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BHP Group Limited — Capital/Financing Update 2009
Oct 18, 2009
14787_rns_2009-10-18_5986eb90-b577-4299-8417-2e5e86d9a6fc.pdf
Capital/Financing Update
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Company Announcements Platform
Australian Securities Exchange and New Zealand Stock Exchange
19 October 2009
DOWNER EDI MINING SECURES A FURTHER $170 MILLION IN CONTRACTS
Downer EDI Limited (Downer EDI) today announced its Mining division has secured a further $170 million in contracts this financial year.
Downer EDI Managing Director and CEO, Geoff Knox, said that in Western Australia the Mining division had secured a 33-month contract with BHP Billiton Iron Ore Pty Ltd, to quarry and crush 1.6 million bank cubic metres of fresh basalt at its Redmont Quarry southeast of Port Hedland.
Mr Knox said, “This new contract follows on from Mining’s previous contract with BHP Billiton Iron Ore at its Redmont site and we are pleased to continue our working relationship.
“I am also pleased to announce the signing of a second contract in Western Australia, with the Fortescue Metals Group Ltd (Fortescue), to provide blasting services to its Cloudbreak and Christmas Creek mines as well as other deposits in the region as required,” Mr Knox said.
“We have provided services to Fortescue since Cloudbreak’s start-up in 2007 and we are delighted to now formalise our continued support until 2012,” Mr Knox said.
The three-year contract is for a down-the-hole loading service, which includes supply, delivery and placement of explosives.
In Queensland, Downer EDI Mining has been successful in securing an extension to its Alliance Agreement with the Cracow Mining Joint Venture, managed by Newcrest Mining Limited on behalf of the joint venturers, Newcrest Mining and Lion Selection Limited. This extends the agreement relating to the Cracow underground mine until June 2011.
Level 3, 190 George Street T +61 2 9240 9000 Sydney NSW 2000 F +61 2 9240 9056 PO Box N6 92 W www.downeredi.com Grosvenor Place NSW 1220
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Downer EDI Limited ABN 97 003 872 848
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"We have been involved with the project since its inception in 2003 and were responsible for developing the greenfield site, including establishing surface facilities, decline and access development, and operating the new mine," Mr Knox said.
These projects take the value of new mining contracts and renewals so far this financial year to over $670 million and Downer EDI Mining’s work in hand to over $2.7 billion.
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CONTACT DETAILS
Investors:
Ross Moffat, Executive General Manager Investor Relations, T: +61 412 256 224
Media:
Maryanne Graham, Group General Manager Corporate Affairs, T: +61 407 252 230
Downer EDI Limited (www.downeredi.com) is an Australian top-100 company that provides comprehensive engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand, the Asia Pacific region and the United Kingdom.
Downer EDI Limited ABN 97 003 872 848
Level 3, 190 George Street T +61 2 9240 9000 Sydney NSW 2000 F +61 2 9240 9056 PO Box N6 92 W Grosvenor Place NSW 1220
W www.downeredi.com