23 OCTOBER 2020 SEDGMAN WINS $166M IN OPERATIONS CONTRACT
EXTENSIONS IN QUEENSLAND
CIMIC Group's minerals processing company, Sedgman, has been awarded two contract extensions by QCoal to continue to operate and maintain its Sonoma and Byerwen mines processing plants in Queensland.
The three-year extensions will generate revenue of $166 million for Sedgman.
The agreements replace and extend Sedgman's existing agreements at the mines, continuing CIMIC Group's long-standing relationship with QCoal.
CIMIC Group Chief Executive Officer Juan Santamaria said: "We have a strong history of delivering consistent outcomes for QCoal, through our companies Sedgman and Thiess. Sedgman's expertise in minerals processing and focus on maximum resource recovery will help drive even greater efficiencies at these mines."
Sedgman Managing Director Grant Fraser said: "These contracts are testament to the partnership we have forged with QCoal over many years, and the integration of our engineering design, project delivery and operations teams."
Sedgman undertook the engineering design, construction and commissioning of the coal handling and preparation plant at Sonoma in 2007, and has continued to optimise and expand the facility, operating it since 2007.
Sedgman delivered engineering, procurement, construction and commissioning services for a train loadout facility and processing plant at Byerwen in 2017, and the engineering, procurement, construction and commissioning of a duplication of the coal handling and processing plant in 2018, operating it since then.
Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au Authorised by the CIMIC Group Continuous Disclosure Committee
Mr Justin Grogan, Investor Relations T+61 2 9925 6628
Ms Fiona Tyndall, Communications T+61 2 9925 6188
CIMIC Group (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction business CPB Contractors, including Leighton Asia and Broad, our mining and mineral processing companies Thiess and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships - all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 35,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
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