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Monday, 13 November 17
THIESS AWARDED $300M SANGATTA EXPANSION CONTRACT
ThiesssThiess has been awarded a $300 million contract by Kaltim Prima Coal (KPC) to expand operations at Sangatta coal mine in East Kalimantan, Indonesia.

Accordign to the company's web site, the contract will extend the current life-of-mine contract, increasing coal production at the Melawan pit by 12 million tonnes and overburden removal by 130 million bcm over four years, until December 2021.

CIMIC Group Chief Executive Officer-Elect Michael Wright said: “This contract demonstrates Thiess’ long-standing commitment to delivering value to our clients across our Global mining platform. I am so pleased to see our team continue to grow and prosper in Indonesia, where we have been operating for some 29 years.”

CIMIC Group Mining and Minerals Executive and Thiess Managing Director, Douglas Thompson said: “I’m delighted to strengthen our partnership with KPC as we work together to deliver cost-effective outcomes.

“This expansion builds on our successful history at Sangatta where we have been operating since 2003 and reflects our ability to deliver cost-effective and scalable solutions tailored to our client’s production and expansion needs.”  


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Recent News

Wednesday, 22 November 17
THERMAL COAL WAS FLAT AMID CONCERNS OF FURTHER GOVERNMENT INTERVENTION IN CHINA, SAYS DANIEL HYNES
Coal prices were mixed. Thermal coal was flat amid concerns of further government intervention in China, said Daniel Hynes Senior Commodity Strateg ...


Wednesday, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...


Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...


Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...


Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax Another week with rates easing over all the Supra routes within Atlantic. Front hauls from USG got payed around 21-22k daily and ul ...


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