CIMIC Group Investments Pty Ltd, a wholly owned subsidiary of CIMIC Group Ltd, has made an off-market bid for Sedgman Ltd. “At this time the Sedgman Board recommends that shareholders take no action in relation to their shares or the offer.
CIMIC Group (formerly Leighton Holdings Limited) was founded in 1949, listed on the Australian Securities Exchange in 1962 and is based in Sydney, Australia. It’s main activity in mining is through its ownership of contract miner Thiess, which has broad capabilities that encompass mine planning, operations and technical services, continuous mining systems such as in-pit crushing and conveying systems, mobile plant management, product handling and processing and mine infrastructure.
Sedgman provides mineral processing and associated infrastructure solutions. Its services range from concept, prefeasibility and design through to construction, commissioning, operations, maintenance and asset management. Established in 1979, Sedgman listed on the ASX in June 2006 and has approximately 600 employees. Headquartered in Brisbane, Australia with offices in Perth, Townsville, Newcastle and Mackay, Sedgman has international offices in Shanghai, Santiago, Vancouver and Johannesburg.
One of Theiss’s most recent contract wins was last month when Jellinbah Group awarded it a contract extension worth A$1.3 billion in revenue to continue operations at Lake Vermont coal mine, near Dysart in Central Queensland. The three-year extension continues Thiess’ turnkey mining operations there until December 2021.
Jellinbah Group Chief Executive Officer Greg Chalmers said: “This is an important commitment for both companies. Thiess has proactively worked with us to ensure that the Lake Vermont mine remains competitive on a global scale, driving value through innovative technical solutions and a focus on operational outcomes.”
Thiess Managing Director Michael Wright said: “This extension at Lake Vermont reflects the strong performance of our operational and technical teams, and their daily commitment to working with our clients in a safe and productive manner.”
In 2007, Thiess was contracted to build the Lake Vermont mine infrastructure, including the design and construction of the Coal Handling Preparation Plant (CHPP), site office and workshop. These were expanded by Thiess in 2012 with the increase in production of the mine.
Since 2008, Thiess has performed the turnkey mining operations, which includes mine planning, operations, maintenance, processing and loading the product on the train to market.