Cimic Group Ltd’s
(ASX:CIM) mining services contractor, Thiess, has secured a new two-year contract with Debswana Diamond Company’s Jwaneng mine in Botswana.
According to Cimic, Jwaneng is the richest diamond mine in the world by value.
The Debswana Diamond Company is a partnership between the Bostwana government and the De Beers Group of Companies, one of the leaders in diamond exploration, mining and retail.
Cimic says that the new contract will generate $370 million in revenue, and mining operations at Jwaneng will continue until the end of 2018.
Cimic posted a net profit of $244.6 million at 30 June 2016.
