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Cimic Group Ltd (ASX:CIM) wins $1.2 billion coal contract from BHP Billiton Limited (ASX:BHP)

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

Cimic Group announced that its mining and mineral processing subsidiary, Thiess, has been awarded a $1.2 billion contract from BHP Billiton Limited (ASX: BHP) to provide mining services at the Mt Arthur Coal operation in the Hunter Valley.

The new five-year contract will expand Thiess’ presence in the Hunter Valley and includes additional services as mine operator of the southern end of the Mt Arthur Coal operations. The contract also includes mine design, planning and scheduling services, drill and blast operations, overburden removal and coal mining.

Cimic Group Chief Executive Officer Michael Wright said “This is the third successive contract that Thiess has secured with BHP at Mt Arthur Coal. It recognises our team’s specialist mining capability.”

Cimic Group Executive Mining and Mineral Processing and Thiess Managing Director Douglas Thompson said “We have a proud history in the region and working with BHP. We’re pleased to continue our work at Mt Arthur Coal’s southern operations and support local jobs, suppliers and businesses.”

The company stated that the contract will create up to 300 permanent locally-based roles.

The Cimic Group share price is up 0.38% to $46.54 as of time of writing.

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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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