CIMIC companies win $184m coal processing plant contract
CIMIC Group companies Sedgman and CPB Contractors have been awarded a contract by Pembroke Resources at the greenfield Olive Downs Coking Coal Project in Central Queensland.
The contract is for design, procurement, construction and commissioning of the Coal Handling and Preparation Plant and will generate revenue to CIMIC Group of $184 million.
Mineral processing company Sedgman and construction company CPB Contractors will work together to deliver this end-to-end solution. Design and early procurement work will commence immediately.
CIMIC Group Chief Executive Officer Michael Wright said: “The unique combination of Sedgman’s mineral processing experience and CPB Contractors’ construction expertise provides CIMIC Group clients with the certainty of a proven track record in developing coal mines and an integrated solution from design to commissioning.”
Sedgman Managing Director Grant Fraser said: “The Olive Downs Coking Coal Project is an exciting, long term development in the Queensland Bowen Basin and we are pleased to be working closely with Pembroke Resources to deliver value for the project.”
CPB Contractors Managing Director Juan Santamaria said: “The Olive Downs Coking Coal Project will draw on the long experience of CPB Contractors in resources infrastructure and our strong ongoing project involvement in regional Queensland, including more than 15 years working with Sedgman in the Bowen Basin delivering coal handling plants and mine infrastructure.”
Work is expected to be completed in 2020.
Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au
Mr Justin Grogan, Investor Relations T+61 2 9925 6628
Ms Fiona Tyndall, General Manager Communications T+61 2 9925 6188
CIMIC Group Limited (ASX: CIM) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 100 index, the Dow Jones Sustainability Australia Index and FTSE4Good.