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NewswireTODAY - /newswire/ -
Sydney, Australia, 2018/11/06 - Sedgman, has been awarded contracts with Mach Energy and QCoal to operate and maintain the Mount Pleasant and Byerwen coal handling and preparation plants (CHPP) - MachEnergyAustralia.com.au / QCoal.com.au / Sedgman.com. ASX: CIM
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CIMIC Group’s mineral processing company, Sedgman (sedgman.com), has been awarded contracts with Mach Energy (machenergyaustralia.com.au) and QCoal (qcoal.com.au) to operate and maintain the Mount Pleasant and Byerwen coal handling and preparation plants (CHPP). The contracts have a combined value of $100 million.
The contract with Mach Energy to operate and maintain the Mount Pleasant site at Muswellbrook in New South Wales will generate revenue to Sedgman of approximately $75 million over three years.
The contract with QCoal to operate and maintain the Byerwen site at Glenden in Queensland will generate revenue to Sedgman of approximately $25 million over one year.
CIMIC Group Chief Executive Officer Michael Wright said: “Sedgman has a strong track record of reliably operating and maintaining CHPPs, and these further contract wins highlight the company’s strength in end to end mineral processing solutions.”
Sedgman Managing Director Grant Fraser said: “Sedgman’s strong working relationship with QCoal has developed over many years. We have been closely involved throughout the Byerwen project from the engineering, procurement and construction of the stockpile, train load-out and CHPP. We are pleased to be completing the cycle by operating the plant.
“At Mount Pleasant we are building on CIMIC Group’s long established partnership with Mach Energy and drawing on our relationship with Thiess, also a member of CIMIC Group, to deliver a seamless service that will maximise the value from the site.”
The Mount Pleasant site will commence operations towards the end of 2018. The Byerwen CHPP is currently being commissioned.
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Mr Justin Grogan, Investor Relations T: +61(2) 9925 6628.
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