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The mining arm is HWE’s largest business, contributing $A695.7 million, or about 62% of the group’s total revenue, in the year to the end of June 2004.
Leighton’s Simon Jemison said the company would spend the next couple of weeks working out how to combine Leighton Mining’s operations with HWE Mining’s corporate team in Western Australia and Queensland.
“The expectation is that the HWE brand, profile and systems stay in place in WA,” Jemison said.
“The intention is to keep the HWE head office in Perth and use that as the base for the region of WA, Northern Territory and South Australia, in much the same way as HWE runs its business at the moment.”
“In terms of the issue of staff and job cuts, we don’t see any at all, the key message is to retain all staff. To some extent, the message has been to keep HWE as the fabulous little company that it is.”
The sale remains subject to HWE and Leighton completing and executing a Business Sale Agreement, and a number of other conditions including Leighton receiving the approval of the Foreign Investment Review Board.
Leighton is a wholly owned subsidiary of Leighton Holdings and is Australia’s largest construction and contract mining group.
