PRESS RELEASE: The contract with Mach Energy to operate and maintain the Mount Pleasant site at Muswellbrook in New South Wales will generate revenue to Sedgman of approximately A$75 million over three years.

The contract with QCoal to operate and maintain the Byerwen site at Glenden in Queensland will, in turn, generate revenue to Sedgman of approximately A$25 million over one year.

CIMIC Group chief executive Michael Wright said: "Sedgman has a strong track record of reliably operating and maintaining CHPPs, and these further contract wins highlight the company's strength in end-to-end mineral-processing solutions."

Sedgman managing director Grant Fraser commented: "Sedgman's strong working relationship with QCoal has developed over many years. We have been closely involved throughout the Byerwen project from the engineering, procurement and construction of the stockpile, train load-out and CHPP. We are pleased to be completing the cycle by operating the plant.

"At Mount Pleasant we are building on CIMIC Group's long-established partnership with Mach Energy and drawing on our relationship with Thiess, also a member of CIMIC Group, to deliver a seamless service that will maximise the value from the site."

The Mount Pleasant site will commence operations towards the end of 2018, while the Byerwen CHPP is currently being commissioned.