Subject to the contract being executed, the two-year deal, valued at approximately $70 million, will commence in March 2014.
The scope of work includes development, mining and all other associated works to maintain the required supply of mill feed ore at the mine’s underground operations, known as Cosmo Deeps.
Crocodile Gold is a Canadian company with three operating mines in Australia.
The Chief Executive Officer of Downer, Grant Fenn, said Downer was one of Australia’s leading diversified mining contractors.
“Our highly skilled and experienced underground mining team looks forward to working with Crocodile Gold Corp on this important project,” he said.
Cosmo should produce 150000oz in the 2 years of the contract (Mio70).
So Downer is digging for ca. A$466/oz.