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Leighton Holdings Limited (ASX:LEI) subsidiary Thiess has won a four-year contract with Wesfarmers Limited (ASX:WES) for work in the Curragh North Coal Mine in Central Queensland’s Bowen Basin.
Thiess says the contract is worth $570 million and extended the current 10-year agreement signed in 2010.
Wesfarmers Resources managing director Stewart Butel says Thiess has been awarded the work in a very challenging environment for the industry.
Mr Butel says the companies are working together to review areas of efficiency and agree on a strategy that will ensure Curragh maintains its position as a cost-competitive operation.
Leighton generated a net profit of $360.2 million in the first half of fiscal 2013.
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