The Cimic Group Ltd (ASX: CIM) share price is up 1% to $32.40 today after the group revealed its subsidiary Theiss has been awarded a six-year $1.3 billion contract extension by Coronado Global Resources Inc for mining services at its Curragh coal mine in Queensland.
According to the announcement Theiss has provided support services at the mine since 2004 and under the terms of the contract Theiss will principally provide haulage, equipment maintenance, pit dewatering, mine rehandling, and other miscellaneous services.
Cimic reports on a calendar year basis and for the six months to June 30 2019 it reported a net profit of $367 million on revenue around $7 billion. For the full year it's forecasting net profit to land between $790 million to $840 million. It also paid an interim dividend of 71 cents per share and has previously flagged plans to buy back up to 10% of its issued shares over 2019 dependent on market conditions.
Other mining services groups include Worleyparsons Limited (ASX: WOR) and Monadelphous Group Limited (ASX: MND).
