re: Ann: Downer EDI Secures over $400 million... Here it...

  1. 1,753 Posts.
    re: Ann: Downer EDI Secures over $400 million... Here it is.


    Downer EDI Limited Level 3, 190 George Street T +61 2 9240 9000
    ABN 97 003 872 848 Sydney NSW 2000 F +61 2 9240 9056
    PO Box N6 92 W www.downeredi.com
    Grosvenor Place NSW 1220
    Company Announcements Platform
    Australian Securities Exchange and New Zealand Stock Exchange

    10 November 2009


    DOWNER EDI SECURES OVER $400 MILLION WORTH OF NEW CONTRACTS

    Downer EDI Limited (Downer) today announced its Engineering division has secured more than
    $400 million worth of contracts including a two-year contract valued at $170 million with
    Wesfarmers Curragh Pty Ltd (as a significant component of the expansion of its Curragh Mine in
    Central Queensland) and more than $90 million worth of contracts with BHP Billiton Iron Ore at its
    Rapid Growth Phase 5 Project in Western Australia.

    Downer has also secured more than $70 million worth of electrical and instrumentation contracts
    for the Woodside Pluto LNG Project and additional electrical contracts with clients totaling more
    than $75 million.

    Downer EDI Managing Director and CEO, Geoff Knox, said the new contracts demonstrate the
    robustness of the Group’s business model and provide a sound indication of the prevailing
    opportunities for the company in the mining, oil and gas, and petrochemical industries.

    “These wins reinforce Downer’s position as a leading provider of mechanical and electrical
    contracting services,” Mr Knox said.

    “The Curragh project, scheduled to commence in December this year, includes design and
    construction of a stand alone coal-processing facility to increase the mine’s total processing
    capacity to 2300 t/h. The project also involves tie-ins to existing brownfields infrastructure.

    “We have also further grown our long-term relationship with BHP Billiton, securing contracts totaling
    more than $90 million with BHP Billiton Iron Ore, to provide electrical and instrumentation services for
    the Rapid Growth Phase 5 Port Handling Services Project at Port Hedland,” Mr Knox said.
    ...1/2

    The company’s work-in-hand remains in excess of $16 billion.

    < ENDS >
 
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