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