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8/8/2018 — General
New Cobar contract for Downer

Downer EDI Ltd (ASX & NZX: DOW) has signed a contract with Cobar Management Pty Ltd for mining services at the CSA mine – a deep underground copper mine near Cobar in New South Wales’ central west.

Cobar Management is a subsidiary of Glencore plc, a global diversified natural resource company.

The three year contract, with Cobar Management having discretion to extend the term up to 24 months, is valued at about $120 million and follows 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 provision of ground support services including shotcrete and cable bolting.

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Downstairs at the CSA mine. Source: Business Insider.