Thyssen Mining

What Thyssen Mining does

Thyssen Mining is a privately held, full-service underground mining contractor founded in Canada in 1960, operating as the North American arm of the German Thyssen Schachtbau group (which traces its underground mining heritage to the 1880s). The company provides integrated project-based contracting services spanning shaft sinking, mine development, contract mining, raise boring, ground freezing, and grouting, supported by specialized offerings including shaft rehabilitation, civil tunneling, ground control, shotcrete and ground support, oil well recovery, and engineering/technical studies. Its technological edge rests on proprietary systems — notably a ground freezing capability that has frozen more than 100 shafts with 250,000+ meters of freeze pipe and frozen ground down to 850m depth, a proprietary temporary headframe system, and a unique Pilot and Slash raise boring method — backed by 70,000+ meters of completed raises across North and South America.

The company generates revenue through competitive-bid, project-based enterprise contracts with major mining operators (Cameco, BHP, Mosaic, Nevada Gold Mines, New Gold, Hecla, Climax Molybdenum), energy companies (Husky Oil, Chevron Mining, PB Energy Storage), and research/government clients (Fermi Research Alliance's FERMILAB project). All engagements are custom-negotiated based on project scope, depth, complexity, and technical requirements, with no standardized pricing. Thyssen Mining executes these projects through a network of directly controlled subsidiaries and joint ventures: Thyssen Mining Inc. (U.S. operations), CMAC-Thyssen Mining Group (Quebec and Northern Africa), DC-Thyssen Mining (Latin America via Peruvian partner), Mudjatik Thyssen Mining (northern Saskatchewan with First Nations and Métis communities), and the TRL Partnership (Thyssen-Redpath-Ledcor for major potash consortium projects). This corporate architecture provides market access, regulatory goodwill, and capability specialization across diverse geographies and customer segments.

The company's headquarters is in Regina, Saskatchewan, with operational offices in Las Vegas, Nevada, and Sudbury, Ontario, supporting projects across Canada, the United States, and Latin America. Thyssen Mining is privately held under Thyssen Schachtbau International B.V., with no public financial disclosures, no venture capital funding rounds, and no equity ticker. Strategic positioning emphasizes full-service project partnership, safety leadership, in-house engineering from scoping through operational consulting, and leveraging parent-group expertise across the broader Thyssen global partner network.

Name

Thyssen Mining

Legal name

Thyssen Mining Construction Canada

Website

https://thyssenmining.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Thyssen Mining is a privately held, full-service underground mining contractor founded in 1960 in Canada, providing shaft sinking, mine development, raise boring, ground freezing, and grouting services to enterprise mining, energy, and government clients across North America and Latin America.

Ownership category

akta.pro rank

Product category

Underground Mining Contracting Services

NAICS

Support Activities for Metal Mining (213114), Support Activities for Nonmetallic Minerals (except Fuels) Mining (213115)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)

akta.pro secondary industries

Mine Construction & Development Contracting (Shaft Sinking, Tunneling, Pre-Strip, Civil Works) (IMAKAKAG), Shaft Sinking, Raise Boring & Underground Development Works (IMAKAOAC)

Keywords

• Underground mining contracting
• Shaft sinking services
• Raise boring services
• Ground freezing services
• Mine development services

Headquarters

HQ city

Regina

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Contract Mining Services: Thyssen Mining operates as a contract mining and underground construction contractor. Revenue is generated through project-based contracts for services including shaft sinking, mine development, contract mining, raise boring, ground freezing, grouting, and civil tunneling. Projects are awarded on a competitive bidding basis with contracts ranging from specific task work to full mine development and operation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Thyssen Mining is a full-service underground mining contractor that delivers shaft sinking, mine development, contract mining, raise boring, ground freezing, and grouting services to mining, energy, and government clients across North America. The company combines proprietary ground-freezing and raise-boring technologies with a skilled workforce to execute deep shaft construction, mine production, and specialized underground excavation projects from scoping through execution and operational support.

Product overview

Thyssen Mining is a full-service underground mining contractor offering a comprehensive portfolio of integrated services. The core service offerings include Shaft Sinking, Mine Development, Contract Mining, Raise Boring, Ground Freezing, and Grouting, supported by specialized services such as Shaft Rehabilitation, Civil Tunneling, Ground Control, Project Management, Oil Well Recovery, Mine Rehabilitation, Electrical and Mechanical Installations, Shotcrete & Ground Support, Ramp Development & Drifting, and Technical Studies & Engineering. The company operates through subsidiaries including CMAC-Thyssen (long hole drilling expertise in Quebec), DC-Thyssen Mining (Latin American market entry via Peru partnership), and Mudjatik Thyssen Mining (First Nations partnership for northern Saskatchewan uranium operations). The integrated approach combines these services to deliver complete underground mining solutions from initial scoping through feasibility, execution, and ongoing operations.

Differentiator

Problem solved

Functional benefit

Brands

• Mudjatik Thyssen Mining (MTM): Joint venture between Thyssen Mining and Mudjatik Enterprises for underground mine construction and production mining in northern Saskatchewan
• TRL Partnership
• Thyssen Mining Inc. (TMI)

Products and services

• Shaft Sinking

Quantifiable outcome

• Completed FERMILAB project excavating 800,000 tons of rock for three caverns
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Thyssen Schachtbau GmbHcoreStrategic or Co-development PartnerPart of the Thyssen Group of Companies based in Germany with over 140 years of experience providing underground mining, contracting, engineering and manufacturing services. Comprises divisions providing conventional and freeze shaft sinking, precise drilling and blasting, cementation and fully mechanized shaft boring. The construction division specializes in civil engineering projects including disposal sites, road and railway construction, demolition with waste recycling, underground engineering and mining, pipeline construction, pipe drainage without trenches, water pipe and sewer rehabilitation.
• CMAC-Thyssen Mining GroupcoreStrategic or Co-development PartnerFull service mining contractor based in Val-d'Or, Quebec with expertise in long hole drilling and general mining contracting. Services mostly French-speaking clients in Canada as well as clients in Northern Africa.
• Mudjatik Thyssen Mining (MTM)coreStrategic or Co-development PartnerJoint venture between Thyssen Mining and Mudjatik Enterprises (a joint venture among various First Nations and Métis communities). The underground mine construction, development and production mining contractor of choice for northern Saskatchewan. Mission is to provide northern Saskatchewan's residents and communities the opportunity to responsibly participate in and benefit from the Saskatchewan uranium mining industry through career and business opportunities.
• DC-Thyssen MiningcoreStrategic or Co-development PartnerJoint venture between Deep Concept Mining (DC Mining), a well-established underground mining contracting company based in Peru, and Thyssen Mining. Strategic joint venture enabling Thyssen Mining to expand into Latin America while providing DC Mining with resources to continue expanding in this market.
• Byrnecut MiningminorStrategic or Co-development PartnerOne of the largest underground mining contractors in Australia and active throughout Asia and Africa, specializing in trackless mine development, mine production and shaft sinking. Listed as a global partner bringing additional expertise and equipment manufacturing resources.
• TRL Partnership (Thyssen-Redpath-Ledcor)coreStrategic or Co-development PartnerStrategic partnership for the Jansen Final Liner Project. Thyssen Mining completes shaft liner activities in both shafts at the BHP Jansen Potash Project including engineering and execution of final concrete and steel shaft lining of two 9m X 1000m deep-frozen shafts.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Barminco (Perenti): Underground mining services business (part of Perenti) offering mine development, production, and raise boring across Australia, Africa, and the Americas; comparable in service mix and tier-one mining customer base.
• Redpath Mining: Canada-based global underground mining contractor providing shaft sinking, raise boring, mine development, and contract mining across the same enterprise mining customer base as Thyssen Mining.
• Cementation Americas: North American underground mining contractor specializing in shaft sinking, raise boring, and mine development; competes head-to-head with Thyssen on potash, gold, and base metal projects in Canada and the U.S.
• Dumas Mining Contracting: Canadian mining contractor offering shaft sinking, mine development, and contract production services, particularly active in Quebec and West Africa with overlapping enterprise client roster.
• Byrnecut Mining: Australian-based underground mining contractor and an existing Thyssen global partner, providing shaft sinking, mine development, and production services; directly comparable underground mine contracting capability set.

Broad incumbents

• Macmahon Holdings: Australia-listed mining services group offering underground and surface mining contracting plus equipment maintenance; broader geographic footprint but overlapping underground contract mining expertise.
• Master Drilling: Global specialist drilling and raise boring contractor serving underground mines; competes for raise boring and shaft pre-development scopes that overlap with Thyssen's raise boring offering.
• Major Drilling Group International: Specialty drilling contractor primarily in mineral exploration and underground production drilling; adjacent to Thyssen's contract mining and raise boring services with shared mining customer base.
• Boart Longyear: Global drilling services and equipment provider for mining and exploration; adjacent services (production and exploration drilling) that intersect with Thyssen's underground development and raise boring scopes.

Emerging players

• RUC Mining Contractors: Boutique Australian underground mining contractor focused on shaft sinking, raiseboring, and mine development for hard-rock and metalliferous mines; capability-overlap with Thyssen but smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thyssen-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thyssen Mining