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Leighton Holdings Limited (ASX:LEI) wholly owned subsidiary, Thiess, has been awarded a $100 million contract from Fortescue Metals Group Limited (ASX:FMG).
The 18-month contract is for development works on the Solomon Hub iron ore mine in Western Australia’s Pilbara region.
Thiess will haul roads, stockpile pads and mine early ore and waste to establish the Solomon area for long term mining operations.
The company says the contract is the start of its relationship with Fortescue and that it is now well positioned to bid for further works on the mine development.
In the 2011 financial year Leighton Holdings swung from a full year profit to a loss of $406 million.
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