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Sat 6 Jan 2007 12:00 AM

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Leighton mining contract

Leighton Holdings has been awarded a US $236 million (AUD300 million) contract by OneSteel to manage iron ore mining operations in the Middleback Ranges

Leighton Holdings has been awarded a US $236 million (AUD300 million) contract by OneSteel to manage iron ore mining operations in the Middleback Ranges.

The deal extends the nine-year relationship between Onesteel and HWE Mining, which is now part of Leighton Contractors.

OneSteel’s growth initiative, Project Magnet, will see it increase the production rate of magnetite and hematite iron ore in the South Middleback Ranges to over nine million tonnes a year by the middle

of 2007.

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