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DOWNER EDI LIMITED — Capital/Financing Update 2018
Apr 16, 2018
64784_rns_2018-04-16_2aeb56b0-b7fd-4d81-801f-fd637382d7af.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
17 April 2018
DOWNER AWARDED CONTRACT FOR CARRAPATEENA UNDERGROUND MINING SERVICES
Downer EDI Limited (Downer) announced today that it had been awarded a contract with OZ Minerals Carrapateena Pty Ltd (OZ Minerals), valued at approximately $660 million over six and a half years, to provide underground mining services at the Carrapateena copper gold project in South Australia.
The scope of work to be carried out by Downer includes:
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site setup and development to the top of the ore body and infrastructure excavation;
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production setup and ramp up; and
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bedding in steady-state operations at nameplate site capacity.
Downer is scheduled to commence mining services at Carrapateena from 1 July 2018.
This mining services contract is in addition to the engineering, procurement and construction contract awarded to Downer, with its joint venture partner Ausenco Pty Ltd, in December 2017.
The Chief Executive Officer of Downer, Grant Fenn, said Downer was pleased to be expanding its relationship with OZ Minerals at Carrapateena, which is located approximately 160 kilometres north of Port Augusta in South Australia.
“This new contract is an excellent example of the breadth of services we can offer to customers in the mining and resources sector,” Mr Fenn said. “We look forward to working closely with OZ Minerals to ensure this important project is delivered safely and efficiently.”
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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