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Thiess Mining Awarded $1.3 Billion Coal Contract

By Joel ScanlonJan 19 2011

Thiess Mining, a subsidiary of Leighton Holdings, hopes to extend operations at a Bowen Basin mine thanks to the $1.3 billion contract granted to it by Peabody Energy.

The six year contract will see Thiess help with 2.5 million tons of annual coal production at Peabody Energy’s Burton mine.

The Thiess chief executive Bruce Munro said that the mining operations under the new contract would be returning to the original mining area used in 1996. He said that the high quality coal would be mined to a depth of up to 240 meters making this operation the deepest open cut operation in the Bowen Basin.

At present the Burton mine extension project is expected to employ more than 500 people until 2016. Shares of Leighton Holdings (ASX:LEI) are trading at $31.50, 11am Thursday 20th January.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Thiess Mining Awarded $1.3 Billion Coal Contract. AZoMining. Retrieved on November 23, 2024 from https://www.azomining.com/News.aspx?newsID=2613.
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Scanlon, Joel. "Thiess Mining Awarded $1.3 Billion Coal Contract". AZoMining. 23 November 2024. <https://www.azomining.com/News.aspx?newsID=2613>.
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