Posts Tagged ‘LEI’

    • ASX Company News: Leighton To Build Largest Hotel In Middle East

    Wednesday, February 22nd, 2012

    Habtoor Leighton Group (HLG), a subsidiary of Leighton (LEI) has been awarded a US$515 million (AED1.9 billion) contract by the Al Habtoor Group as part of the US$1.33 billion (AED4.875 billion) Habtoor Palace hotels development in Dubai. Under the agreement, HLG will be responsible for the construction of what will become the largest integrated hotel complex in the Middle East, comprising a five-level podium, one 36-storey tower and one 25-storey tower within a total GFA of 350,000 square metres. The development will include 1,600 hotel rooms, spread between three hotels (lifestyle, luxury and main) An iconic Las Vegas-style ‘aqua’ theatre; A French provincial-inspired garden; Food and beverage venues. The new development will be located on the site of the existing Metropolitan Hotel – Dubai’s oldest hotel – on Sheikh Zayed Road at the southernmost point of the “Old Town” development, which includes the Burj Khalifa and the Dubai Mall.

    HLG CEO and Managing Director, Mr Laurie Voyer, said he was delighted to have reached agreement with the Al Habtoor Group on such a large-scale project. “We have successfully completed a number of projects for the Al Habtoor Group in the past – including the Habtoor Grand and Metropolitan Hotels – and have always maintained a good working relationship with them. “We look forward to working with them again to create a development that will be a landmark for not only Dubai, but the entire Middle East.

    Leighton Group (HLG) is one of the leading diversified international contractors in the Middle East and North Africa. The Group operates in the UAE, Qatar, Kuwait, Saudi Arabia, Oman, Bahrain and Afghanistan. HLG is part of the Leighton Group, Australia’s largest project development and contracting group with annual revenues exceeding US$18 billion.

    www.leighton.com

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Secures $325 million Coal Seam Gas Contract

    Thursday, February 9th, 2012

    Thiess, a wholly owned subsidiary of Leighton (LEI),  has won a $325 million contract from coal seam gas explorer and producer QGC Pty Limited to construct gas processing facilities for one of Australia’s largest infrastructure projects. The six field compression stations and one central processing plant, to be built about 30km north- west of Dalby in southern Queensland, represent some of the upstream facilities being developed by QGC for its Queensland Curtis LNG Project (QCLNG). The facilities will process gas for transport via an underground pipeline to Gladstone. On Curtis Island, off Gladstone, the gas will be converted into liquefied natural gas for export.

    Thiess Managing Director Bruce Munro said the contract was testimony to the multi-disciplinary expertise and experience Thiess brings to such a large geographically-dispersed project. “Thiess has a culture of valuing and building long-term partnerships and we are proud to work with QGC on this project of state significance,” Mr Munro said. Work will begin in February 2012 and is expected to be completed in April next year. The project will extend Thiess’ presence in the upstream coal seam gas sector in the region where its founding fathers started the business more than 77 years ago.

    Thiess has an annual turnover of $7 billion and nearly $22 billion work in hand. With over 19,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly-owned subsidiary of Leighton

    www.leighton.com

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Awarded $1 billion Mining Contract

    Wednesday, February 8th, 2012

    Thiess Pty Ltd, a subsidiary of Leighton (LEI), has been awarded a six-year mining contract to extend mining operations at OZ Minerals’ Prominent Hill Copper and Gold Mine in South Australia. With an expected cumulative value of $1 billion, the contract award ensures that Thiess will undertake the mining operations for OZ Minerals until 2018. Thiess is well underway in the planning, training and implementation of the ramp-up which requires a substantial expansion of Thiess’ existing operation, peaking at five fleets of large mining equipment.

    Thiess’ Managing Director Bruce Munro is very pleased with the outcome for both OZ Minerals and Thiess. “This contract is recognition of Thiess’ strong partnership with OZ Minerals, a relationship built since 2006 when Thiess undertook the construction of infrastructure and then the mining for the greenfield operation at Prominent Hill,” Mr Munro said. Executive General Manager of Thiess’ Australian Mining Michael Wright says the expansion requires Thiess to employ an additional 170 people over coming months with the total open pit mining workforce expected to peak at 550 people. “We have been very successful with our operations at Prominent Hill, with a strong focus placed on employing and training local people, and on ensuring we have a diverse workforce with a strong culture,” Mr Wright said.

    Thiess’ $2.8 billion mining business in Australia and overseas provides turnkey services for mine owners, including mine development and approvals, mine planning, infrastructure design and construction, technical services, plant procurement and maintenance, and all facets of mining operations. The Prominent Hill operations are a crucial part of Thiess’ business. Thiess has an annual turnover of $7 billion and $22 billion work in hand. With over 19,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly owned subsidiary of Leighton Holdings Limited.

    www.thiess.com.au

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Asia Secures $1.2 billion Hong Kong Station Contract

    Friday, October 21st, 2011

    Leighton Asia (LEI) in joint venture with Gammon has secured a A$1.2 billion contract from the MTR Corporation to construct the West Kowloon Terminus Station North, part of the Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL). This is the biggest and final XRL civil contract to be awarded and the fifth MTR Corporation contract secured by Leighton Asia in the past two years, giving a total value of projects of A$2.4 billion. On completion, the project will provide a world-class rail terminus and serve as an international gateway to the mainland of China with a daily pass-through of over 100,000 passengers. Facilities will include nine long-haul and six shuttle platforms, customs and immigration facilities, departure lounges, duty free and other retail outlets. A key element is a dramatic steel and glass roof structure above the entrance that will be a prominent feature of the Kowloon skyline.

    Leighton Asia has the capability, experience and resource capacity across Asia to pursue additional projects with this important client with as much as A$7.6 billion of new projects expected to be released over the next five years.

    Bob Cooke, Acting Managing Director of Leighton – Asia, India & Offshore, said: “We are delighted to win this landmark project with a client with whom we share a long and successful relationship. It aligns with our strategic imperative to deliver major infrastructure projects in Hong Kong, one of the most advanced infrastructure markets in the world. We are ideally suited to successfully deliver this quality project with our significant building, rail and civil infrastructure experience.”

    Leighton Asia is a leading contractor in the Hong Kong market, with strong market share positions in both the civil infrastructure and building sectors. The company is strategically positioned to deliver much of the government’s annual capital works spend of over A$7.5 billion per year for the next five years. Leighton Asia is the only contractor that provides a full suite of construction and mining services across Asia, providing clients with a depth of international experience from the Leighton Group with entrenched local market knowledge.

    Since establishing a presence in Asia in 1975, Hong Kong-headquartered Leighton Asia has gone from strength to strength as one of the region’s leading construction and mining service providers. Over the ye ars, we have built up a s olid track record and a s trong reputation for reliability based on a uni que co mbination o f local k nowledge an d ex tensive international experience. The XRL is a cross-boundary transport infrastructure project that will provide high-speed rail services to the commuters of Hong Kong and mainland China. In 2008, the Hong Kong SAR Government entrusted the design and construction of the XRL to the MTR Corporation after many years of planning, design and consultation. The 26-kilometre long Hong Kong section of the XRL will be underground from the terminus in West Kowloon to the boundary crossing point at Huanggang, Shenzhen.

    www.leightonasia.com.au

    http://www.traderdealer.com.au/Fundamentals/lei

    Post to Twitter

    Tags: , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Holdings Secures $600 million In Lease Funding

    Friday, October 21st, 2011

    Leighton Holdings Limited (LEI) announced that it had successfully closed a US$600 million syndicated Master Lease Facility. The new 6-year Facility streamlines Leighton’s existing Indonesian leasing arrangements and provides the Company’s two operating subsidiaries in Indonesia with additional capacity to fund their expanding Indonesian mining activities.

    Leighton Holdings’ Chief Financial Officer, Mr Peter Gregg, said the new facility highlighted the strength of the Company and its ability to secure additional funding in the current financial market. “Leighton is in a very strong position globally with more than $46 billion work in hand and positive exposure to growth markets particularly in the infrastructure and resources sectors in Asia and Australia,” Mr Gregg said. “This new Facility will enable us to take advantage of the many opportunities available to the business in that country,” he said.

    LEIGHTON HOLDINGS LIMITED, founded in Australia in 1949, is the parent company of one of the world’s major project development and contracting organisations. We are also the world’s largest contract miner. Listed on the Australian Stock Exchange since 1962, Leighton Holdings is a top 40 company by market capitalisation and has its head office in Sydney, Australia. Leighton Holdings owns and operates through a number of diverse and independent operating companies: Leighton Contractors, Thiess, John Holland, Habtoor Leighton Group, Leighton Africa, Leighton Asia, Leighton Welspun India, Leighton Offshore and Leighton Properties. These operating companies provide development, construction, contract mining, and operation and maintenance services to the infrastructure, resources and property markets. They operate in more than 20 countries throughout Australia, Asia, the Middle East and Africa from headquarters in Australia, Hong Kong and Dubai. These operating companies directly employ around 50,000 employees and each function autonomously with its own Board and Managing Director.

    www.leighton.com.au

    http://www.traderdealer.com.au/Fundamentals/lei

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Holdings Secures Iraq Oil Contract

    Monday, October 17th, 2011

    Leighton Holdings Limited (LEI) announced that its subsidiary Leighton Offshore had been awarded a major contract by Iraq’s South Oil Company. The US$518 million contract forms part of the Crude Oil Export Facility Reconstruction Project, which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA). The Project involves the development of two offshore platforms, a 75 kilometer 48” oil pipeline and a Single Point Mooring system. The project aims to stabilize and expand Iraq’s crude oil export capacity, a lifeline of the Iraqi economy, by constructing a pipeline connecting crude oil storage facilities to the offshore crude oil export terminal in Fao, Basrah in Southern Iraq.

    Leighton Holdings Chief Executive Officer, Hamish Tyrwhitt said the contract award demonstrated the wealth of expertise and highlighted the Leighton Group’s broader strategy to become a major player in the offshore construction Industry. “Leighton Offshore has demonstrated its ability to deliver complex projects in difficult and remote locations and we are extremely proud to be a part of the rebuilding of Iraq’s oil export infrastructure which is critical to Iraq’s economy,” Mr Tyrwhitt said. Leighton Offshore Chief Executive Officer, Peter Cox, said offshore oil and gas sector represented a key area of growth for the Company. “Leighton Offshore is a leading engineering, procurement, construction, installation and commissioning (EPCIC) and life of field services (LOFS) contractor,” Mr Cox said. “This project builds on our experience in the installation of Single Point Mooring systems, offshore platforms and the laying of large diameter offshore pipelines working in diverse locations including across Asia, India, the Middle East and Africa.

    Leighton Holdings Limited, founded in Australia in 1949, is the parent company of one of the world’s major project development and contracting organisations. We are also the world’s largest contract miner. Leighton Holdings is a top 40 company by market capitalisation and has its head office in Sydney, Australia. Leighton Holdings owns and operates through a number of diverse and independent operating companies: Leighton Contractors, Thiess, John Holland, Habtoor Leighton Group, Leighton Africa, Leighton Asia, Leighton Welspun India, Leighton Offshore and Leighton Properties. These operating companies provide development, construction, contract mining, and operation and maintenance services to the infrastructure, resources and property markets. They operate in more than 20 countries throughout Australia, Asia, the Middle East and Africa from headquarters in Australia, Hong Kong and Dubai. These operating companies directly employ around 50,000 employees and each function autonomously with its own Board and Managing Director.

    www.leighton.com

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Awarded $300 million Oman Highway Contract

    Wednesday, September 14th, 2011

    Habtoor Leighton Group (LEI) has been awarded an OR 117 million (US$300 million) contract by Oman’s Ministry of Transport and Communications (MOTC) for the dualisation of a section of Oman’s Bidbid-Sur highway. In joint venture with Turkey’s Sezai Turkes-Feyzi Akkaya (STFA), the contract involves the expansion of a 75-kilometre section of road from a single, two-lane carriageway to a four-lane dual carriageway. The scope of work also includes the construction of nine interchanges and 50 kilometres of service roads. When complete, the road will facilitate safer travel for the increased volumes of traffic using this important arterial highway, which will by-pass the important rural town of Ibra, some 100 kms south of Muscat. Its dualisation is part of the Oman Government’s comprehensive upgrading of the country’s road network. Work on this section of the highway will begin immediately and is expected to be completed within three years.

    HLG CEO and Managing Director Laurie Voyer said the award was a significant win in one of the Group’s target growth markets. “We identified Oman as a key growth market for us as we expand across the Middle East,” he said. “We have an established reputation for delivering infrastructure and building projects in the UAE and Oman and this award represents a significant step forward as we expand our operating footprint further afield.” HLG has a reputation for delivering high-quality road infrastructure projects, having successfully delivered the Saadiyat Link Expressway in Abu Dhabi. “We have a proven track record in delivering complex projects to the highest quality and this project allows us to showcase our skills and deliver a project that will be of long-term benefit to the people of Oman for generations to come,” Mr Voyer said.

    The Habtoor Leighton Group (HLG) is one of the leading diversified international contractors in the Middle East and North Africa. The Group operates in the UAE, Qatar, Kuwait, Saudi Arabia, Oman, Bahrain and Afghanistan. HLG is part of the Leighton Group, Australia’s largest project development and contracting group with annual revenues exceeding US$18 billion.

    www.hlgroup.com.au

    www.leighton.com.au

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton Sells HWE Iron Ore

    Wednesday, August 10th, 2011

    Leighton Holdings Limited (LEI) announced that it has signed a Heads of Agreement for  the sale of the HWE Iron Ore entities and assets that provide iron ore contract mining services to BHP Billiton in Western Australia.

    Chief Executive Officer, Mr David Stewart said that BHP Billiton’s publicly stated intention to transition to an owner operator model was widely known and the potential sale of the Pilbara based iron ore assets represents a positive result for both parties. “The Heads of Agreement relates to the mining equipment, people and related assets that service the Area C, Yandi and Orebody 23/25 operations. The three operations collectively account for around 70 per cent of BHP Billiton’s iron ore mining in Western Australia and currently represent around A$1.1 billion of annual revenue and A$1.4 billion worth of work in hand for the Leighton Group,” said Mr Stewart. “The purchase price, subject to working capital adjustments and final documentation, is expected to be around A$705million. The potential sale would recognise the creation of substantial value by Leighton since it purchased HWE Mining out of administration in 2006.

    Leighton Holdings Limited, founded in Australia in 1949, is the parent company of one of the world’s major project development and contracting organisations. We are also the world’s largest contract miner. Leighton Holdings is a top 40 company by market capitalisation and has its head office in Sydney, Australia. Leighton Holdings owns and operates through a number of diverse and independent operating companies: Leighton Contractors, Thiess, John Holland, Habtoor Leighton Group, Leighton Africa, Leighton Asia, Leighton Welspun India, Leighton Offshore and Leighton Properties. These operating companies provide development, construction, contract mining, and operation and maintenance services to the infrastructure, resources and property markets. They operate in more than 20 countries throughout Australia, Asia, the Middle East and Africa from headquarters in Australia, Hong Kong and Dubai.

    www.leighton.com.au

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Thiess Secures Role In NSW Electricity Supply

    Tuesday, July 5th, 2011

    Thiess, a subsidiary of Leighton (LEI)  is to play a more significant role in delivering electricity infrastructure in New South Wales under an alliance with one of Australia’s largest energy network providers, Ausgrid. The alliance brings together Thiess, other partners and Ausgrid as the owner participant. It will deliver transmission cable projects for Ausgrid’s five year network investment program. Ausgrid expects to provide the alliance with approximately $50 million of project work per annum with a potential value to Thiess of $210million over five years. Projects will be assigned as they become necessary and the specific terms of individual projects will be negotiated on a case by case basis. Projects include the Surry Hills to Rose Bay cable project, the Mason Park to Rozelle cable project, as well as the Willoughby to Crows Nest and North Sydney cable project.

    Managing Director David Saxelby said Thiess was proud to participate in the alliance which will assist Ausgrid roll out one of the largest infrastructure programs in the nation. Ausgrid Managing Director George Maltabarow said, “About 50 percent of our major substations were built in the 1960s and 1970s, and some of our transmission cables were installed even before that. “The life span of major electrical infrastructure is around 40 or 50 years. Our electricity network has been well maintained and has performed well, however it’s now time to replace much of it from that era.

    Thiess has an annual turnover of $7 billion and $22 billion work in hand. With over 17,000 employees, it has become Australia’s leading and most trusted construction, mining and services contractor. Thiess is a wholly owned subsidiary of Leighton Holdings Ltd.

    www.leighton.com.au

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , ,
    Posted in ASX Company News | No Comments

    ASX Company News: Leighton To Build New Rail Line in Hong Kong

    Friday, May 20th, 2011

    The MTR Corporation has appointed Leighton Asia (LEI) to deliver two major contracts for the construction of the South Island Line (East) rail project worth a total of approximately A$547 million. One of the contracts is awarded to a joint venture between Leighton Asia and John Holland Pty Limited, which expects revenues of approximately A$101 million from its share. The South Island Line (East) will be a medium-capacity railway covering approximately 7 kilometres from Admiralty Station to South Horizons Station with intermediate stations at Ocean Park, Wong Chuk Hang and Lei Tung. Spanning many different civil engineering disciplines, the contracts require Leighton Asia to construct 2 kilometres of viaduct that will form the above-ground section of the railway, a 115-metre long Aberdeen Channel railway bridge, 1.1 kilometres of tunnels, two elevated stations at Ocean Park and Wong Chuk Hang, two underground stations at Lei Tung and South Horizons and related plant and ventilation buildings. Cut-and-cover construction methods and drilling and blasting will be used for tunnelling works. When completed, the South Island Line (East) will provide fast and reliable railway service for communities in the south of Hong Kong Island and help ease traffic congestion at critical bottlenecks like Aberdeen Tunnel and the central business district. Construction works are scheduled to begin in May 2011, with an expected completion date in 2015.

    “Leighton Asia has built a solid track record in rail infrastructure in Hong Kong over some three decades with a number of significant projects, including key sections of the Guangzhou-Shenzhen-Hong Kong Express Rail Link. Our significant rail and tunnelling experience makes us well suited to successfully deliver this project and we are pleased to be able to work with the MTR Corporation again,” Leighton Asia Managing Director Hamish Tyrwhitt 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 over 35 years. Based in Hong Kong, the company also operates in Macau, China, Mongolia, Taiwan, the Philippines, Thailand, Vietnam, Laos, Cambodia, Indonesia, Malaysia, Singapore and Brunei. Focused on success and with a unique combination of local knowledge and international experience, Leighton Asia is the region’s international contractor of choice.

    www.leighton.com.au

    www.leightonasia.com

    http://www.traderdealer.com.au/fundamentals/lei

    Post to Twitter

    Tags: , , , , ,
    Posted in ASX Trading News | No Comments

    « Older Entries
    Newer Entries »