News Articles

Mining 12 Oct 2021

WA group acquires stake in Downer assets

NSW's Downer EDI has sold its remaining mining services assets to a joint venture that includes Perth-based AvidSys Group for $150 million in cash.

Technology, Innovation & Science 14 Jul 2021

NBN awards $1.1bn in contracts

Four companies, including Downer EDI and Fulton Hogan, have won new contracts from NBN Co as part of the provider's move to update the network.

Deals 27 Apr 2021

Downer selling Otraco for $79m

Downer EDI has continued its shift from the mining services sector after announcing the sale of its tyre management business in WA.

Deals 02 Dec 2020

Downer sells down stake in laundries business

Contractor Downer EDI is selling 70 per cent of its laundries business to a private equity firm for $155 million.

Infrastructure 21 Jul 2020

Downer flags FY loss, $400m raising

Downer expects to report a full-year statutory net loss of $150 million-$160 million after recognising charges worth $386 million on account of goodwill impairment, restructuring and portfolio review costs.

Mining 26 May 2020

Downer wins further work at Eliwana

Downer has secured a $450 million contract with Fortescue Metals Group for early mining and maintenance services at the Eliwana iron ore mine in the Pilbara.

Mining 16 Mar 2020

Downer, Perenti suspend mining sale talks

Infrastructure group Downer EDI's possible sale of its mining business to Perenti Global has been suspended due to the market volatility caused by the coronavirus pandemic.

News 23 Jan 2020

CIMIC, Downer shares plunge

Shares in national contracting groups CIMIC and Downer have plummeted more than 20 per cent after the companies reported significant write-downs and higher costs respectively.

Mining 03 Oct 2018

Monadelphous wins $240m BHP contract

Engineering companies Monadelphous Group and Downer EDI have announced separate maintenance contracts with iron ore miner BHP Billiton.

Contracts 20 Dec 2017

Downer awarded $400m WA mining contract

Downer EDI has been awarded a $400 million contract to provide mining services at the Gruyere Gold Project in Western Australia.

Mining 24 Mar 2017

Downer down on $1.01bn raising plans

Shares in infrastructure and mining services company Downer have fallen more than 20 per cent after institutional investors showed limited enthusiasm for a capital raising to help fund its $1.26 billion takeover of cleaning and catering firm Spotless Group.

Deals 21 Mar 2017

Spotless shares soar on $1.3bn Downer bid

Shares in cleaning and catering company Spotless Group have jumped nearly 50 per cent after infrastructure and mining services firm Downer lobbed a $1.26 billion takeover offer.

Infrastructure 08 Mar 2017

Downer to buy NZ builder Hawkins

Infrastructure and mining services group Downer has agreed to buy New Zealand builder Hawkins for an undisclosed sum, as it expands operations in the Pacific nation.

Contracts 15 Sep 2016

Downer wins $250m of mining contracts

Downer has announced major contract wins at the Boddington gold mine and Karara Mining, with the latter signalling that the loss-making iron ore project is likely to continue operating.

News 04 Aug 2016

Downer hits guidance despite profit drop

Downer's full-year profit has dropped 14 per cent due to a slowdown in its main mining and construction divisions and write-offs related to an unsuccessful metro rail bid.

Contracts 24 Jun 2016

Downer JV wins $512m trains contract

A joint venture between Downer and Canadian train manufacturer Bombardier Transportation has won more work with the Public Transport Authority of WA, securing $512 million in contracts for both the supply of new trains and for maintenance services.

Mining 04 Feb 2016

Downer trims guidance as profit slips

Engineering and contracting group Downer EDI has trimmed its full-year profit guidance after posting a nearly 24 per cent drop in first-half profit, with one of the few positives being increased work on oil and gas projects in Western Australia.

Infrastructure 04 Nov 2015

Downer set to achieve profit guidance

Engineering group Downer expects to achieve its 2015-16 profit guidance of $190 million despite a continuing decline in mining-related capex by customers.

Deals 11 Mar 2015

Downer in $163m private transport play

The companies that run Melbourne's trams and the Gold Coast's privately owned light rail service are set to enter the Western Australian market after buying one of Perth's major bus operators.

Infrastructure 04 Feb 2015

Downer awarded $1bn train maintenance contract

Rail freight business Pacific National has awarded engineering firm Downer a $1 billion contract to provide maintenance services to 300 of the Asciano subsidiary's train fleet.

Infrastructure 31 Jul 2014

Downer JV wins $40m contract

A joint venture between Downer EDI and German train manufacturer Bombardier Transportation has secured a $40 million contract to supply maintenance services on 22 new Public Transport Authority tra

Mining 11 Jun 2014

Downer loses $360m of mine work

Downer EDI's overburden removal contract at the Goonyella Riverside coal mine in Queensland has been terminated by BHP Billiton Mitsubishi Alliance.

Mining 17 Dec 2013

Downer EDI wins $80m Rio contract

Downer EDI has been awarded an $80 million contract for electrical work at Rio Tinto's Yandicoogina iron ore mine in the Pilbara.

Mining 01 Nov 2013

More workers for Wheatstone

Downer EDI has secured a $400 million contract with Bechtel for two electrical and instrumentation packages for the downstream portion of the Chevron-operated Wheatstone project.

05 Aug 2010

Downer signs $3b deal with FMG

Shares in Downer EDI gained almost four per cent after the engineering firm said it won a six-year contract worth $3 billion to provide mining services to Fortescue Metals Group.

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