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.

#Progress on 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.

In 2024, Thiess made strong progress on our diversification plans. We work to balance environmental, social and economic considerations to support the delivery of our strategy. Our strategy continues to focus on diversification of commodities, geographies and services.

Learn more about our diversification efforts in the Thiess Group 2024 Sustainability Report.

Read the report

#Snapshot: our diversified portfolio

Thiess Rebuild Centre on Batam Island, Indonesia is officially opened

MACA secured a contract extension for Sino Iron Project in Western Australia

The Thiess Group acquired PYBAR

Thiess re-entered Canada with the award of a mining services contract for the nickel and copper Stobie Open Pit Mining Project

MACA awarded roadworks contract for the Great Northern Highway Pinga St Interchange, Western Australia

Thiess secured a contract extension at the Prominent Hill Copper Mine in SA, which will take their service provision at the site to 20 years

Thiess announced significant stakes in LAAMP and Mechatronix, expanding the Group’s digital learning and asset services capabilities

MACA Interquip awarded engineering, procurement and construction management contract for Tomingley Gold Operation

MACA Interquip acquired Mintrex

MACA awarded a mining services contract at the Miralga Creek Iron Ore Project in the Pilbara

PYBAR awarded contract for the development of the Jericho Copper Mine and continued development of Eloise Copper Mine in Queensland, Australia

MACA awarded the Karijini road widening contract in Pilbara, Western Australia

MACA signed exclusivity agreement with gold exploration and mining company Emerald Resources NL

Thiess Khishig Arvin JV awarded contract at gold and copper Oyu Tolgoi Mine in Mongolia

By expanding our commodities portfolio to the critical minerals needed for the global energy transition, we're on track to achieving our target of less than 25% total revenue from thermal coal by the end of 2027 and less than 20% by the end of 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 2024, 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, Canada and Cambodia. Thiess and the Thiess Group will see organic growth in these countries, but we are also attuned to opportunities beyond those borders.