Thiess gets Meandu contract extension

Thiess has been awarded an A$185 million, one year extension to its contract to operate the Meandu coal mine which supplies Stanwell Corporation’s Tarong and Tarong North power stations in Queensland’s South Burnett. Managing Director Bruce Munro said the contract extension until December 2012 reaffirms the strong relationship between Stanwell Corporation and Thiess. “Thiess is proud of the critical role we play in providing coal for electricity generation in Queensland and we’re delighted to continue our partnership with Stanwell Corporation,” he said. Thiess Australian Mining Executive General Manager Michael Wright said the contract extension is particularly significant as it’s a vote of confidence in the company’s management of last summer’s floods: “The floods presented enormous challenges at Meandu, but innovative mine management minimised the impact on coal delivery.”

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