International contractor Cimic Group (ASX:CIM) has secured a $140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley.
Mt Owen is Thiess’ largest coal mining operation in New South Wales.
Cimic’s history with Mt Owen dates back to 1994 when Theiss first built the mine.
Theiss will continue to provide mine planning, design and execution, drill and blast until June 2021 under the amended contract.
Shares in Cimic Group (ASX:CIM) closed down 0.82% to $44.54.