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CIMIC in $1.3b Curragh contract extension

CIMIC has clinched a $1.3 billion, six-year contract extension to provide mining services to Queensland’s Curragh coalmine.

Coronado Global Resources, which bought the open-cut mine in 2017 from Wesfarmers, has engaged CIMIC subsidiary Thiess to keep providing overburden removal and haulage, mining and run of mine rehandling services, equipment maintenance and pit dewatering.

Thiess has operated at Curragh since 2004 and has “a consistent record of exceeding our client’s expectations”, according to CIMIC chief executive Michael Wright.

CIMIC subsidiaries Sedgman and UGL also provide various operations and maintenance contracts at the Curragh Mine.

“Thiess has operated at Curragh for more than 15 years,” CIMIC mining and mineral processing executive Douglas Thompson said.

“Over that time, we’ve developed a deep understanding of the site and its operations, helping to deliver optimal efficiency, productivity and cost performance.”

At 1037 AEST, CIMIC shares were 1.1 per cent lower at $31.69 against the backdrop of a slightly higher overall market.

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