Tata Steel signs a business cooperation agreement with Thiess
~ Aiming to redefine the way mining is done through new technology, mineral conservation, sustainability and safety ~
Tata Steel has signed a business cooperation agreement with Thiess to deliver mine technical services in areas such as exploration, resource evaluation and mine planning. Thiess will also collaborate with Tata Steel to deliver competitive integrated business solutions to the global mining industry. Thiess is one of the largest mining services providers based out of Australia.
Tata Steel will work closely with Thiess India Engineering Hub, which provides technical support to Thiess’ global operations, including geotechnical and mine engineering, technology service delivery, business process automation, and learning & development services.
On the alliance, D.B. Sundara Raman, Vice President, Raw Materials, Tata Steel said: “We are in the mining business for more than a century with the Natural Resource Division of Tata Steel providing various exploration & mine planning services to its captive mines for sustainable mining. We are pleased to start offering our mine technical services commercially through Tata Steel Industrial Consulting to the mining industry outside Tata Steel. This agreement will complement our capabilities & capacities to raise the standards of such services in India in particular and internationally in general for more scientific and sustainable mine development.”
Tata Steel is one of the world’s most geographically diversified steel producers, providing fully integrated steel operations – from mining to the manufacturing and marketing of finished products. The Company brings deep knowledge and experience in the manufacturing and selling of steel, as well as mining of required raw materials for steel.
Michael Wright, Executive Chairman & CEO, Thiess, said: “We are pleased to be working in collaboration with Tata Steel to deliver mine planning and engineering services. With a shared focus on value creation and sustainability, this agreement is the foundation for a strong partnership and complements our efforts to diversify our services and accelerate our growth across commodities and geographies.”
Tata Steel and Thiess together are uniquely positioned to deliver technical services for sustainable mine development over the long term.
Thiess is the world’s largest mining services provider based out of Brisbane, Australia. The Company partners with its clients to deliver excellence in open cut and underground mining in Australia, Asia, Africa and the Americas. The Company’s expertise spans most of the world’s commodities including metallurgical and thermal coal, lignite, iron ore, copper, nickel, gold and diamonds.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.
A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel’s Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021, received Steel Sustainability Champion recognition from worldsteel for four years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
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