Hot Stock Pick Leighton Holdings (LEI)

Hot Stocks – Leighton Holdings (LEI)

Leighton Holdings (LEI) is the world’s largest contract miner and one of the world’s largest major project development and constructing organisation. Currently, it boasts an almost $10 billion market capitalisation.

LEI won a $1.1 billion, six year, contract extension to expand mining services at the MSJ coal mine in Indonesia.

The contract will see LEI’s subsidiary, PT Leighton Contractors Indonesia, expand the overburden removal and coal mining operations to more than 8 million tonnes per year.

The latest contract win brings LEI’s Asian work-in-hand to over $7 billion.

Australian share price for LEI climbed 2.2% yesterday.