AUCKLAND: Downer EDI Limited announced that it had completed the transition of underground mining services at OZ Minerals’ Carrapateena mine to Byrnecut Australia.

As announced on 20 January 2021, the transition included the transfer of equipment from Downer to Byrnecut.

Downer confirms it has received $56 million (representing book value) for the sale of plant and equipment and, when combined with the unwinding of working capital, the proceeds to Downer will total approximately $70 million.