Wedoany.com Report-Jun 27, Australian mining company Thiess, 60% owned by Cimic, has secured a three-year, US$1.5 billion (A$2.3 billion) contract extension to expand operations at Jellinbah Group’s Lake Vermont coal mine near Dysart in Queensland’s Bowen Basin. The extension, announced in 2025, prolongs Thiess’ existing contract, originally set to end in 2026, until June 2028.

Thiess has been involved with the Lake Vermont mine since 2007, when it was awarded a contract to construct its infrastructure. Under the extended agreement, Thiess will continue providing site engineering, equipment management, rehabilitation works, and train load-out services. The company will also manage the Jellinbah Group’s handling and preparation plant, ensuring efficient operations.

“For nearly two decades, Thiess has worked with the Jellinbah Group to safely enhance and expand Lake Vermont Mine’s operations – driving efficiency, productivity and cost effectiveness through commodity cycles,” said Michael Wright, Thiess’ chief executive. The partnership has focused on optimizing operations while maintaining high safety and performance standards.

Thiess’ commitment extends beyond mining operations, with a strong emphasis on community engagement in Dysart. “We’ve grown to be part of the local Dysart community, with a strong focus on local employment, local procurement and ongoing partnerships with local schools and organisations such as the BMA CQ Rescue helicopter service and the Hear & Say Foundation,” said Rae O’Brien, Thiess’ chief executive in east Australia. These efforts support local economies and foster sustainable community development.

The contract extension strengthens Thiess’ role in Queensland’s coal industry, leveraging its expertise to enhance the mine’s productivity. By prioritizing local resources and partnerships, Thiess contributes to the region’s economic and social fabric while advancing operational efficiency at the Lake Vermont mine.