Leighton Asia offered $273m contract
Leighton Holdings Limited (LEI) said subsidiary Leighton Asia has been awarded a $273 million, six-year contract from Mongolia Energy Corporation (“MEC”) to develop and operate the Khushuut coal mine in western Mongolia. The company said it is the second contract that MEC has awarded Leighton Asia in the region.
Leighton said the contract is based on a mine plan which ramps up to an initial 3 million tonnes of coking coal per year and includes 48.5 million cubic metres of material movement and anticipated ramp up to 5 to 6 million tonnes or more of coking coal per year.
The company said Leighton Asia is responsible for all mining activities including load and haul of waste, load and haul of coal, drill and blast, mine planning, technical support, site camp management and catering services.
Leighton Asia managing director, Hamish Tyrwhitt, said the award brings the businesses total number of mines to three in Mongolia.
”Our work in hand at Leighton Asia has now reached a record level of $6 billion,” Mr Tyrwhitt said.
As at 1018 AEST, Leighton shares were up 92c to $32.31.
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