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Thiess wins $650m Solomon extension

July 5, 2017 • Mining & Resources

CIMIC Group’s global mining services provider, Thiess, has earned a contract extension to continue to provide mining services at Fortescue Metals Group’s Solomon Iron Ore Project until 2020.

CIMIC CEO Adolfo Valderas said the deal, valued at approximately $650 million, also includes maintenance of mobile and ancillary plant, autonomy solutions and non-process infrastructure management.

“This contract extension reflects Thiess’ ability to develop strong, flexible and sustainable partnerships with our clients, through value-driven solutions,” he said.

CIMIC Group Mining and Mineral Processing Executive and Thiess Managing Director Michael Wright said the contract extension builds on the company’s track record of delivery for Fortescue Metals Group dating back from 2011.

“Our partnership approach is what will enable mining operations at first quartile cash costs, with autonomous solutions and asset management services delivering asset utilisation that is world class,” Mr Wight continued.

“This contract is a testament to the team’s passion and ability to transform improvement initiatives into innovative solutions that continue to drive long-term client value.”

The Solomon Hub, which is located in the Hamersley Ranges in Western Australia, currently produces 72 million tonnes of iron ore annually from the Firetail and Kings Valley deposits.

Image credit: fmgl.com.au

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