Tuesday, April 26, 2011

Mines News: Leighton Joint Venture Secures Service Contract for Botswana Mines

A joint venture between Leighton International, Basil Read Mining and Bothakga Burrow has received a $586m mining service contract for Debswana diamond mines in Jwaneng, Botswana.

 

Debswana is jointly owned by the Botswana Government and Swiss-based De Beers Group.

 

Under the contract, the joint venture will provide mining services for 66 months to deliver the cut 8 phase 2 contract, including mine scheduling, drill and blast, truck and shovel waste removal, and limited ore mining.

 

On completion, the joint venture will move a total of 156 million cubic metres of material.

 

Leighton Holdings CEO David Stewart said the contract is the company's first mining project in Africa.

 

"Strategically it makes sense for Leighton to take our mining capability to resources markets such as South Africa. We see this region, which includes Botswana, Zambia, Namibia, Tanzania and Mozambique, as offering a significant range of mining opportunities," Stewart said.

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