Thiess

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Thiess "has grown to become one of Australasia's largest construction, mining and services companies."

"Thiess today is a world class mining service provider. Mining in excess of 60 Mt of coal per annum, we are one of the largest coal miners in the Australasian region and currently operate 15 mines throughout Australia and Indonesia. We have a plant fleet valued in excess of $1.2 billion, which moves more than 2 million tonnes of material daily. We also provide a broad range of project development, mine operations and contracting services."

They note: "From the design and construction of remote air force bases to naval headquarters and marine facilities, we have provided the Department of Defence with a flexible approach resulting in technical and functional excellence."

On its website Theis states that "As the world’s largest open-cut coal contract miner we mine more than 109 million tonnes of coal, 7 million tonnes of ore and move about 542 million cubic metres of overburden per year. Our operations showcase our leadership in project management and innovation as well as safety, water management, rehabilitation and community outcomes. Our numerous mine sites span Australia, Indonesia and India. We own and operate one of the largest mining fleets in the world with a replacement value of more than $3 billion and our contracts have included coal, iron ore, copper and uranium, nickel, gold, silver, lead, zinc and magnesite."

Pakri Barwadih mine

In December 2010, Leighton Holdings subsidiary Thiess won a $5.5 billion coal mining contract to develop and operate the Pakri Barwadih Mine in the state of Jharkhand in India's east. The contract will run over 22 years for the largest state-owned power generator National Thermal Power Corporation. Revenue is expected to be $500 million in the first five years, with peak production of 15 million tonnes to be reached in three years.

India is the world's third-largest coal producer but the world's fourth-largest importer. More than half India's electricity generation is coal-fired. NTPC wants to more than double its power generation capacity by 2017 and produce more than a quarter of its own coal. As of 2010, its supply comes from Coal India and from imports.

Coal seam gas project

In January 2011, Leighton Holdings Ltd subsidiary Thiess said it secured a $136 million coal seam gas upstream infrastructure contract in Queensland for early works projects in the Surat Basin. Managing director David Saxelby said the contract was a major milestone that secured Thiess' presence in the growing liquid natural gas (LNG) sector.

Indonesia

In October 2011, Indonesia's PT Bayan Resources Tbk said it had extended and expanded mining contract services with PT Thiess Contractors Indonesia for Thiess to mine Bayan properties through 2016.

Directors

Accessed March 2008:

• Chairman - Martin C. Albrecht
• Managing Director - David K. Saxelby
• Director Finance and Administration - Donald J. Argent
• Non Executive Director - Robert J. Flew
• Non Executive Director - Graham McOrist
• Non Executive Director - Roslyn J. Kelly
• Non Executive Director - Wayne Osborn
• Non Executive Director - Wallace M. King

Contact

Level 5, 179 Grey Street
South Bank QLD 4101
Tel: +61 7 3002 9000
Fax: +61 7 3002 9689
Website:http://www.thiess.com.au/

Critical Resources

• Bill Mason, "Thiess loses bribery appeal", Green Left Weekly, April 8, 1992.
• Peter Boyle, "'Tsunami aid' turns into corporate greedfest", Green Left Weekly, March 23, 2005.

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