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DOW Downer Edi Limited

4.67
-0.03 (-0.64%)
20 Jun 2024 - Closed
Delayed by 20 minutes
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

Downer EDI Gets A$71.7 Million Contract From BHP Billiton

19/06/2012 2:27am

Dow Jones News


Downer Edi (ASX:DOW)
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From Jun 2019 to Jun 2024

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   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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