Generating revenue of approximately A$650 million (US$495 million), the contract extension will involve Thiess continuing to deliver mining services at Solomon until 2020, including maintenance of mobile and ancillary plant, autonomy solutions and non-process infrastructure management.

Adolfo Valderas, CEO of CIMIC, the parent company of Thiess, said: “This contract extension reflects Thiess’ ability to develop strong, flexible and sustainable partnerships with our clients, through value-driven solutions.”

Michael Wright, mining and mineral processing executive at CIMIC Group and managing director at Thiess, said: “We are thrilled to be extending mining operations at Solomon Hub, building on our track record of delivery for Fortescue Metals Group where we’ve operated since 2011. Our partnership approach is what will enable mining operations at first quartile cash costs, with autonomous solutions and asset management services delivering asset utilisation that is world class. This contract is a testament to the team’s passion and ability to transform improvement initiatives into innovative solutions that continue to drive long-term client value.”

The Solomon Hub currently produces 72Mt/y of iron ore from the Firetail and Kings Valley deposits.