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- Release Date: 05/02/14 13:57
- Summary: GENERAL: DOW: Cosmo Gold Mine Contract
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DOW
05/02/2014 11:57
GENERAL
REL: 1157 HRS Downer EDI Limited
GENERAL: DOW: Cosmo Gold Mine Contract
Media/ASX and NZX Release
5 February 2014
COSMO GOLD MINE CONTRACT
Downer EDI Limited (Downer) today announced it had received a Notice of
Intent from Crocodile Gold Corp for the award of a mining services contract
at the Cosmo Gold Mine in the Northern Territory.
Subject to the contract being executed, the two-year deal, valued at
approximately $70 million, will commence in March 2014.
The scope of work includes development, mining and all other associated works
to maintain the required supply of mill feed ore at the mine's underground
operations, known as Cosmo Deeps.
Crocodile Gold is a Canadian company with three operating mines in Australia.
The Chief Executive Officer of Downer, Grant Fenn, said Downer was one of
Australia's leading diversified mining contractors.
"Our highly skilled and experienced underground mining team looks forward to
working with Crocodile Gold Corp on this important project," he said.
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, Telecommunications, Water
and Property sectors across Australia, New Zealand and the Asia Pacific
region.
End CA:00246681 For:DOW Type:GENERAL Time:2014-02-05 11:57:05
(20min delay)