A key step in this strategy is to divest non-core capital-intensive businesses. Over the past few months, we have made significant progress in this space.
Since November 2020, Downer has sold a number of non-core businesses, with total proceeds of $526 million received from sales to date.
“An important part of our Urban Services strategy is to exit our capital-intensive Mining and Laundries businesses,” Downer CEO, Grant Fenn, said.
“We remain in active discussions with a number of interested parties in relation to Open Cut Mining East and the Otraco tyre management business.”
Downer has worked with Santos since 2011, and in February last year began a three-year framework agreement to provide multi-disciplinary services across their existing upstream operational sites.
In a rapidly evolving energy and industrial sector, innovation is key to success, and Downer’s Asset Services business is leading the way.
Downer has a long history of investing in the health and wellbeing of our workers, and our new partnership with MATES in Mining extends this commitment.