July 15, 2010
Leighton Asia has secured a A$700 million contract adjustment to increase production at the Ukhaa Khudag (UHG) coal mine in southern Mongolia.
Energy Resources LLC has requested Leighton Asia to expand the production capacity at its UHG coal mine in the South Gobi region of Mongolia. The contract adjustment will ramp up production rates from current levels to 15 million tonnes per year by January 2013. Leighton Asia was awarded the mining contract for the UHG Mine in February 2009 and coal production commenced in April 2009 with total production of 1.8 million tonnes in the year ended 31 December 2009.
Managing Director of Leighton Asia, Hamish Tyrwhitt, said “the request to expand capacity was a testament to Leighton’s strong performance since 2009. It further demonstrates our ability to deliver world class mining solutions to our clients, both through the quality of our people and the safety and reliability of our operations. Our strong working relationship with Energy Resources and the local communities in the South Gobi region will ensure the continued success of this project.”
Link to Official Announcement here
"Mogi" Munkhdul Badral
CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based ASX Licensed Financial Services Company. To trade ASX stocks, feel free to contact me at firstname.lastname@example.org or +976-9999-6779.