When Aconex bought the INCITE Keystone platform from CIMIC in 2015, and integrated it into the Aconex platform, a number of CIMIC's subsidiaries, including Theiss, had already deployed INCITE. It was therefore natural that they would move their projects on to the enhanced Aconex platform.
This from the original Aconex/CIMIC strategic partnership announcement:
"The strategic partnership is expected to build long-term commercial value for both companies.
Aconex anticipates that the partnership will generate a minimum of A$16.5 million of committed revenue for the base management of existing and new projects over the next four years.
INCITE Keystone currently hosts projects for CIMIC subsidiaries including Leighton Contractors; Leighton Asia, India and Offshore; and Thiess, the world’s largest contract miner, as well as other companies such as John Holland."
The agreement also stated that Aconex would:
"Provide cloud collaboration services for existing and new CIMIC infrastructure and construction projects in eight countries."
https://www.aconex.com/news/article/aconex-forms-strategic-partnership-cimic-group
CIMIC continues to roll out new infrastructure projects at a truly amazing pace- here is the latest, for BHP and Mitsubishi. Construction will commence this year.
Oct 25th 17.
CIMIC Group mining services provider Thiess has secured $440 million worth of work at BHP Billiton Mitsubishi Alliance’s Caval Ridge and Peak Downs coal mines in the Bowen Basin.
Over three years, Thiess will deliver mining services for specific components of work including the services required for Caval Ridge Southern Circuit (CRSC).
“We’re extremely proud to be partnering with BMA, building on our longstanding history in central Queensland,” Thiess managing director Douglas Thompson said.
“This contract will enable Thiess to deliver productivity efficiencies, working with BMA to bring additional job opportunities to the region.”
Thiess said its work at Caval Ridge would start by the end of the year.
BMA is investing about $270 million in an 11km overland conveyor system to transport coal from Peak Downs Mine to the Coal Handling Preparation Plant (CHPP) at Caval Ridge.
The Caval Ridge Southern Circuit capital growth project, near Moranbah in the Bowen Basin, is expected to create up to 400 new construction jobs and lock in about 200 ongoing operational roles.
It will also result in the Caval Ridge preparation plant increasing its throughput to reach its 10 million-tonne-per-year capacity.
https://www.i-q.net.au/main/thiess-awarded-440m-in-bma-contracts
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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