Leighton Asia (LEI) secures a A$172 million contract for the provision of mining services at the Martabe Gold Mine in North Sumatra Province, Indonesia. Martabe Gold Mine is recognized as a world class gold/silver asset; containing a resource base of 6.5Moz gold and 66Moz silver. Located in North Sumatra Province, Indonesia, it is part of G-Resources Group Ltd’s (G-Resources) operations. PT Leighton Contractors Indonesia, a division of Leighton Asia, has been awarded a contract to undertake the mining activities, including mine haul road construction, topsoil removal, drill and blast, mining of waste and the construction of mine infrastructure. Production will ramp up to 10 Mtpa once at full production and PT Leighton Indonesia has commenced mobilization and the first equipment is due on site in early August 2010.
Managing Director of Leighton Asia, Hamish Tyrwhitt, said, “we are excited by the opportunity to work closely with G-Resources. Our project team has a solid reputation for delivering Greenfield projects in Asia, drawing upon Leighton’s core skills and significant abilities.” The award of the mining contract highlights Leighton Asia’s ability to deliver robust mining solutions to clients across Asia and reaffirms the company’s competitive position and solid abilities in Indonesia. “This contract will enable Leighton Asia to diversify its mining operations in Indonesia both by commodity and geography,” Mr. Tyrwhitt said. “Accordingly we will be optimising local employment with intensive training programmes, highlighting our commitment to the local community and other important stakeholders,” he said.
Leighton Asia is part of the Leighton Group, Australia’s largest project development and contracting group with annual revenues exceeding US$16.5 billion. Leighton Asia has been operating in Asia for 35 years. Based in Hong Kong, the company also operates in Macau, China, Mongolia, Taiwan, the Philippines, Guam, Thailand, Vietnam, Laos, Cambodia and Indonesia. Focused on success and with a unique combination of local knowledge and international experience, Leighton Asia is the region’s international contractor of choice. It owns the Martabe gold and silver project in North Sumatra and is looking to grow an Asia Pacific focused world class gold company. The Company has a market capitalisation1of approx. US$0.87 billion / HK$6.77 billion with 14.1 billion shares on issue. Top 20 shareholders include major international resource funds and Hong Kong and Mainland China institutions.
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Tags: LEI, Leighton Asia, Mining Services, New contract
