Jul 27, 2010

Leighton seals US$172 mio contract

Mining contractor Leighton Holdings Ltd has grabbed 5 year contract worth US$172 million or Rp1.4 trillion from gold mining company G-Resources Group Ltd in Martabe, North Sumatra. G-Resources controls 95% ownership in Martabe gold mining.
"We will start to work on the project in August 2010," said Leighton Asia's Managing Director Hamish Tyrwhitt as quoted by Investor daily today.
Martabe mining has gold reserves of 2.7 million ounce and silver reserves of 32.8 million ounce.

Disclosure: No position at the stock mentioned above. 

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