May 17, 2020

Thiess achieves milestone winning first contract in the Americas

2 min
Thiess has been awarded its first contract in the Americas, agreeing to a $137 million deal for the Encuentro copper mine in Chile.
Australia-based mining contractor Thiess has been awarded its first contract in the Americas, agreeing to a $137 million deal for the Encuentro Oxides o...

Australia-based mining contractor Thiess has been awarded its first contract in the Americas, agreeing to a $137 million deal for the Encuentro Oxides open pit copper mine in Chile. The four-year deal, which will be delivered in partnership with Emeco, will see Thiess commence pre-strip operations at the site beginning July 1 2015.

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For Thiess, the newly awarded deal will also serve as a catalyst to expanding its presence in North and South America, building on experience through previous operations in Asia, Africa and Australia.

“This project, the first venture for Thiess’s New Markets division, marks a significant milestone for Thiess as a global mining business,” said CIMIC Group Executive Chairman and Chief Executive Officer, Marcelino Fernandez Verdes.

“Through Thiess’s expert contract mining capabilities we plan to further diversify into new, reliable markets, including those in the Americas, to service the needs of clients such as Antofagasta Minerals (AMSA).”

According to Thiess Managing Director Michael Wright, the company will seek to leverage the Encuentro project to further grow and develop their presence globally.

“We are pleased to have the opportunity to work with AMSA on their Encuentro Oxides Project. This announcement reflects positive alignment between Thiess’s global mining capabilities and the South American marketplace. We will seek to leverage this project as a first step for further growth in Chile and globally.”

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“Expanding Thiess’s strong mining service capabilities into the Americas, and leveraging our strong base in Australia and Asia, allows us to offer mining solutions to clients in the resource rich regions of North and South America, in addition to Africa where we currently work,” said Wright.

Located in the Antofagata region of Chile, the Encuentro Oxides mine is expected to produce an estimated 50,000 tons of copper cathode per year. Production is slated to commence sometime in 2016.

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Jun 17, 2021

People Moves: Peter Cunningham appointed Rio Tinto CFO

Rio Tinto
Peter Cunningham
financial planning
Renewable Energy
2 min
Rio Tinto has appointed Peter Cunningham its Chief Financial Officer and he will also join the Board as an executive director

Rio Tinto has appointed Peter Cunningham as Chief Financial Officer (CFO) with immediate effect. Peter, who has been Interim Chief Financial Officer since 1 January 2021, will also join the Rio Tinto Board as an executive director at the same time.

Peter Cunningham appointed Rio Tinto CFO

Peter Cunningham was previously Group Controller and has held a number of senior financial and non-financial leadership positions across Rio Tinto in Australia and the UK. In a career spanning 28 years with Rio Tinto, he has held roles including Global Head of Health, Safety, Environment & Communities; Head of Energy and Climate Strategy; and Head of Investor Relations.

Prior to joining Rio Tinto, Peter qualified as a chartered accountant.

Rio Tinto CEO Jakob Stausholm commented: “I am delighted to confirm Peter in the role and, having worked closely with him for a number of years, I know he is the ideal person to be our Chief Financial Officer. His detailed knowledge of the company and of the financial and non-financial drivers of our industry will be invaluable as we continue to strengthen Rio Tinto.”

Rio Tinto Chairman Simon Thompson added: "I look forward to Peter joining the Rio Tinto Board and know from experience that his deep understanding of Rio Tinto and commitment to disciplined capital allocation will serve shareholders well and enrich our Board discussions.”

Rio Tinto aiming for net zero by 2050

Rio Tinto is aiming to reach net zero emissions across its operations by 2050. Across the company, it is targeting a 15% reduction in absolute emissions and a 30% reduction in emissions intensity by 2030, from a 2018 baseline.

Aluminium is found in everything from cars to phones. But one of the challenges of producing this essential material responsibly is finding ways to decarbonise the process.

Part of the reason is creating alumina – the main ingredient in aluminium – takes a lot of energy, which in turn creates greenhouse gas emissions. New technologies will be essential to helping reduce emissions, but many haven’t been proven. And some not yet even discovered. Rio Tinto is partnering with the Australian Renewable Energy Agency (ARENA)to develop hydrogen energy options and make a positive step towards these goals.

Rio Tinto Weipa

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