Media/ASX and NZX Release
26 May 2020
DOWNER EXPANDS FORTESCUE RELATIONSHIP WITH $450M CONTRACT
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
i hold DOW
and i would have thought FMG would have slowed new expenditure ... interesting