- Write by:
-
Monday, January 4, 2021 - 12:22:44 PM
-
634 Visit
-
Print
Mining News Pro - CIMIC Group subsidiary Sedgman has received a $120 million contract extension at Mach Energy’s Mount Pleasant thermal coal mine in New South Wales.
The extension will see Sedgman operate and maintain the Mount Pleasant coal handling and preparation (CHPP) facility for an additional three years, bringing Sedgman’s total revenue at the site to $200 million.
Sedgman managing director Grant Fraser said that the latest contract was testament to the partnership the company had forged with Mach Energy, and the integration of its engineering and operations capability.
CIMIC Group chairman and chief executive officer Juan Santamaria agreed, stating that Sedgman and CIMIC had a strong history with Mach Energy.
“Sedgman’s leadership in minerals processing will ensure maximum resource recovery for our long-term client,” he said.
Sedgman completed the Mount Pleasant CHPP construction and has been operating the plant since 2019.
Mach Energy is owned by Indonesia’s Salim Group subsidiary Droxford International, and was created to acquire Mount Pleasant from Rio Tinto in 2015.
The company has received approvals to produce up to 10.5 million tonnes of run of mine thermal coal a year at the site. This is underpinned by 474 million tonnes of reserves.
Mach Energy delivered first production at Mount Pleasant in late 2018.
Short Link:
https://www.miningnews.ir/En/News/609905
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter ...
Polish government is abandoning plans to separate coal-fired power plants into a special company and is considering ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Researchers at the University of Edinburgh discovered that bacteria found in areas polluted by acid mine drainage had ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, ...
No comments have been posted yet ...