- Release Date: 26/02/14 14:22
- Summary: GENERAL: DOW: Downer granted one year extension at Boggabri coal mine
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DOW 26/02/2014 12:22 GENERAL REL: 1222 HRS Downer EDI Limited GENERAL: DOW: Downer granted one year extension at Boggabri coal mine Media/ASX and NZX Release 26 February, 2014 DOWNER GRANTED ONE YEAR EXTENSION AT BOGGABRI COAL MINE Downer EDI Limited (Downer) today announced it had been granted a one year extension to its contract with Idemitsu Australia Resources Pty Ltd (Idemitsu) for the provision of mining services at Boggabri open-cut coal mine in New South Wales. Downer has been the contractor at Boggabri since the mine commenced production in 2006. The original contract ended in November 2011 and then Downer was awarded a five-year contract, extending its involvement until December 2016. The new extension means the contract now runs until 30 November 2017. Downer also announced that it has sold some of its mining equipment to Idemitsu for approximately $100 million. The Chief Executive Officer of Downer, Grant Fenn, said Downer and Idemitsu had been working closely together to reduce the overall costs at Boggabri coal mine. "We are very pleased to have been granted a one year extension at Boggabri and to have achieved a mutually beneficial outcome for the project," Mr Fenn said. "We look forward to continuing to deliver high quality and efficient solutions for Idemitsu at the Boggabri coal 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 (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand and the Asia Pacific region. End CA:00247515 For:DOW Type:GENERAL Time:2014-02-26 12:22:07
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