Thiess (ACS) renews $231.5 million mining contract in Indonesia

Thiess (ACS) renews $231.5 million mining contract in Indonesia

The mining company Thiess, controlled 50% by Cimic -Australian subsidiary of the Spanish group ACS-, announced on Monday the renewal of a contract for about 231.5 million US dollars (or 218 million euros) to provide mining services in Indonesia.

Thiess will continue to provide mining services at the Melak complex in the province of East Kalimantan (central region of Indonesia), under the extension of the contract signed with the Indonesian group Bayan Resources, which will enter into force in May 2023, it said in the statement.

Services provided by Thiess, which has been with Melak for 14 years, include loading and transport, drilling and blasting, as well as road maintenance and rehabilitation, it said.

“This extension is a testament to our ability to deliver safe and sustainable long-term operations in Indonesia, while we work to expand our operations in other areas,” Michael Wright said in the statement.

Thiess, the most important mining services provider in the world and also operating in Chile, is controlled since 2021 by Cimic and the British Elliot, according to the portal of this company based in Australia.

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