Downer awarded three year mining contract
Page 1 of 1
Media/ASX and NZX Release
6 August 2018
DOWNER AWARDED THREE YEAR MINING CONTRACT
Downer EDI Limited (Downer) today announced it had signed a contract with Cobar Management Pty
Limited for the provision of mining services at the CSA mine, which is an underground copper mine located
in Cobar, Central Western NSW.
Cobar Management Pty Limited is a wholly-owned subsidiary of Glencore plc, a global diversified natural
resource company.
The three year contract, with Cobar Management having at its discretion an option to extend the term up to
24 months, is valued at approximately $120 million and follows the successful completion of a three year
mining services contract awarded to Downer in May 2015.
Downer’s scope of works includes mechanised decline and lateral development mining and haulage, with the
provision of ground support services including shotcrete and cable bolting.
The Chief Executive Officer of Downer, Grant Fenn, said he was very pleased to be continuing Downer’s
relationship with Cobar Management.
“Downer has a strong track record of providing mining services to Cobar Management and helping it to drive
efficiencies across its operations. We look forward to extending our working relationship and continuing to
deliver efficient solutions for the CSA mine,” Mr Fenn said.
About Downer
Downer is the leading provider of integrated services in Australia and New Zealand and customers are at the
heart of everything it does. It exists to create and sustain the modern environment and its promise is to work
closely with its customers to help them succeed, using world-leading insights and solutions to design, build
and sustain assets, infrastructure and facilities. Downer employs approximately 56,000 people across more
than 300 sites, primarily in Australia and New Zealand, but also in the Asia-Pacific region, South America
and Southern Africa. It also owns 88 per cent of Spotless Group Holdings Limited. For more information visit
downergroup.com.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145
Downer EDI Limited
ABN 97 003 872 848
Triniti Business Campus
39 Delhi Road
North Ryde NSW 2113
1800 DOWNER
www.downergroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- CHI — Channel Infrastructure NZ Limited: Refinery welcomes dredging decision2018-07-18
“NZX Announcement 18 July 2018 Refinery welcomes dredging decision Refining NZ welcomes the decision by the hearings panel appointed by the Northland Regional Council to grant resource consents for the Company’s dredging project. We are currently reviewing the detailed…”
- IFT — Infratil Limited: Tilt Renewables Support Agreement Dundonnell Wind Farm2018-09-11
“agreement with Citigroup Global Markets Limited and Forsyth Barr Group Limited in relation to a A$300 million equity raising. Based on the updated Project costings undertaken by the Company, the required equity funding has reduced to A$280 million and accordingly, the proposed…”