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DOWNER EDI LIMITED — Capital/Financing Update 2018
Sep 4, 2018
64784_rns_2018-09-04_76908023-1929-457d-86f6-69a12109d41c.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
5 September 2018
DOWNER AWARDED FIVE YEAR MINING CONTRACT EXTENSION
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 project is located adjacent to the Millmerran Power Station, approximately 200 kilometres west of Brisbane.
The contract extension is for an additional five-year term and is valued at $286 million. This will see Downer continue operations at Commodore until the end of August 2024.
Downer has been providing a total mining service at Commodore since 2001 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, drill and blast, overburden removal, coal mining and rehabilitation. Downer also holds statutory responsibility for the mine site.
The Chief Executive Officer of Downer, Grant Fenn, said the contract extension was a clear demonstration of Downer’s ability to deliver value for its customers.
“We are delighted to be continuing this 17-year partnership,” he said. “Downer has a strong record of providing mining services to Millmerran Power Partners and helping it to drive efficiencies across its operations. We look forward to extending our working relationship and continuing to deliver efficient solutions for the Commodore mine,” Mr Fenn said.
The contract builds on Downer’s recent successes in the mining, energy and resources and industrial sectors with the award of a $120 million mining services contract at the CSA mine in New South Wales, a five-year maintenance and support services contract at the Chevron-operated Gorgon and Wheatstone facilities in Western Australia, and a $660 million underground mining services contract at the Carrapateena copper gold mine in South Australia.
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the heart of everything it does. It exists to create and sustain the modern environment and its promise is to work closely with its customers to help them succeed, using world-leading insights and solutions to design, build and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit 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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