Tue, 13 May 2008
Australia's leading construction and contract mining group Leighton Holdings Ltd said on Monday its Thiess unit has been awarded a $250 million five-year coal mining contract in Indonesia, Thomson Financial reported.

The contract with PT Inkor Prima Coal includes overburden removal and mine support services at its Samboja coal mine in East Kalimantan, and is due to commence in June, the company said.

CommSec equities analyst Savanth Sebastian said the contract adds to a spate of new construction and mining contracts won by Leighton in recent weeks, which means its work-in-hand has reached the A$12 billion mark for the year to June 2009, needed to maintain earnings growth.

New orders include the group's first contract with Rio Tinto Iron Ore, won last month.

The contract, worth A$344 million, was the first to be awarded to Leighton by Rio Tinto.

The group, which is 54% owned by Germany's Hochtief AG, is also expanding in the Middle East through joint venture deals.



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