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DOWNER EDI LIMITED — Capital/Financing Update 2012
Jul 10, 2012
64784_rns_2012-07-10_70ae8642-81df-459c-846e-1be20bc38268.pdf
Capital/Financing Update
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Media/ASX and NZX Release
11 July 2012
DOWNER AWARDED NEW MINING SERVICES CONTRACT
Downer EDI Limited (Downer) today announced it had been awarded a long-term rolling contract with TEC Coal Pty Ltd, a wholly owned subsidiary of Stanwell Corporation Limited, to provide mining services at Meandu Mine in South East Queensland.
The cost reimbursable contract, which has an initial term of five and a half years, will commence in January 2013 and have a value in the range of $600 million to $800 million.
Downer will provide a total mine service to TEC Coal. This includes mine management, planning, drilling, overburden removal (including dragline and truck-and-shovel operations), coal mining, coal processing, rehabilitation, and maintenance of mobile and fixed plant.
TEC Coal will provide the majority of the required plant and equipment.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Telcommunications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region.
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A Triniti Business Campus, 39 Delhi Road, North Ryde NSW 2113 P PO Box 1823, North Ryde NSW 2113 T +61 2 9468 9700 | F +61 2 9813 8915 | W downergroup.com
Downer EDI Limited ABN 97 003 872 848