CIMIC's Thiess wins $1.7b contract in Botswana
CIMIC’S THIESS WINS $1.7B CONTRACT IN BOTSWANA
CIMIC Group’s global mining services provider, Thiess, through Majwe Mining Joint Venture (Majwe), has secured a A$1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project in Botswana.
Majwe, a joint venture between Thiess (70 per cent) and long-term local partner Bothakga Burrow Botswana (30 per cent), will provide full scope mining services over nine years, including drill and on-bench services, mine planning, equipment maintenance, load and haul, and mining operations.
This new volume-based contract follows Majwe’s successful completion of the Cut 8 project at the diamond mine in November 2018.
CIMIC Group Chief Executive Officer Michael Wright said: “This new contract strengthens Thiess’ presence in Botswana and builds on our operational and technical teams’ solid performance at Jwaneng since 2011.
“The relationship developed between Majwe and client Debswana Diamond Company, owned by the Botswana Government and De Beers, is a testament to all involved with the project.”
CIMIC Group Mining and Minerals Executive and Thiess Managing Director, Douglas Thompson, said: “I am pleased to be extending our long-term relationship with Debswana Diamond Company and Majwe, delivering scalable and innovative solutions that are tailored to our client’s production and expansion needs.
“This contract extends our compliance with Botswana’s Citizen Economic Empowerment Policy and to delivering sustainable mining.”
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 (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction business CPB Contractors, including Leighton Asia and Broad, our mining and mineral processing companies Thiess and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships – all supported by our in-house engineering consultancy 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 around 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.