Leighton Holdings Limited’s
(ASX:LEI) subsidiary Thiess has won a $1 billion mining contract to extend the life of OZ Minerals'
(ASX:OZL) Prominent Hill copper and gold mine.
Thiess says it’s well underway in the planning, training and implementation of the ramp-up, requiring a substantial expansion of its existing operation.
The new contract means the mining services company will carry out mining operations for OZ Minerals at the South Australian mine until 2018. It has already been building infrastructure for OZ Minerals, and providing mining services at Prominent Hill, since 2006.
Leighton Holdings booked a net loss of $406 million in the 2011 financial year.
