Mining services contractor Thiess, a CIMIC Group company, has secured a two-year A$170 million contract extension at Emerald Resources NL's Okvau Gold Mine in Cambodia.
The extension takes the contract through to 2030 and covers the mining operations at Okvau, including mine development, drill and blast services, mining overburden and ore, and all associated mining support services across the project.
Thiess, through subsidiary MACA, secured the original contract in 2020 and has developed a strong relationship with Emerald through a shared commitment to safety, operational excellence, capability and community development, and sustainable value creation.
Since production began, the operation has produced more than 500,000 ounces of gold, reflecting the mine’s strong focus on safe production and workforce capability.
Emerald Resources Managing Director Morgan Hart said: “We are extremely pleased to continue working with MACA as the Okvau Gold Mine moves into its next phase of operations, maintaining our focus on safe and efficient delivery.”
Thiess Group Executive - Australia West David Greig said the extension reflects the strength of the partnership between Emerald and MACA.
"From early development and construction through to start-up and steady-state production, MACA has worked closely with Emerald to help establish Cambodia’s first large-scale gold mine.
"Okvau demonstrates the important role mining can play in creating long-term employment opportunities, developing local capability and contributing to regional communities. We are proud to support Emerald's continued success in Cambodia."
Thiess Group Executive Chair and CEO Michael Wright said the award further strengthened MACA's credentials in the gold and metals sectors.
"This extension reflects Emerald’s continued confidence in MACA and recognises the results our teams have achieved at Okvau.
"It also demonstrates the Thiess Group's commitment to supporting our operating companies to deliver long-term value for clients and pursue sustainable growth across commodities and geographies."
CIMIC Group President and Executive Director Roberto Gallardo said the project was a reflection of the strength of the partnership that has been built at Okvau.
“This contract extension reflects the value that Thiess, through MACA, continues to deliver for Emerald Resources. The project is an important example of how our businesses combine operational excellence, local capability development and long-term value creation for clients and communities.”