Thiess (ACS) renews $320 million mining contracts in Indonesia

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The mining company Thiess, controlled 50% by Cimic -Australian subsidiary of the Spanish group ACS-, announced on Wednesday the renewal of two contracts valued jointly at about 480 million Australian dollars (320 million US dollars or 301 million euros) to provide mining services in Indonesia.

Thiess will continue to provide mining services for three years at the Wahana complex, operated by Bayan Resources, and Hanoman, operated by PT Cakrawala, both in South Kalimantan Province (in the Indonesian part of the island of Borneo).

The services provided by Thiess, which has been working at these mines for two decades, include drilling and blasting, loading and transport, and well drainage, Cimic said in a statement today.

“These renewals reinforce our capability and credentials on operational excellence,” Thiess Chief Executive Michael Wright said in the statement.

Jeffrey Kounang, Head of Thiess Indonesia, said: “The solutions we offer for both clients enable our team to maximise resource recovery and optimise bookings from both operations. We are proud to continually live up to our customers’ expectations and deliver on our promises.”

The company, controlled since 2021 by Cimic and the British Elliot, announced this week two other contract extensions to provide different mining services in deposits in the Indonesian province of East Kalimantan, also in Borneo.

These two extensions – announced on Monday and Tuesday – were valued by the company at 345 million Australian dollars (about 230 million US dollars or more than 216 million euros) and 210 million Australian dollars (almost 140 million US dollars or about 132 million euros).

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