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Monday, March 27, 2023

ACS Group, through Theis, extends a mining contract in Australia for 387 million

ACS Group, through its investee Thies, has expanded a mining services contract with BHP Mitsubishi Alliance at its Caval Ridge facilities in the Australian state of Queensland, which will generate revenues of EUR 387.5 million (AUS$600 million) for the company. ,

The contract will be effective from December 1 and will last for the next five years, as indicated by the company.

With this new expansion, Thies BHP Mitsubishi Alliance will continue to provide services at the Caval Ridge mine, operating and maintaining mining equipment to support production.

In fact, already in October 2020 the Thais managed to extend this contract for another 12 months for 67 million euros (110 million Australian dollars), which was extended for a new one-year term in December 2021.

The coking coal is extracted from this mine owned by BHP Billiton Mitsubishi Alliance.

According to Thies CEO Michael Wright, the company has been providing mining solutions at Caval Ridge since December 2017.

For his part, Thies’ Executive General Manager for Eastern Australia, Clooney Randall, has indicated that the group continues to drive long-term economic value by incorporating opportunities and supporting communities by including local jobs and regional supply contracts. where it operates

World Nation News Desk
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