Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DOWNER EDI LIMITED Capital/Financing Update 2015

May 3, 2015

64784_rns_2015-05-03_c8b15677-0ddf-409e-aa55-8b0affe01a21.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Downer EDI Limited ABN 97 003 872 848 Triniti Business Campus 39 Delhi Road North Ryde NSW 2113 1800 DOWNER www.downergroup.com

Media/ ASX and NZX Release

4 May 2015

DOWNER AWARDED $70 MILLION UNDERGROUND MINING CONTRACT

Downer EDI Limited (Downer) today announced it had received a Letter of Intent from Cobar Management Pty Limited advising of its intention to enter into a contract with Downer for mining services at the CSA Mine, which is an underground copper mine located in Cobar, Central Western NSW. The Letter of Intent is subject to the parties executing a binding agreement.

Cobar Management Pty Limited is a wholly owned subsidiary of Glencore plc, a global diversified natural resource company.

The two year contract is valued at approximately $70 million and has an additional one year option. It is scheduled to commence in July 2015.

The scope of works includes mechanised decline and lateral development mining and haulage, with the provision of ground support services including shotcrete and cable bolting.

The Chief Executive Officer of Downer, Grant Fenn, said the contract award was an endorsement of Downer’s underground mining capabilities.

“Downer has a highly skilled and experienced hard rock underground mining team and we continue to build this part of the mining business,” Mr Fenn said.

“We look forward to working with Cobar Management on this important project.”

For further information please contact:

Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828 720

Downer EDI Limited (Downer) is a leading provider of services to customers in markets including Transportation, Mining, Energy and Industrial Engineering, Utilities, Communications and Facilities. Downer employs about 20,000 people, mostly in Australia and New Zealand but also in the AsiaPacific region, South America and Southern Africa.

Page 1 of 1