CONSTRUCTION giant Leighton Holdings says it has been awarded two new mining contracts in Indonesia worth close to $US700 million ($834.38 million).
The contracts are for the provision of mining services at two coal mines in South Kalimantan and East Kalimantan.
The largest of the two contracts is a six-year deal with PT Wahana Baratama Mining worth $US610 million, for mining services at the Wahana coal mine in South Kalimantan.
It is the largest mining project Leighton Asia (Southern) has ever been awarded, the company said.
The second contract is a two-year deal with PT Multi Harapan Utama (MHU) worth $US70 million at its Samarinda coal mine in East Kalimantan.
Leighton said it would provide land clearing, drill and blasting services, the loading and hauling of overburden, coal mining, and the haulage of coal to port.
Managing director of Leighton Asia (Southern) David Savage said the company was well placed to benefit from the continued strength of the resources market.
“We have built a reputation in the Indonesian mining industry for efficient project delivery, and as a result we are in the fortunate position of being able to capitalise on the ongoing growth in this market,” Mr Savage said.
“These projects take our work in hand in Indonesia to $US800 million, underwriting our business there for the next few years and providing us with a solid platform for future growth.”
Leighton said it was working on six other mines in Indonesia and would be mining over nine million tonnes per annum.
Leighton Asia (Southern) is the group's operating company covering operations in Malaysia, Brunei, Sri Lanka, Indonesia, India and the Arabian Gulf.
By 1504 AEST, Leighton shares dipped 78 cents to $43.49.
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