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DOWNER EDI LIMITED — Capital/Financing Update 2018
Aug 5, 2018
64784_rns_2018-08-05_2b2b2447-159c-4685-84c4-6e552bec4ccb.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
6 August 2018
DOWNER AWARDED THREE YEAR MINING CONTRACT
Downer EDI Limited (Downer) today announced it had signed a contract with Cobar Management Pty Limited for the provision of mining services at the CSA mine, which is an underground copper mine located in Cobar, Central Western NSW.
Cobar Management Pty Limited is a wholly-owned subsidiary of Glencore plc, a global diversified natural resource company.
The three year contract, with Cobar Management having at its discretion an option to extend the term up to 24 months, is valued at approximately $120 million and follows the successful completion of a three year mining services contract awarded to Downer in May 2015.
Downer’s 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 he was very pleased to be continuing Downer’s relationship with Cobar Management.
“Downer has a strong track record of providing mining services to Cobar Management 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 CSA mine,” Mr Fenn said.
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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