Leighton secures $940m contract boost

A subsidiary of Leighton Holdings Ltd has signed a $940 million contract adjustment to increase production at a coal mine in southern Mongolia.

Leighton Asia signed the contract adjustment, which will pave the way for increased production at the Ukhaa Khudag coal mine, according to a statement from the parent company.

The mine produced 1.8 million tonnes of coal last year, after it commenced production in April.

Leighton's contract will allow production from the mine to be ramped up to 10 million tonnes a year by June 2011.

The coal mine is controlled by Energy Resources LLC and Leighton Asia was awarded the original mining contract in February last year.

Leighton Asia managing director Hamish Tyrwhitt, said the request to expand its capacity was the result of his company's success in developing a world class operation at the mine.

"Our strong working relationship with Energy Resources and the local communities in the South Gobi region will ensure the continued success of this project," Mr Tyrwhitt said in a statement.

Leighton Holdings is Australia's largest project development and contracting group.

Its Hong Kong-based subsidiary Leighton Asia has been operating for 35 years.

At 1511 AEDT shares in Leighton Holdings were down 24 cents, at $37.70.

Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic