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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Downer Edi Limited | ASX:DOW | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -0.64% | 4.67 | 4.67 | 4.70 | 4.74 | 4.645 | 4.71 | 1,530,593 | 07:40:21 |
By Robb M. Stewart
MELBOURNE--Engineering firm Downer EDI Ltd. (DOW.AU) Tuesday said it received a contract worth 71.7 million Australian dollars (US$72.6 million) for electrical work on the expansion of BHP Billiton Ltd.'s (BHP) Jimblebar iron ore mining operation in the Pilbara region of Western Australia.
Downer in a statement said it would be responsible for work to provide power to a new mine at the operation--including supplying and installing electrical power and control components for two substations, modifications to existing substations and transmission lines, and the installation of a new power line between the town of Newman and the Jimblebar mine.
BHP last year approved spending US$3.4 billion for the development of the Jimblebar mine and rail links as part of a wider expansion of its mining capacity in the Pilbara. The efforts are expected to deliver initial capacity of 35 million metric tons a year, it has said.
Write to Robb M. Stewart at robb.stewart@wsj.com
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