METS

Sedgman wins $100M in contracts

CIMIC Group’s mineral processing subsidiary Sedgman has been awarded contracts with Mach Energy and QCoal to operate and maintain the Mount Pleasant and Byerwen coal handling and preparation plants in New South Wales and Queensland respectively.

Staff reporter
Sedgman is a CHPP specialist

Sedgman is a CHPP specialist

The contracts have a combined value of A$100 million.

The contract with Mach Energy to operate and maintain the Mount Pleasant site at Muswellbrook will generate revenue to Sedgman of approximately $75 million over three years.

The contract with QCoal to operate and maintain the Byerwen site at Glenden will generate revenue to Sedgman of approximately $25 million over one year.

CIMIC CEO Michael Wright said Sedgman had a strong track record of reliably operating and maintaining CHPPs, and these further contract wins highlight the company's strength in end to end mineral processing solutions.

Sedgman managing director Grant Fraser said Sedgman's strong working relationship with QCoal had developed over many years. 

"We have been closely involved throughout the Byerwen project from the engineering, procurement and construction of the stockpile, train load-out and CHPP," he said.

"We are pleased to be completing the cycle by operating the plant.

"At Mount Pleasant we are building on CIMIC Group's long established partnership with Mach Energy and drawing on our relationship with Thiess, also a member of CIMIC Group, to deliver a seamless service that will maximise the value from the site."

The Mount Pleasant site will start operations towards the end of 2018. The Byerwen CHPP is now being commissioned.

Shares in CIMIC dropped 0.2% today to $46.77.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.