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(L-R) Megan Smith was named Best Utility, seen with Coaching staff Aboutusgeneric_2 mine Best and Fairest was won by Rhys Giles mining (L-R) Ryan Palmer won the Managers Award and Best Forward seen with Boofa Callanan Crushettes Rookie of the Year was won by Zoe Mackay Aboutusgenericimage_3 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgeneric_1 Crushettes Players Player was Michelle Cummings Construction (L-R) Players Player was won by Adam Stewart Port dragline
(L-R) Megan Smith was named Best Utility, seen with Coaching staff Aboutusgeneric_2 mine Best and Fairest was won by Rhys Giles mining (L-R) Ryan Palmer won the Managers Award and Best Forward seen with Boofa Callanan Crushettes Rookie of the Year was won by Zoe Mackay Aboutusgenericimage_3 Jo-Anne Burke, DB Scaffolding; Susan McGuire, Mayogroup Aboutusgeneric_1 Crushettes Players Player was Michelle Cummings Construction (L-R) Players Player was won by Adam Stewart

Basin contractors to combine?
THIESS seeks to tighten its grip on Bowen Basin
Wednesday 13 January 2016  

TWO of the Bowen Basin’s biggest mining contractors could become a single entity after

CIMIC - formerly known as Leighton Holdings - made an off-market cash offer of $243 million for contractor Sedgman today.

CIMIC is the parent company of Thiess contractors - the largest mining contractor in the world - with significant mining projects in the Bowen Basin.

If the takeover is successful Brisbane based Sedgman, which has contracts at Daunia, Coppabella, Dawson, Caval Ridge, Lake Vermont, and Moorvale mines will be swallowed up by Thiess - making Thiess by far and away the biggest mining contractor in the Bowen Basin.

CIMIC currently holds a 37 per cent stake in Sedgman, but the new offer would see it buy up the remainder of the company.

The CIMIC offer represents a 35 per cent premium to Sedgman’s last traded price of 79c per share.

The board of Sedgman has asked shareholders not to take any action for now.

Sedgman shares were trading more than a third higher, at $1.07 each after news of the bid.

 


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