Page 2 - Cimic Group News Today

More than 1000 workers needed for Kemerton lithium hydroxide upgrade

Real estate company Elan Group has granted Leighton India a Rs 1,000 crore ($142m) construction contract for its Elan The Presidential luxury housing project in Gurugram. The contract covers phase one of the project, which includes the development of 728 flats and is expected to be fully completed in 40 months. Leighton India will be responsible for the entire construction work including civil construction, site infrastructure and coordination with other contractors.

Australian contractor Leighton Asia has won a contract to build a 7.9km section of railway in Manila, the Philippines in a joint venture with First Balfour.

The change comes as members of Congress have called for the justices to be held to ethics standards similar to those for the executive and legislative branches.

Thiess, the mining arm of Cimic Group, has secured a letter of agreement (LOA) for an A$155m ($104.8m) contract to provide mining services to Minera Centinela’s Llano copper project in Chile.

US solar tracker supplier Array Technologies plans to set up a factory in Australia, after winning a contract to supply trackers for a 102 MW solar farm in the Australian state of Victoria.

Cimic Group, has received a $230.6m contract extension from Bayan Group to continue providing services at the Melak coal mine in Indonesia.

APA will construct, own and operate the Hunter power project’s gas pipeline connection to the Sydney -Newcastle pipeline, along with a 70 terajoule gas storage facility.

Indications last night are that the Fed is going to be even more aggressive in its tightening policy than feared. Dow down -280. (Available for non-subscribers after 10am)

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries. Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like…