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

Published 20/12/2017, 08:37 am
© Reuters.  Downer EDI secures $306.6 mln mining services contract at Gruyere Gold Project
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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)

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