John Holland, a wholly owned subsidiary of Leighton, has signed a memorandum of understanding (MoU) with Isaac Plains Coal Management group to extend its existing mining services contract.

 

The agreement, estimated to be worth around $200 million, will include clearing, topsoil stripping, drill and blast, truck excavator waste removal, coal mining, rejects haulage, dump profiling and rehabilitation work. Approximately 3.6 million ROM tonnes of coal will be moved and pass through the mine over the next 12 months.

 

Leighton Holdings’ CEO, Hamish Tyrwhitt, said that the MoU reflects the positive outlook the company has on its mining business.

 

“Contract mining offers stable earnings and opportunities for growth, fuelled by continued high demand from Asia for coal and other minerals,” said Mr Tyrwhitt.

 

The new contract will be finalised in the coming months.