Thiess Mt Owen Enterprise Agreement

The price of Elliott`s 50% stake in Thiess involves a valuation of approximately AUD 4.3 billion (based on 100% Thiess), subject to certain adjustments. The transaction will strengthen CIMIC`s balance sheet by generating potential post-closing revenues of AUD 1.7 to AUD 1.9 billion, reducing CIMIC`s factoring balance by approximately AUD 700 million and CIMIC`s leasing balance by approximately AUD 500 million. During the quarter, the company said it had seen stable investments in investments to maintain its mining operations. The UGL subsidiary secured maintenance, dismantling and project contracts for mining customers, and its subsidiaries Thiess and Sedgman were awarded framework contracts with Rio Tinto Iron Ore in Western Australia or variations in operating contracts in New South Wales. He is benefiting from the strong prospects of the mining sector and, together with Elliott, we will pursue market opportunities, in line with Thiess` growth and diversification strategy. Tony Maher, national chairman of the Construction Forestry Mining and Energy Union, said Glencore had removed 50 percent of working conditions from a version of a deal that 99 percent of Oaky North Mine`s workforce had previously rejected in a vote called by the company. The Fair Work Commission can also help employers and workers negotiate with their New Approaches programme. Find out more about the new approaches on the Fair Work Commission website….

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