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DOWNER EDI LIMITED — Capital/Financing Update 2016
Sep 14, 2016
64784_rns_2016-09-14_cfe394d2-e99d-4cac-9f36-eae95322cbb1.pdf
Capital/Financing Update
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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
15 September 2016
DOWNER AWARDED $250 MILLION OF MINING SERVICES CONTRACTS
Downer EDI Limited (Downer) today announced that it has won five contracts valued at over $250 million through its mining services businesses.
Downer Blasting Services (DBS) has recently been awarded the following three contracts for the supply, manufacture and delivery of explosives and down the hole blasting services:
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a three year contract, plus an option for an additional two years, with Newmont Asia Pacific at its Boddington Gold mine. This is a new opportunity for DBS and includes the customisation and then ongoing management of an onsite emulsion manufacturing facility;
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a three and a half year contract, plus options for an additional two, two-year extensions, with Karara Mining Limited at its Karara mine site; and
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a five year extension of the existing contract with Grange Resources (Tasmania) Pty Ltd at its Savage River mine site.
DBS has been providing blasting services at Karara since 2012 and at Savage River since 2007.
Downer has also been awarded an underground mining contract at Newmarket Gold Inc.’s Fosterville Gold which includes providing ground support services and related mining services. Downer currently provides mining services at Newmarket Gold Inc.’s Cosmo mine.
In addition, Waanyi ReGen (WRJV), a 50:50 joint venture between the Waanyi Prescribed Body Corporate (Waanyi PBC) and Downer's ReGen business, has been awarded a three year contract covering water and land management and erosion prevention activities at the Century mine site.
The Chief Executive Officer of Downer, Grant Fenn, said these contract wins with both new and existing customers highlighted Downer's broad capabilities in mining services.
“These new and extended contracts are a clear endorsement of Downer’s broad value proposition for mining services customers which includes enhancing safety, increasing productivity and engaging the local community,” Mr Fenn said.
About Downer
Downer EDI Limited (Downer) is a leading provider of services to customers in markets including: Transport Services; Rail; Mining; Utilities Services; Technology and Communications Services; and Engineering, Construction & Maintenance. We build strong relationships of trust with our customers, truly understanding and predicting their needs and bringing them world leading insights and solutions. Downer employs about 19,000 people across more than 200 sites and projects, mostly in Australia and New Zealand, but also in the Asia-Pacific region, South America and Southern Africa. For more on Downer, visit: www.downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations
+61 439 470 145
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