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- 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
(20min delay)