Cimic Group Ltd secures $185 million Mt Arthur contract

Cimic Group Ltd's (ASX:CIM) subsidiary Thiess has secured a $185 million coal operation contract at Mt Arthur in the Hunter Valley.

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Cimic Group Ltd (ASX: CIM) is a mining and mineral processing, construction and energy services group.

Today, Cimic Group announced that its mining and mineral processing subsidiary, Thiess, has secured a $185 million coal operation contract from BHP Billiton Limited (ASX: BHP) at Mount Arthur in the Hunter Valley, Australia.

Thiess has been providing Mt Arthur Coal with load and haul services since December 2016. This new 15-month contract expands Thiess' existing services to include mining overburden and coal at the southern end of the Mt Arthur Coal operation.

Thiess Managing Director Douglas Thompson said "We look forward to continuing to support BHP, while creating opportunities for local jobs and local suppliers."

The company has had a long relationship with the Hunter Valley dating back to the 1940s. Thiess currently provides mining services at three mines and operates two maintenance workshops.

The Cimic Group share price is down 1.1% to $44.77 as of close today.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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