Pembroke Resources named Thiess as the successful bidder for contract mining services for the company’s Olive Downs Project in Queensland, Australia. Under the eight-year deal, Thiess will deliver full-service mining operations, including mine planning, overburden removal, drill and blast, load and haul, water management and rehabilitation of final landforms. This includes the construction of the mine infrastructure, providing all mobile plant and equipment, as well as the statutory operator for the project.
“We’re pleased to be working in partnership with Pembroke, tailoring our mine development capability, technology focus and ESG credentials to optimize the outcomes for the production of steelmaking coal from Olive Downs,” Thiess Executive Chairman and CEO Michael Wright said. “Pembroke and Thiess share a view of Olive Downs being a world-class mine that sets global benchmarks in sustainable mining, using technology to drive exceptional outcomes.”
Thiess Executive General Manager Australia Shaun Newberry said the company has a long history of operating at the Bowen Basin.
Revenue to Thiess is expected to be $1.5 billion over the first five years, with revenue beyond this term to be finalized. Operations will commence in the first half of 2023.