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Ann: GENERAL: DOW: Downer awarded expanded Christmas Creek contract

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    • Release Date: 23/02/15 11:02
    • Summary: GENERAL: DOW: Downer awarded expanded Christmas Creek contract
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    					DOW
    23/02/2015 11:02
    GENERAL
    PRICE SENSITIVE
    REL: 1102 HRS Downer EDI Limited
    
    GENERAL: DOW: Downer awarded expanded Christmas Creek contract
    
    23 February 2015
    DOWNER AWARDED EXPANDED CHRISTMAS CREEK CONTRACT
    
    Downer EDI Limited (Downer) today announced it had been awarded an expanded
    contract to perform mining services for Fortescue Metals Group Limited
    (Fortescue) at the Christmas Creek open cut iron ore mine in Western
    Australia.
    
    Mining operations at Christmas Creek currently take place at two sites -
    Christmas Creek 1 and Christmas Creek 2. Downer currently performs mining
    services at Christmas Creek 1 while Macmahon Holdings Limited performs mining
    services at Christmas Creek 2.
    
    Fortescue has decided to consolidate the mining services at Christmas Creek
    into a single contract that commences in April 2015. The new consolidated
    contract, including drill and blast and load and haul of overburden and iron
    ore, has been awarded to Downer.
    
    The Chief Executive Officer of Downer, Grant Fenn, said Downer was very
    pleased to be able to help Fortescue improve productivity and efficiency at
    Christmas Creek.
    
    "This expanded contract highlights the strength of our relationship with
    Fortescue and the quality of our service," he said.
    
    Downer's new contractual arrangement with Fortescue, which runs until the end
    of September 2016, is valued at approximately $720 million. The new contract
    includes an option for an additional year.
    
    Fortescue will provide the majority of the additional plant and equipment
    required for the expanded scope of the contract.
    
    For further information please contact:
    
    Michael Sharp, Group Head of Corporate Affairs and Investor Relations
    +61 439 470 145
    Luke Thrum, Manager Investor Relations
          +61 459 828 720
    
    Downer EDI Limited (Downer) provides services to customers in market sectors
    including Mining, Rail, Transport, Utilities, Telecommunications and
    Engineering, Construction and Maintenance. Downer employs approximately
    20,000 people primarily in Australia and New Zealand but also in the
    Asia-Pacific region, South America and Southern Africa.
    End CA:00260983 For:DOW    Type:GENERAL    Time:2015-02-23 11:02:31
    				
 
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