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Leighton Holdings Limited’s (ASX:LEI) mining division has been awarded a contract by coal explorer QCoal, for the Jax coal project in Queensland’s northern Bowen Basin.
The contract includes construction of the mine industrial area and is valued at $430 million.
The Jax Mine is expected to receive approval by the Queensland government later this year.
Leighton and Qcoal have previously worked together in the development of the greenfield Sonoma Mine.
In the first half of the 2012 financial year, Leighton reported a net profit $345 million.
