Diversifying to support the energy transition
Thiess is growing our commodities portfolio to include metals and minerals critical to the energy transition, and developing services to enable sustainable mining.
#Diversification
The race is on to develop cleaner, lower emission technologies to reduce the world’s dependence on fossil fuels.
The mining sector plays a pivotal role in supplying the metals and minerals critical to the energy transition.
Thiess is working to diversify across commodities, services and geographies, to make a meaningful contribution to the world's shift to zero emissions.
Learn more about our diversification efforts in the Thiess Group 2023 Sustainability Report.
#Progress on commodity and service diversification
Entered Indonesian nickel industry with Thiess securing Weda Bay Nickel contract
Thiess secured contract with Minera Centinela at Llana copper project in Chile
Thiess secured hire contract with Minera Lomas Bayas copper mine in Chile
MACA awarded contract at Atlas Iron’s McPhee Creek project in Western Australia
Thiess Rehabilitation secured contract at Idemitsu Australia’s Muswellbrook Coal Mine in New South Wales, Australia
Thiess autonomous mining fleet expanded to 21 autonomous haul trucks, nine autonomous drills and six semi-autonomous dozers
MACA Interquip awarded refractory upgrade design, engineering and construction contract at Tomingley Gold Operations, New South Wales, Australia
MACA awarded crushing contract for Extension Hill magnetite project in Western Australia
Thiess secured consulting service assignment with TATA Steel Downstream Products in India
First truck rebuild completed at the new Thiess Rebuild Facility on Batam Island, Indonesia
Thiess secured contract with Groote Eylandt Mining Company (GEMCO) Southern Lease manganese project, re-entering the Northern Territory
MACA awarded civil contract for M80 Ring Road Completion project in Victoria, Australia
By expanding our commodities portfolio to the critical minerals needed for the global energy transition, we're ahead of schedule on our target of rebalancing thermal coal revenue to less than 25% by 2027, and have reset this to 20% by 2030.
Commodities
Thiess continues to diversify our commodities portfolio. We support the rising demand for metals including copper – essential to the growth in electrification; nickel, zinc and molybdenum – key materials for the renewable energy sector; and lithium, which underpins battery evolution.
Services
We are leveraging our core competencies to develop service offerings for sustainable mining and lower emission markets – including rehabilitation, asset management, technology and consulting services.
In 2023, Thiess continued to expand our stand-alone rehabilitation business, Thiess Rehabilitation.
Operating regions
The Thiess Group services clients in seven countries: Australia, Indonesia, Mongolia, India, Chile, the United States, and Cambodia. Thiess and the Thiess Group will see organic growth in these countries, but we are also attuned to opportunities beyond those borders.
Our 2023 performance
Learn more about the sustainability performance of Thiess and other Thiess Group businesses MACA, Fleetco, and RTL (88% Thiess owned) in the Thiess Group 2023 Sustainability Report.