Xstrata to take back Collinsville PDF Print E-mail
Thursday, 21 February 2013 12:34

Xstrata is taking over the mining of its Collinsville coal mine in central Queensland from contractor Thiess.

In a statement, Thiess said following a review of operations at Collinsville  the companies have entered into a transition agreement to take the mine back to an owner-operator model from August this year.

“Thiess has a strong, long-term relationship with Xstrata Coal and both companies are working together to secure a strong future,” the statement said.

Thiess said the financial impact over the next four years will be around $650 million, but the contractor may retain some work onsite after the transition but no value has been agreed as yet.

For the latest news click here

For the latest Travel features click here

For the latest Food & Drink features click here

Follow myresources.com.au on Twitter

Add comment

Security code