News: Leighton signs MOU for Isaac Plains

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Leighton Holdings Limited (ASX:LEI) subsidiary John Holland has signed a memorandum of  understanding with Isaac Plains Coal Management to extend its mining services contract by one-year.



The deal is worth about $200 million and will commence in July this year.



John Holland’s scope of work will involve moving about 3.6 million run of mine tonnes of coal over the next 12 months.



In the first half of the 2012 financial year, Leighton reported a net profit $345 million.