Thiess Secures $1.5 Billion Extension for Lake Vermont Mine Operations

Thiess Extends Lake Vermont Mine Operations Contract

Thiess has secured a $1.5 billion contract extension to continue operations at the Lake Vermont Mine in Queensland’s Bowen Basin. The new deal with Jellinbah Group prolongs Thiess’ involvement until June 2028, extending two years beyond the original agreement. This extension covers comprehensive mining services, including statutory operations, equipment management, and rehabilitation efforts. Lake Vermont Mine is a significant producer of hard coking coal and mid-volatile pulverised coal injection coal.

The Lake Vermont Mine’s operations, located near Dysart, have evolved since production began in 2008. Thiess oversees mining activities, engineering services, and manages the handling and preparation plant. Coal products are transported via rail to key export ports such as Gladstone and Abbot Point. This contract extension reinforces Thiess’ role in enhancing operational efficiency and sustainability at the mine.

Focus on Innovation and Sustainability at Lake Vermont Mine

Thiess has introduced world-leading autonomous drilling and semi-autonomous dozing technologies at Lake Vermont, driving safety and productivity improvements. The company also prioritizes environmental compliance through rigorous rehabilitation practices, adhering to Queensland government standards. Michael Wright, CEO of Thiess Group, emphasized that this extension reflects the trust built over nearly two decades of partnership with Jellinbah Group. Strategic mine planning and resource optimization remain central to sustaining long-term business goals in the competitive coal sector.

SuperMetalPrice Commentary:

Thiess’ contract extension at Lake Vermont Mine underscores its leadership in delivering advanced mining solutions within the hard coking coal market. As demand for high-quality metallurgical coal persists, such partnerships and technological innovations are crucial to maintaining competitive edge and environmental responsibility. This development signals confidence in Queensland’s mining sector amid global commodity cycles.