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- Release Date: 15/03/12 14:02
- Summary: GENERAL: DOW: Downer enters Framework Agreement with Rio Tinto Iron Ore
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DOW
15/03/2012 12:02
GENERAL
REL: 1202 HRS Downer EDI Limited
GENERAL: DOW: Downer enters Framework Agreement with Rio Tinto Iron Ore
Media/ASX and NZX Release
15 March 2012
DOWNER ENTERS INTO FRAMEWORK AGREEMENT WITH RIO TINTO IRON ORE
Downer EDI Limited (Downer) today announced it had entered into a framework
agreement ("the Agreement") with Rio Tinto Iron Ore ("RTIO").
The Agreement provides Downer with preferred contractor status for the next
five years on nominated projects for electrical and instrumentation work
within Rio Tinto's 333 Capacity Expansion Programme of its Pilbara
operations, Western Australia.
The Chief Executive Officer of Downer, Grant Fenn, said Downer was pleased to
be building on its relationship with Rio Tinto and extending its service
offering to include electrical and instrumentation work.
"Downer Mining is currently providing fleet maintenance at Rio Tinto's Argyle
Diamond Mine, open-cut mining services as well as an indigenous recruitment
and development scheme at Paraburdoo Mine, and tyre management through Otraco
International at multiple sites across Western Australia," Mr Fenn said.
"Downer Rail has previously delivered locomotives for Rio Tinto Aluminium's
Weipa operations and we now welcome the opportunity to supply Rio Tinto Iron
Ore with the electrical and instrumentation works necessary to deliver
critical projects as part of the expansion of its iron ore operations in the
Pilbara."
The scope of work has not yet been finalised, however the first package of
works is expected to commence in the 2012 financial year.
CONTACT DETAILS
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:00220749 For:DOW Type:GENERAL Time:2012-03-15 12:02:26
(20min delay)