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Oct 11, 2021

Downer sells last mining business for $150m

Downer sells last mining business for $150m

Downer EDI has completed its exit from mining with the sale of its Open Cut Mining East business to an Australian subsidiary of PT Bukit Makmur Mandiri Utama (BUMA), a large coal mining contractor in Indonesia. Downer will receive about $150 million in cash proceeds from the transaction, subject to completion adjustments. Chief executive officer…

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