India/Australia – Multi-billion dollar mine contracts for Hochtief

Mine contracts in India and Australia for combined total of EUR 4.16 billion including production at Indian coal mine for period of 22 years.

Via its Group companies, HOCHTIEF subsidiary Leighton secured new mining contracts worth approximately EUR 4.16 billion (AUD 5.66 billion): Thiess as member of a joint venture will develop the Pakri Barwadhi coal mine in India, operate it for a period of 22 years and produce some 300 million tons of coal there.

Over the 22-year contract duration, the project has a volume of EUR 4.04 billion (AUD 5.5 billion) on total. The Leighton Group’s share of this is almost EUR 3.64 billion (AUD 4.95 billion).

Only recently did Leighton Contracts also win a mining contract: The company will undertake coal mining at the Dawson Mine in Australia for a period of two years. The contract is worth nearly EUR 119 million (AUD 159 million).

For the Pakri Barwadhi Mine, Thiess will first build the required infrastructure, including coal processing plants. The company shall subsequently mine coal, remove overburden and operate processing and rail loading facilities.

The client is NTPC, India’s largest electricity generator and a Government of India enterprise. The company plans five more coal mines.