract would see operations return to the original mining area started in 1996. “The high quality coal will be mined to a depth of up to 240 metres, making this operation the deepest open-cut operation in the Bowen Basin,” Mr Munro said.

The Burton Coal Mine extension will employ more than 500 people and will see Thiess mobilise an additional Liebherr R9800 – one of the world’s largest mining backhoe excavators – to work in tandem with the first excavator which has been operating at Burton for nine months. A fleet of Caterpillar 797 trucks, the largest in the Cat range, will service the two big excavators, emphasising the scale of the work. 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.

www.leighton.com.au

www.thiess.com.au

http://www.traderdealer.com.au/Fundamentals/lei

Post to Twitter

ASX Company News: Leighton Receives $1 billion Coal Contract Extension

Friday, December 17th, 2010

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.

www.leighton.com.au

www.thiess.com.au

http://www.traderdealer.com.au/Fundamentals/lei

Post to Twitter

ASX Company News: Leighton Secures $5.5 billion Coal Mine In India

Friday, December 3rd, 2010

Australia’s leading mining contractor Thiess has won a landmark $5.5 billion mine development and coal mining contract in India. Thiess, which is wholly owned by Leighton Holdings Ltd (LEI), will develop and operate the greenfield Pakri Barwadih coal mine for blue chip client NTPC Ltd (formerly National Thermal Power Corporation Limited) which is a Government of India enterprise and the nation’s largest electricity generator. This contract is one of the largest ever awarded by NTPC.

Pakri Barwadih will be the first of six mines NTPC Limited intends to develop to provide low cost coal for its power stations, replacing expensive imported coal. Thiess will execute the project through its 90% owned Indian joint venture company Thiess Minecs. The other 10% is held by Kolkata based Minecs Finvest Private Limited. The contract involves the construction of site infrastructure and coal processing plants during the first two years, followed by overburden removal, coal mining and operation of processing and rail loading facilities over the life of mine. Production is planned to ramp up to 15 million tones per annum over the first three years of mining and more than 300 million tonnes of coal will be mined over the contract duration, expected to be 22 years.

Managing Director David Saxelby said Thiess is the world’s largest contract coal miner and is well placed with experience and resources to meet NTPC’s requirement for a world-class coal mine. Mining Chief Executive Bruce Munro said winning the Pakri Barwadih contract is a platform on which to build a contract mining business in India and has been a long term goal for Thiess. “India has the fourth -largest coal reserves in the world and is the third largest producer. We believe this project will lead to more opportunities for Thiess in India, particularly given the strong economic growth currently occurring,” Mr Munro said.

Thiess India is a wholly owned subsidiary of Thiess Pty Ltd. Thiess India offers contract mining and construction services to various Indian companies. Thiess is the world’s largest supplier of outsourced coal mining services. Its fleet of mining and construction plant is one of the largest and most diversified in all of Australasia. Worldwide, we mine more than 67 million tonnes of coal and 8 million tonnes of ore every year, and each day our mining operations move more than 3 million tonnes of material. We operate a variety of coal and metalliferous mine sites across Australia and various countries abroad including Indonesia and India.

www.thiess.in

www.leighton.com.au

http://www.traderdealer.com.au/Fundamentals/lei

Post to Twitter

ASX Company News: Leighton Subsidiary Thiess Secures Ergon Contract

Friday, July 30th, 2010

Queensland’s Electricity provider, Ergon Energy, has selected Thiess Services, a subsidiary of Leighton (LEI) to provide network construction and maintenance services to its growing Central and Northern regions, under a five-year agreement valued at up to $100 million.

This recent contract win extends the long standing relationship between Ergon Energy and Thiess Services.  David Saxelby, Thiess’ Managing Director, said that Ergon Energy was a key strategic client and the company was excited about the opportunity to expand its service offering to these growth regions.

“I am delighted we have the opportunity to build on our solid, six year relationship with Ergon Energy and are keen to work more closely with them to deliver their vision of providing increased services to these regional communities” he said.  Thiess Services, has a national electricity distribution capability and is leading the way in areas of safety, technical training, project management and resource flexibility.  The company is ready for the new challenge, according to Thiess Services Executive General Manager,  Michael Wright.

“This contract will enable us to expand our presence in regional Queensland, and extend our current service offering. We will continue to provide the high standards of safety and service delivery that we have been able to achieve and sustain,” “Overall, we’re excited about this opportunity with Ergon Energy to help make a difference for regional people and their communities in Queensland, during this period of regional growth and development.”

www.leighton.com.au

http://www.traderdealer.com.au/Fundamentals/LEI

Post to Twitter

Thiess and Silex To Build Solar Power Plant

Tuesday, May 11th, 2010

A consortium including Leighton subsidiary (LEI), Thiess, a market leader in critical infrastructure construction and utility services and Silex Systems Ltd (SLX), an ASX listed company with world-class expertise and capability in solar technology, today publicly confirmed its interest in constructing the nation’s first solar photovoltaic (PV) power station as part of the Commonwealth’s Solar Flagship Program.

The announcement coincides with NSW Premier Kristina Keneally’s announcement that the NSW Government will contribute $120 million in funding to the project. This is in addition to the $1.5 billion commitment to the Solar Flagships Program announced by the Federal Government in 2009 which will include two PV and two solar thermal power stations. The Federal Government is expected to announce a short-list of three to four contenders for the PV power stations in the near future.

Chris Wilks, Executive Director of Silex subsidiary and consortium partner SilexSolar, said Australia has the home-grown capacity to build the new power station which will ultimately be one of the largest in the world. “The Thiess-SilexSolar consortium offers a unique all Australian bid for Solar Flagships, which will see industry research, world class development and manufacturing capability, and the consequent IP that is developed during the project, stay here in Australia for the lasting benefit of all Australians.” he said.

Mr Wilks said the Thiess-Silex Solar proposal includes the use of solar PV technology, the fastest growing energy technology in the world, and will have an expected average output of approximately 400GWh/yr. The consortium contains Australia’s only significant manufacturer of PV cells and panels, which would be wholly made at the SilexSolar plant at Homebush.

More than 1300 Australian based jobs would be created. Thiess Chief Executive Officer, Australian Operations, Nev Power said that if successful in its bid, the partnership will ensure the Solar Flagships project will directly benefit the Australian solar and construction industry, rather than seeing investment and expertise going offshore through projects put forward by off-shore companies.  “The Solar Flagships project is not only vital to developing large scale utility level solar power, but also to kick starting the local manufacturing industry, so Australia can get its share of the $40 billion worldwide solar PV industry,” Mr Power said.

The Thiess-Silex Solar consortium plans to construct a regional manufacturing facility for the assembly of panels close to the project site, maximising local content and employment. This would create an assembly and distribution hub for SilexSolar’s Australian made solar products to be delivered to the central and eastern states. Mr Wilks said many of SilexSolar’s staff have over 25 years in the industry including experience in Europe and the US, and have previously developed and delivered smaller solar power projects in Australia and South East Asia.

“We are investing heavily in the ingenuity of the Australian workforce and are well placed to commercialise Australian intellectual property rather than letting it go overseas. To aid in this we have our own Research and Development facility and a strong partnership with the ARC Photovoltaics Centre of Excellence at the University of NSW, the key centre of Australian solar energy research.  “Our already established Homebush R&D facility and manufacturing plant, the largest in the Southern Hemisphere, provides the perfect base to facilitate and house the growth in manufacturing and solar expertise this project will generate.” Mr Wilks said

www.silex.com.au

www.leighton.com.au

Post to Twitter

Leighton Wins Contract Extension With Western Power

Wednesday, April 7th, 2010

Thiess Services, a subsidiary of Leighton (LEI),  long-standing relationship with Western Power has been reaffirmed with the signing of a new performance-based contract, potentially worth up to an estimated value of $325 million over a maximum five year period, for the provision of electrical services. The agreement comprises an initial two-year period, and then three potential one-year extensions. The new contract will see Thiess Services work with Western Power to upgrade and maintain its electrical distribution network throughout metropolitan Perth and south-west regional Western Australia.

Thiess Services Executive General Manager, Michael Wright, said the new contract is a testament to the quality of service delivery, the commitment to safety and innovation, and the depth of expertise in the working relationship between Thiess Services and Western Power. “With the strength of our existing presence in Perth and the backing of our national electricity transmission and distribution capability, Thiess Services has the capacity to deliver a complete suite of distribution services to Western Power. We are excited about the incremental service enhancements and levels of innovation we can achieve together with this new contract arrangement in place,’’ Mr Wright said.

Thiess Services is a national leader in the electrical utilities sector and since 2005 has carried out maintenance upgrades and construction projects on the Western Power overhead and underground south west interconnected network. Thiess Services is a wholly owned subsidiary of Thiess Pty Ltd and has an annual turnover approaching $1 billion. The company provides integrated, cost effective and environmentally responsible services to government authorities, commercial, mining and industrial clients in a wide range of business sectors, including water, energy, contaminated site remediation, waste management, telecommunications, infrastructure operations and maintenance and facilities management.

www.thiess-services.com.au

Post to Twitter

Thiess Retains Contract With Wesfarmers Curragh

Tuesday, February 16th, 2010

Thiess, a wholly owned subsidiary of Leighton Holdings Limited,  (LEI) has secured a $800M contract from Wesfarmers Curragh Pty Ltd (WES) to continue overburden pre-strip at its Curragh North Mine in Queensland’s Bowen Basin. The company began operations at Curragh North in October 2004 and was awarded a $260 million contract extension in 2008 after exceeding production and safety targets. The new contract will see Thiess at the mine for a further ten years. Thiess will invest a further $50 million into the project by introducing a new fleet of Ultra Class trucks to complement the existing plant at the mine. The 360 tonne payload trucks will be loaded by a 110 tonne capacity electric rope shovel which will be purchased by Wesfarmers Curragh and operated and maintained by Thiess.

Welcoming today’s announcement, Managing Director David Saxelby said he was pleased the strong relationship between Thiess and Wesfarmers Curragh would continue well into the future. “We are certainly proud of our joint achievements at Curragh North. This contract not only reflects the quality of what we have been able to deliver for Wesfarmers Curragh but also our confidence in and commitment to, the resource sector.” Mr Saxelby said. Wesfarmers Resources Managing Director Stewart Butel said Thiess was awarded the long- term contract after winning a competitive tender process. “We are very pleased to be continuing the excellent relationship we have with Thiess who have undertaken infrastructure construction, overburden removal and coal mining works at our Curragh North operation and we look forward to continuing this relationship over the next 10 years,” Mr Butel said.

www.thiess.com.au

Post to Twitter