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NewswireTODAY - /newswire/ -
Sydney, Australia, 2017/06/01 - CIMIC Group’s mining services provider Thiess, as part of the Roche Thiess Linfox (RTL) joint venture, has been awarded a contract to continue mining operations at the Yallourn mine, located in Victoria’s Latrobe Valley. ASX: CIM
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The alliance agreement with Energy Australia will extend RTL’s existing operations at the mine to 2026. The contract will generate revenue of approximately $450 million for RTL, of which Thiess’ share is $195 million.
CIMIC Chief Executive Officer Adolfo Valderas said: “This extension is a testament to the strength of the relationship between Energy Australia, Thiess and RTL, reflecting the goodwill that has been developed during the past 16 years.”
CIMIC Group Executive Mining and Mineral Processing, and Thiess Manager Director, Michael Wright said: “This contract extension provides certainty to the committed workforce who have contributed to the Alliance’s success at the site, through the delivery of innovative solutions.
“RTL and Energy Australia have provided mining services at Yallourn since commencing operations in 2000, with RTL introducing a new and innovative coal mining technique using highly modified CAT D11R carry dozers pushing to feeder breakers.”
The new contract continues to deliver the mining of overburden and coal, and includes the maintenance of an extensive network of conveyors and other infrastructure.
Yallourn open cut coal mine supplies the Yallourn Power Station in the Latrobe Valley, providing 20 per cent of Victoria’s electricity requirements.
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is one of the world’s leading international contractors and the world’s largest contract miner. CIMIC Group has operations that have been in existence since 1934, was listed on the Australian Securities Exchange in 1962 and has its head office in Sydney, Australia. CIMIC provides construction, mining, mineral processing, engineering, concessions, and operation and maintenance services to the infrastructure, resources and property markets. It operates in more than 20 countries throughout the Asia Pacific, the Middle East, North and South America and Sub-Saharan Africa and, as at 31 December 2016, employed approximately 50,500 people directly and through its investments.
Contact: Ms Marta Olba, Group Manager Investor Relations; T: +61(2) 9925 6134
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