PRESS DIGEST-Australian Business News - Jan 22 Wed Jan 21, 2009 3:08pm EST Email | Print | Share| Reprints | Single Page[-] Text [+] Market News
THE AUSTRALIAN FINANCIAL REVIEW (http://www.afr.com)
Australian mining services companies are expected to come under further pressure following yesterday's announcement by BHP Billiton (BHP.AX) (BLT.L) that it was cutting jobs and production levels at some of its mining operations. Companies such as Transfield Services, GRD and Leighton Holdings are likely to be affected. Transfield has a A$120 million contract to provide maintenance for a number of BHP's nickel mines, while Leighton has a A$130 million-a-year contract which is due to expire next month. Page 39.
TSE Price at posting:
$1.86 Sentiment: None Disclosure: Not Held
