Leighton wins $186m contract
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Leighton Holdings (LEI) subsidiary Thiess has won a $186 million contract to design and construct a coal handling and preparation plant for Boggabri Coal Pty Ltd.
In a statement to the Australian Securities Exchange, the Thiess Sedgman joint venture said the plant would support Boggabri Coal's mining operation in the Gunnedah Basin in New South Wales as it expands annual production to 6.9 million tonnes.
The contract has a direct value to Leighton of $124 million through Thiess and its 33% stake in Sedgman.
Design and procurement work is underway with the plant scheduled for completion in the second quarter of 2015.
Leighton chief executive Hamish Tyrwhitt said the contract shows the group's capability.
"Sustained global demand for resources – primarily out of Asia – will continue to underpin a good range of opportunities for the group for the foreseeable future," Mr Tyrwhitt said.
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