Press Releases

Sydney, Mar 27, 2008 (ABN Newswire) - Leighton Asia, a subsidiary of Leighton Holdings, has secured three new projects worth $US300 million in Hong Kong and the Philippines.

In a joint venture with China State Construction Engineering, Leighton Asia was awarded a US$80 million contract for the construction of an aircraft maintenance hangar at the Hong Kong International Airport.

In the Philippines, Leighton Asia has been awarded two mining contracts.

OceanaGold has awarded Leighton the open cut mining project for the Didipio gold and copper mine.  The contract, valued at $US60 million, involves the construction of site accommodation and related earthworks, tailings storage facility and the open cut mining for the first phase of the mine project.

Leighton has also secured a six year relationship based contract valued at US$170 million to undertake mining operations at the Masbate Gold Mine in the Philippines.

"The award of these projects demonstrates our ability to be competitive in the region and supports our objective to become a global miner," Leighton Asia managing director, Hamish Tyrwhitt.

Leighton Asia has been operating in the Asian region for more than 30 years. Based in Hong Kong the company also operates in Macau, China, Mongolia, Taiwan, the Philippines, Guam, Thailand, Vietnam, Laos and Cambodia.

Leighton securities traded in a narrow range of $40.41 to $41.70, and closed slightly up, at $41.55.

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