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DOWNER EDI LIMITED — Capital/Financing Update 2014
Feb 17, 2014
64784_rns_2014-02-17_0e4a5d9f-a05b-46dd-9772-5c3567415111.pdf
Capital/Financing Update
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Media/ASX and NZX Release
18 February 2014
DOWNER AWARDED COMMODORE COAL MINING CONTRACT
Downer EDI Limited (Downer) today announced it had been awarded a contract by Millmerran Power Partners to continue the provision of mining services at the Commodore open cut coal mine in South East Queensland.
The contract commences on 1 September 2014 and is for a five-year term, valued between $200-250 million, with the option for a five-year extension.
Downer has been providing a total mining service at Commodore since 2000 to deliver coal to the Millmerran Power Station.
The scope of works includes operating and managing the mine and associated activities, including mine planning and design, overburden removal, drill and blast, coal mining and rehabilitation. Downer also holds statutory responsibility for the mine site.
The Chief Executive Officer of Downer, Grant Fenn, said the new contract was a clear demonstration of Downer’s ability to deliver value for its customers.
“We are delighted to be continuing this 14-year partnership,” he said. “It is due to the strength of our relationship with Millmerran Power Partners that Commodore has become our flagship mining project in terms of environmental sustainability. It has been one of the first open cut coal mines in the world to completely switch its total fuel use to biodiesel and has also pioneered a program to independently verify fugitive methane emissions.”
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, Telecommunications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region.
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Downer EDI Limited ABN 97 003 872 848
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