Media/ASX and NZX Release

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    26 May 2020
    Downer EDI Limited (Downer) announced today it was expanding its relationship with Fortescue
    Metals Group (Fortescue) through the provision of Early Mining and Maintenance Services at
    Eliwana iron ore mine, located in the Pilbara region of Western Australia.
    This is the second Eliwana project package to be executed by Downer, the first being the Bulk
    Earthworks contract which commenced in late 2019.
    The new agreement is valued at approximately $450 million over five years.
    Under the agreement, Downer will complete early works operations over two years as the mine site
    is established. After this initial two-year term, the operations will transition to Fortescue’s
    autonomous mining fleets. Downer will remain at the mine site and provide maintenance services
    for a further three years.
    The Chief Executive Officer of Downer, Grant Fenn, said Downer was a leading provider of mining
    services in Australia.
    “Downer has a long-standing relationship with Fortescue and we are very pleased to be expanding
    our services,” Mr Fenn said. “We are proud to be supporting the development of the Western Hub
    and the communities that will benefit from the mine.”

    courtesy of Bell Direct

    (DYOR )

    i hold DOW

    and i would have thought FMG would have slowed new expenditure ... interesting

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