Not sure that Leighton has a contract for Ravensthorpe.
According to Fin. Review today (p. 41) BHP plans to reduce the mining rate at Mount Keith in WA which will affect Leighton.
"Leighton has a $130 million a year mining contract for Mount Keith that expires next month"
"More worrying for Leighton could be BHP's decision to reduce its coking coal production by up to 15 per cent in response to weaker demand" "According to JP Morgan, Sydney based Leighton has mining services contracts with five of BHP's coal mines in Queensland, four of which produce coking coal"
LEI Price at posting:
$17.32 Sentiment: None Disclosure: Not Held
