07/12/2012 | Editor: Marcel Dröttboom
Downer EDI has been awarded a long-term rolling contract with TEC Coal, a wholly owned subsidiary of Stanwell Corporation, to provide mining services at Meandu Mine in South East Queensland. Downer will provide a total mine service to TEC Coal.
The cost reimbursable contract, which has an initial term of five and a half years, will commence in January 2013 and have a value in the range of AUD 600 to 800 million (approx. EUR 500 to 670 million). Downer will provide a total mine service to TEC Coal. This includes mine management, planning, drilling, overburden removal (including dragline and truck-and-shovel operations), coal mining, coal processing, rehabilitation, and maintenance of mobile and fixed plant. TEC Coal will provide the majority of the required plant and equipment.
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