CIMIC Growth Led By ‘Strong Performance Of The Mining Sector’

CIMIC Group has credited its mining contracts as a key factor in the company’s growth during 2018.

The contractor secured several major mining works through subsidiaries Thiess and Sedgman last year.

In October, Thiess secured a five-year, $1.2 billion mining services contract at the Mt Arthur coal mine in the Hunter Valley, New South Wales.

A month later the company was awarded an 18-month autonomous truck contract with Fortescue at its Christmas Creek iron ore project in the Pilbara, Western Australia.

CIMIC also secured extensions to Thiess coal contracts worth $140 million and $150 million at Glencore’s Mt Owen mine in New South Wales, and BHP Billiton Mitsubishi Alliance’s Caval Ridge minein Queensland.