Leighton wins $300M Peak Downs contract extension

BHP Billiton Mitsubishi Alliance has awarded a three-year $A300 million contract extension to Leighton for overburden removal services at its Peak Downs coking coal mine in Queensland’s Bowen Basin.
Leighton wins $300M Peak Downs contract extension Leighton wins $300M Peak Downs contract extension Leighton wins $300M Peak Downs contract extension Leighton wins $300M Peak Downs contract extension Leighton wins $300M Peak Downs contract extension

Leighton Contractors.

Blair Price

Leighton said the contract will cover project management, surface mining, along with engineering and maintenance work to deliver the overburden removal services for the large open cut mine.

Leighton Mining general manager Steven Keyser said the contract extension acknowledged the great work done by the team at Peak Downs and their dedication to safety and excellence in mining.

“We have been working with BMA for over eight years, providing a range of services across a number of their mines in Central Queensland,” he said.

“We look forward to continuing and building upon this long-standing relationship that is underpinned by our proven performance.”

Leighton said its recent coal contract extensions amounted to more than $800 million, including the $350 million deal in June for Gloucester Coal’s Duralie mine and the $160 million contract in May for Macarthur Coal’s Moorvale mine.

According to BMA, Peak Downs has a production capacity of 9 million tonnes of coking coal per annum.

Premium hard coking coal from the mine set the benchmark for the year, fetching $US129 per tonne during annual contract negotiations in late March with Japanese steel makers.

Shares in BHP are up 13c this morning to $37.64 while Leighton shares are up 90c to $28.70.

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