CIMIC’s Thiess wins $1.7b contract in Botswana

Company News

by Anna Napoli

CIMIC Group’s (ASX:CIM) global mining services provider, Thiess, through Majwe Mining Joint Venture has secured a A$1.7 billion contract at Debswana Diamond Company’s Jwaneng Mine Cut 9 project in Botswana.

Via the JV  Thiess and long-term local partner Bothakga Burrow Botswana, will provide full scope mining services over nine years

This new volume-based contract follows Majwe’s successful completion of the Cut 8 project at the diamond mine in November 2018.

CIMIC says this new contract strengthens Thiess’ presence in Botswana and builds on it's operational and technical teams’ solid performance at Jwaneng since 2011.

Shares in CIMIC Group (ASX:CIM) closed 2.29 per cent higher to $49.51.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.