PT Thiess Contractors Indonesia is pleased to announce the signing of a US$393 Million contract with PT Tamtama Perkasa, a member of the Barito Pacific Group. The award is for mining services in Muara Teweh, Central Kalimantan.

Under the new contract, Thiess Indonesia will provide mining services over a period of five years to support the delivery of 7.5 MMT of coal. Operations are expected to commence in the second semester of 2012.

"This contract award is in line with our strategy for continued growth in Indonesia. It is also recognition of Thiess Indonesia’s expertise as a leading mining services contractor," said Roy Olsen, President Director of Thiess Indonesia.

"The Barito Pacific Group is a diversified business, but one that is successful in everything they do and we are pleased to be in partnership with the group. The Tamtama project is only the beginning of a long-term collaboration with the Barito Pacific Group. We look forward to developing their mining business as well as a strong relationship with the group."

This contract is the second awarded to Thiess Indonesia for works in Central Kalimantan in the last couple of weeks.