Thiess signs joint venture with RWE 20 November, 2013
Looking to deliver low cost, high volume continuous mining solutions contractor Thiess and European power generators and lignite miners RWE Generation are joining forces, signing a joint venture agreement.
Establishing the partnership will see RWE’s continuous mining equipment, engineering, operations and maintenance capability added to Thiess’ offering.
Thiess managing director Bruce Munro said the agreement launches the company into a new field of opportunity, allowing it to offer services across the entire continuous mining value chain including in-house design, engineering, operation and maintenance services.
“Once TRWE operations are established in Australia and Indonesia, we are keen to leverage our existing international relationships and expand further into Asia and the Americas,” Munro said.
While dragline and truck/shovel applications will continue to be the major mining methods for many open-cut projects, deeper deposits will require more efficient technologies.
RWE vice president Wolfgang Kortmann said the last five years has seen growth in the application of CME and IPCC equipment which has been accompanied by direct improvements in production efficiency.
“Given the rising costs and declining productivity of some conventional mining applications in Australia, together with ongoing exposure to fluctuating commodity prices, a similar positive shift in the demand for these lower costs continuous mining systems in Australia and beyond is imminent,”