QMEB ยป Company that hires inexperienced Queenslanders exited for $65M
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Company that hires inexperienced Queenslanders exited for $65M

Pybar underground worker
Pybar underground worker

An underground hard rock mining business that likes to employ unqualified jobseekers will be under new management.

Metarock Group recently sold its Pybar entity to Thiess Australia for about $65 million.

The share purchase agreement also covers fully owned subsidiary Pybar Mining Services, which is known for its New to Mining Program that gives inexperienced Queenslanders the opportunity to be paid, qualified, trained and offered full-time work across the Sunshine State.

Major Metarock shareholder M Resources Group has already approved the transaction. Other sale conditions still needed to be satisfied at the time of publication.

“Pybar’s specialist skills will expand the Thiess Group’s service offering to our clients, and open up a pipeline of opportunities in underground metals and minerals across Australia and globally,” Thiess group executive chair and CEO Michael Wright said in a public statement.

“We will retain the Pybar brand and will work with the leadership team to support their current clients, and grow Pybar’s strong brand within and beyond their current markets.”

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