News: DOW Downer EDI Secures $450M Contract From Fortescue

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    May 26 (Reuters) - Downer EDI Ltd (DOW) :

    • DOWNER EXPANDS FORTESCUE RELATIONSHIP WITH $450M CONTRACT
    • UNDER DEAL, DOWNER WILL COMPLETE EARLY WORKS OPERATIONS OVER TWO YEARS AS MINE SITE IS ESTABLISHED
    • PROVISION OF EARLY MINING & MAINTENANCE SERVICES AT ELIWANA IRON ORE MINE
    • AFTER INITIAL 2-YEAR TERM, OPERATIONS WILL TRANSITION TO FORTESCUE'S AUTONOMOUS MINING FLEETS
    • NEW AGREEMENT VALUED AT ABOUT $450 MILLION OVER FIVE YEARS
    • CO WILL REMAIN AT MINE SITE AND PROVIDE MAINTENANCE SERVICES FOR A FURTHER THREE YEARS

    Source text https://reut.rs/36vyAtH

    (([email protected];))

 
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$6.06
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