The company said that the new equipment for the contracts, totaling approximately AUD190m, will be deployed over the next 12 months and funded primarily through operating cash flow and new finance and operating leases.
The company claims that the contracts provide better utilisation of equipment and resources across both mine sites and will result in substantially improved productivity and returns.
Downer has ample funding capacity for the BMA contracts and also the Fortescue Metals Group contract at Christmas Creek for which Downer is the preferred bidder.
