- Release Date: 30/07/15 17:13
- Summary: GENERAL: DOW: Downer receieves Letters of Award for Carmichael Mine CHPP
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DOW 30/07/2015 17:13 GENERAL PRICE SENSITIVE REL: 1713 HRS Downer EDI Limited GENERAL: DOW: Downer receieves Letters of Award for Carmichael Mine CHPP Media/ ASX and NZX Release 30 July 2015 DOWNER RECEIVES LETTERS OF AWARD FOR CARMICHAEL MINE CHPP Downer EDI Limited (Downer) announced today it had received two Letters of Award from Adani Mining Pty Ltd (Adani) advising of its intention to enter into contracts in relation to the Coal Handling and Preparation Plant (CHPP) at the proposed Carmichael Coal Mine in Central Queensland. The first Letter of Award relates to the engineering, procurement and construction works for the CHPP with the project to be delivered by a joint venture between Downer and POSCO Engineering and Construction Australia Pty Ltd. This contract will be valued at approximately $420 million. The second Letter of Award relates to the operations and maintenance activities for the CHPP to be performed by Downer, with an estimated value of $260 million over the initial five year term with two additional one year options. Both Letters of Award are subject to the parties executing binding contracts, with either party able to terminate the Letters of Award if contracts are not executed by 30 September 2015. Condition precedents in the contracts are expected to include Adani obtaining all necessary statutory approvals and project finance to develop the proposed 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 (Downer) is a leading provider of services to customers in markets including Transportation, Mining, Energy and Industrial Engineering, Utilities, Communications and Facilities. Downer employs about 20,000 people, mostly in Australia and New Zealand but also in the Asia-Pacific region, South America and Southern Africa. End CA:00267719 For:DOW Type:GENERAL Time:2015-07-30 17:13:55
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- Ann: GENERAL: DOW: Downer receieves Letters of Award for Carmichael Mine CHPP
Ann: GENERAL: DOW: Downer receieves Letters of Award for Carmichael Mine CHPP
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