Thiess has successfully acquired Australian underground mining specialist PYBAR Holdings Limited to enhance its service offerings and capitalize on the growing demand for critical minerals essential for energy transition.

Information on the Target

PYBAR Holdings Limited, an Australian-based underground mining specialist, has established itself as a significant player in the metals sector over the past 30 years. The company, along with its 100% subsidiary, Pybar Mining Services Pty Ltd, specializes in underground mining operations and has developed a strong reputation for its operational excellence and client-focused services.

With a committed workforce and a proven track record, PYBAR is renowned for delivering high-quality projects, making significant contributions to the mining landscape in Australia. The company's expertise in underground mining will bolster Thiess's existing capabilities and meet the growing demand for underground minerals essential for energy transition initiatives.

Industry Overview in Australia

The underground mining industry in Australia is a critical component of the country’s economy, providing significant employment and contributing to both local and national wealth.