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HOCHTIEF Subsidiary Awarded Billion Dollar Australian Mining Contract - Group benefits from global raw materials boom - Leighton remains world’s largest contract miner - HOCHTIEF.de
HOCHTIEF Subsidiary Awarded Billion Dollar Australian Mining Contract

 

NewswireToday - /newswire/ - Essen, Germany, 2012/02/07 - Group benefits from global raw materials boom - Leighton remains world’s largest contract miner - HOCHTIEF.de. ASX: CIM

   
 
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HOCHTIEF has been awarded a billion-dollar contract in the minerals sector via its subsidiary Leighton: the company’s participating interest Thiess will perform copper and gold mining at Prominent Hill Mine in South Australia for a period of six years. Raw materials have been extracted from the open-cast mine for a number of years. Thiess will now significantly expand these operations, peaking at five fleets of large mining equipment. The client is the raw materials company OZ Minerals and the contract has a volume of around AUD 1 billion (approximately EUR 820 million).

The mining activities of HOCHTIEF subsidiary Leighton have made it the world’s largest contract miner for a number of years. No other company mines more minerals on behalf of mine owners. In addition to Australia, Leighton’s participating interests mine valuable raw materials such as coal, iron ore, copper, nickel and gold in India, Indonesia and Mongolia using state-of-the-art technology, mostly in the form of open-cast mining. Its service portfolio also includes processing, transportation and the establishment of the necessary infrastructure. Leighton renaturates land after mining is complete and strives to employ as many people as possible from the surrounding area.

About HOCHTIEF

HOCHTIEF Aktiengesellschaft (hochtief.com) is the eighth-largest provider of construction-related services in the world and market leader in Germany. With more than 70,000 employees and a sales volume of EUR 20.16 billion in FY 2010, the company is represented in all the world's major markets. 92 percent of this output was generated abroad.

 
 
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Written by / Agency / Source: HOCHTIEF AG

 
 

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HOCHTIEF Subsidiary Awarded Billion Dollar Australian Mining Contract

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Publisher Contact: Christian Gerhardus - HOCHTIEF.de 
presse[.]hochtief.de
 
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