DOW
30/07/2015 17:13
GENERAL
PRICE SENSITIVE
REL: 1713 HRS Downer EDI Limited
GENERAL: DOW: Downer receieves Letters of Award for Carmichael Mine CHPP
Media/ ASX and NZX Release
30 July 2015
DOWNER RECEIVES LETTERS OF AWARD FOR CARMICHAEL MINE CHPP
Downer EDI Limited (Downer) announced today it had received two Letters of
Award from Adani Mining Pty Ltd (Adani) advising of its intention to enter
into contracts in relation to the Coal Handling and Preparation Plant (CHPP)
at the proposed Carmichael Coal Mine in Central Queensland.
The first Letter of Award relates to the engineering, procurement and
construction works for the CHPP with the project to be delivered by a joint
venture between Downer and POSCO Engineering and Construction Australia Pty
Ltd. This contract will be valued at approximately $420 million.
The second Letter of Award relates to the operations and maintenance
activities for the CHPP to be performed by Downer, with an estimated value of
$260 million over the initial five year term with two additional one year
options.
Both Letters of Award are subject to the parties executing binding contracts,
with either party able to terminate the Letters of Award if contracts are not
executed by 30 September 2015. Condition precedents in the contracts are
expected to include Adani obtaining all necessary statutory approvals and
project finance to develop the proposed Mine.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470145
Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (Downer) is a leading provider of services to customers in
markets including Transportation, Mining, Energy and Industrial Engineering,
Utilities, Communications and Facilities. Downer employs about 20,000 people,
mostly in Australia and New Zealand but also in the Asia-Pacific region,
South America and Southern Africa.
End CA:00267719 For:DOW Type:GENERAL Time:2015-07-30 17:13:55
(20min delay)