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A$5.65 -0.1  -1.7%

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Mid Cap
Market Cap £2.20bn
Enterprise Value £3.19bn
Revenue £6.63bn
Position in Universe 132nd / 1911

Downer EDI secures $306.6 mln mining services contract at Gruyere Gold Project

Tue 19th December, 2017 9:37pm
Dec 20 (Reuters) - Downer EDI Ltd  DOW.AX , a mining 
contractor, said on Wednesday it had secured a mining services 
contract at the Gruyere Gold Project worth about A$400 
million($306.56 million). 
    The project is a joint venture between Gold Road Resources 
Limited  GOR.AX  and Gold Fields Limited  GFIJ.J , which hold 
equal stakes.  
    Downer will build haul roads and other infrastructure, as 
well as providing services such as the loading and hauling of 
ore and waste, over a five-year period. 
    Downer said in a statement it was scheduled to begin 
construction of infrastructure in early 2018, with mining to 
start in the fourth quarter of the 2018 calendar year. 
($1 = 1.3048 Australian dollars) 
 (Reporting by Aaron Saldanha in Bengaluru) 
 ((; +91 80 6749 1130; Reuters 
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