Thiess Contractors Indonesia Explained

Thiess Contractors Indonesia
Type:	Private
Foundation:	1988
Location City:	South Quarter, Jakarta
Location Country:	Indonesia
Industry:	Mining, Construction, Civil engineering
Parent:	Thiess Pty Ltd
Homepage:	www.thiess.com

PT Thiess Contractors Indonesia is a subsidiary of Thiess Pty Ltd, which is a wholly owned subsidiary of CIMIC Group.

History

Thiess originally commenced operations in Indonesia in 1972 when it acquired a 50% in Petrosea.^[1] After Thiess was taken over by CSR in 1980, the overseas operations including Indonesia operations were sold to Leighton Contractors.^{[2] [3]}

Thiess re-entered the Indoneasian market when Thiess Contractors Indonesia was established in 1988 and, working in a joint venture with PT Mintekindo Utama Into, started undertaking mining activities.^[4] Its first major mining contract was awarded in March 1989 by BHP at Senakin Mine in East Kalimantan.^[5]

Ownership

Thiess Pty Ltd hold a 99% shareholding in Thiess Contractors Indonesia.^[6]

Further reading

• Priest, Joan (1997). The Thiess Story. Boolarong Press.
• Raymond, Robert (1999). A Vision for Australia: The Snowy Mountain Scheme 1949-1999. Focus Publishing Pty Ltd.
• King, Stephanie (1999). Leighton: 50 Years of Achievement 1949-1999. Technical Resources Pty Ltd.

Notes and References

1. https://trove.nla.gov.au/newspaper/article/102212938 Thiess moves into S-E Asian contracting
2. https://trove.nla.gov.au/newspaper/article/137008188 CSR Offer Accepted - Thiess directors give up fight
3. https://trove.nla.gov.au/newspaper/article/127212229 CSR searches for stable investment opportunity with stable investment
4. https://web.archive.org/web/20200103100253/https://www.thiess.com/en/about-us/our-history/into-the-1980s Into the 1980s
5. Web site: Leighton scores big Indonesia coal contract. Mining Monthly. 3 January 2020.
6. CIMIC Group Annual Report for year ended 30 June 2018