Fortescue Metals Group Limited
(ASX:FMG) has increased the value of Leighton Holdings’ Limited
(ASX:LEI) Pilbara contract by $1.3 billion.
Leighton says Fortescue has awarded it a contract variation, lifting the total value of the agreement to $2.8 billion - the largest single contract in Leighton's history.
The contract adds work for Leighton on the Kings deposit at the Solomon Hub, to its existing commitments at the Firetail deposit.
Leighton Holdings CEO Hamish Tyrwhitt says the group continues to deliver value and cost effective solutions for its mining clients.
Separately, Leighton says it has completed the refinancing of a $600 million Syndicated Cash Advance Facility launched in April.
Leighton Holdings generated a net profit of $442 million in its 2012 financial year.
