Leighton Contractors, a wholly owned subsidiary of the Leighton Holdings Group, has won two new gold mining contracts, one in Western Australia and the other in the Northern Territory. The combined worth of these mining contracts is $317 million. Shares in the company shot up after the announcement last week.
The first contract is from Newcrest Mining for its Telfer mine in the Pilbara region and is worth $200 million. The mine is situated about 450 km east south east of the Port Hedland near the edge of the Great Sandy Desert. The contract is valid for a 27 month period. Leighton Contractors are to provide Newcrest Mining with mining equipment, workers and buildings.
The second contract is from Canadian company Crocodile Gold. This is worth $117 million and is to be at the Cosmo Deeps underground gold mine in the Northern Territory. Crocodile Gold will get the complete mining services set which includes a contract extension provision for the life of the mine which is expected to be about 10 years.
Executive General Manager at Leighton Contractors, Steven Keyser said that the proven track record for the company in delivering the goods in similar projects along with its existing surface and underground mining expertise have been key components for bagging the contracts. He was extremely pleased to have the opportunity to work with both these mining companies and be a part of the future success of these projects.