The contract, with revenue of $75 million, continues Sedgman’s
operation and maintenance of the CHPP until June 2019, with the
potential for an additional two years after the initial period.
Separately,
Thiess, CIMIC’s mining services provider, has expanded its mining
services contract at the Lake Vermont Coal Mine in Queensland’s Bowen
Basin, and will design and build an additional processing module at the
CHPP, generating revenue of $30 million.
Engineering, procurement,
construction and commissioning of the module will be undertaken by
Sedgman and is expected to be completed in late 2017. Thiess will
continue to operate and maintain the facility for the balance of the
current contract term.1)
CIMIC Executive Chairman and
Chief Executive Officer Marcelino Fernández Verdes said: “Thiess and
Sedgman’s continual focus on delivering industry leading results is
evident in their ongoing performance for these long term clients.
“The
Lake Vermont expansion demonstrates the value of the CIMIC Group’s
capability, drawing together the best of Thiess and Sedgman’s expertise
to deliver value for our clients.”
Sedgman Acting Managing
Director Michael Carretta said: “For more than a decade, Thiess and
Sedgman have worked together to provide innovative solutions for our
clients, which we are pleased to continue.”
Thiess Managing
Director Michael Wright said: “The Lake Vermont expansion combines the
expertise of both Thiess and Sedgman to deliver a solution that will
improve resource recovery and generate greater value from the mine for
our client Jellinbah Group.”
Sedgman has worked for RMJV since
2007. The Thiess Sedgman Joint Venture delivered a CHPP for the
Jellinbah Group in 2007 and expanded the facility in 2012. Thiess has
operated the Lake Vermont mine since 2008.
1) As announced on 11 December 2015.