Cimic’s (ASX:CIM) Thiess secures two mining contracts

Cimic’s (ASX:CIM) subsidiary Thiess has secured two mining services contracts in Queensland with a combined revenue of around $200 million.

Thiess secured a 3-year contract with Austral Resources at the Anthill Copper Project to mine overburden and copper ore, and a 12-month contract extension with BHP Mitsubishi Alliance for the provision of mining and maintenance services at Caval Ridge Mine.

“These contracts reflect Thiess’ ability to deliver value for our clients, providing competitive and sustainable mining solutions across a diversified portfolio of projects. We will bring a strong focus on the local community as we undertake these exciting projects,” said Thiess CEO Michael Wright.

Both contracts will commence this month. 

Shares in Cimic Group (ASX:CIM) are trading 0.7 per cent higher at $18.37.