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LENDLEASE GROUP

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Lend Lease Group : Lend Lease secures A$210m earthworks contract in Queensland

05/04/2012 | 03:00am EDT

Lend Lease today announced it has secured a circa A$210 million contract to carry out bulk earthworks for the BHP Billiton Mitsubishi Alliance (BMA) Caval Ridge Mine project in central Queensland.

The contract will be delivered by Abigroup, part of Lend Lease's Australian construction business. It covers the Southern Package of Bulk Earthworks for the infrastructure of the coal mine located in the Bowen Basin approximately 18km south east of Moranbah. The contract is predominantly earthworks, and includes a range of supporting infrastructure for the mine such as roads and drainage.

Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann, said the contract builds the Group's growing presence in the central Queensland resource sector.

"We now have over A$400 million work in progress in this growth sector in Queensland," said Mr McCann.

"This latest award illustrates the depth and capability of our infrastructure operations. The majority of specialist bulk earthworks plant will be supplied internally from Abigroup's own construction plant fleet, one of the largest and most efficient in Australia."

The Caval Ridge Mine development is part of a Queensland wide expansion of selected coal mines owned by BMA. The project is a 5.5Mtpa greenfield development of the mine in the north coupled with a 2.5 Mtpa expansion of the Peak Downs Mine to the south.

ENDS

For further information, please contact:

Investor Relations:
Sally Cameron
Group Executive - Investor Relations
Tel:02 9236 6464
Corporate Affairs:
Iwona Polski
Group Media & External Communications Manager
Tel: 02 9237 5034
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© Publicnow 2012
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Sales 2022 10 311 M 7 696 M 7 696 M
Net income 2022 261 M 195 M 195 M
Net Debt 2022 1 399 M 1 044 M 1 044 M
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Number of Analysts 11
Last Close Price 10,84 AUD
Average target price 12,91 AUD
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Anthony Peter Lombardo Global Chief Executive Officer, MD & Director
Simon Collier Dixon Group Chief Financial Officer
Michael James Ullmer Chairman
Jane Sharman Hemstritch Independent Non-Executive Director
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