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Downer Edi Ltd

Type: Company

Name: Downer Edi Ltd

Nationality: Australia

Web Address: http://www.downeredi.com.au/

Fact Sheet: Fact Sheet for Downer Edi Ltd

First reported May 17 2013 - Updated May 17 2013 - 1 reports

When big miners tighten belts, large contractors feel the pinch

Gina Rinehart's indignant edict imploring governments to stop treating miners like ''ATMs'' could just as well be aimed at the sector's mining contractors. For them, the easy cash is drying up, and at a much faster rate than expected.Andrew Wood, the ... [Published Melbourne Age - May 17 2013]

Entities: Andrew Wood, Richard Leupen, Mineral

First reported May 17 2013 - Updated May 17 2013 - 1 reports

NBN Co connects largest high-rise apartment to the NBN

NBN Co has connected a 36-storey apartment building in Australia to the . The building is the largest multi-dwelling unit (MDU) to be hooked up to the network to date.Art on the Park is a greenfield development located in William Street, Melbourne and ... [Published Computerworld Australia - May 17 2013]

Entities: NBN Co, Australia, Computerworld

First reported May 17 2013 - Updated May 17 2013 - 1 reports

UGL Ltd

UGL leads plunge for mining contractors

11 minutes ago, 10:00pm (ET) 05/16/2013 ABIXThe share price of other mining services contractors fell on 16 May 2013, following a profit downgrade by UGL. It had cut its earnings guidance for 2012-13 by nearly 40 per cent to between $A90 million and $A100 ... [Published Zecco - May 17 2013]

Entities: UGL Ltd, Australian Securities Exchange, Mining, Australia, Macmahon Holdings Ltd

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Macmahon Holdings Ltd

UGL leads mining contractors' plunge

SHARES in the nation's mining services contractors were hit again yesterday on the back of UGL's profit downgrade and stock price plunge, which prompted analysts to cut earnings and price targets for the engineering company. UGL slipped another 4.8 per ... [Published Adelaide Now - May 16 2013]

Entities: Richard Leupen, Mining, Macmahon Holdings Ltd, Downer Edi Ltd, Ausdrill Ltd

First reported May 15 2013 - Updated May 16 2013 - 1 reports

Mining slump fears hit markets

THE end of the investment boom in Australian resources has hit the bottom lines of mining services contractors, who are now being forced to slash earnings forecasts and flag potential writedowns as the wave of project delays and cancellations filter down ... [Published Adelaide Now - May 15 2013]

Entities: Richard Leupen, Mining, Sedgman Limited

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Australian Securities Exchange

Markets wobble after Rio, BHP presentation

with the benchmark S&P/ASX 200 easing 29.3 points to close at 5,191.7. Rio Tinto was down 3.1 per cent at $A55.77 and Downer EDI was 6.1 per cent lower at $A4.35. However, the Commonwealth Bank was 0.8 per cent higher at $A72.65 and Macquarie Group advanced ... [Published TradingCharts.com - May 15 2013]

Entities: Australian Securities Exchange, CSR Ltd, Downer Edi Ltd, AMP Ltd

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Downer Edi Ltd

Markets wobble after Rio, BHP presentation

Entities: Downer Edi Ltd, Commonwealth Bank of Australia, Macquarie Group Ltd

First reported May 15 2013 - Updated May 15 2013 - 1 reports

UGL slumps on profit warning

Engineering and mining contractor UGL has slashed its full-year profit guidance, blaming the slowdown in mining investment and poor project performance for its second downgrade this year.Shares in UGL slumped as much as 15.6 per cent to $8.08 in morning ... [Published Brisbane Times - May 15 2013]

Entities: Profit Warnings, Richard Leupen, Demerger

First reported May 09 2013 - Updated May 09 2013 - 1 reports

Australian Market Edges Higher After Opening Flat

After a flat start and a subsequent marginal fall, the Australian stock market is trading slightly higher on Thursday with investors indulging in some selective buying.Shares from healthcare, consumer discretionary and utilities sections are trading higher, ... [Published RTTNews.com - May 09 2013]

Entities: Market, National Australia Bank Ltd, News Corporation, US 1 Industries Inc

First reported May 07 2013 - Updated May 07 2013 - 1 reports

Kordia lands NBN design subcontract

Downer EDI has outsourced the design works for a $94 million NBN contract in Northern NSW to Kordia's Australian arm.Kordia said in a statement it would perform all design works for connecting fibre to homes in that portion of the rollout area.Downer ... [Published IT News Australia - May 07 2013]

Entities: Kordia, Downer Edi Ltd, Telstra Corporation Ltd

First reported May 05 2013 - Updated May 06 2013 - 2 reports

Downer sacked locals in favour of foreign workers: union

The CFMEU have accused Downer EDI of abusing 457 visas, claiming the company sacked 100 Australian workers while retaining foreign staff.Last month, Downer announced it was cutting 106 people at Boggabri mine after Japanese owner Idemitsu cut production ... [Published Australian Mining - May 06 2013]

Entities: Peter Jordan, sedative drug, Abuse, Workers

First reported May 01 2013 - Updated May 02 2013 - 1 reports

Detention company could run new rail link

Consortia led by detention centre company Serco and Hong Kong metro operator MTR, which also runs Melbourne's trains, have been shortlisted to operate Sydney's north-west rail link.Transport Minister Gladys Berejiklian announced the two finalists in the ... [Published Sydney Morning Herald - May 01 2013]

Entities: Gladys Berejiklian, MTR Corporation Limited, Custody, Consortium

Quotes

''What's important to note is the impact is really three-fold in the business,'' Wood told reporters on Friday. "It's a multiplying effect in the business when projects get cancelled or deferred."

When big miners tighten belts, large contractors feel the pinch [Published Melbourne Age - May 17 2013]

...analysis and routing documentation for both underground and aerial components, including coordination with Telstra and electricity utilities. "A high quality and timely design is critical to the successful and cost effective rollout of the NBN in northern NSW" it said. Downer EDI and Kordia have previously performed NBN works together in Queensland

Kordia lands NBN design subcontract [Published IT News Australia - May 07 2013]

"This is another example of a company looking for the cheap, quick fix during the boom with no consideration for long-term local jobs and skills,” Jordan said."

Downer sacked locals in favour of foreign workers: union [Published Australian Mining - May 06 2013]

"We're pleased to have signed another partner to assist in the proactive approach we are taking to the rollout to apartments in terms of engagement with residents and the construction task" NBN Co chief operations officer Ralph Steffens said in a statement

NBN Co signs third AU$17.9m contract for multi-dwelling units [Published ZDNet - Apr 17 2013]

More Content

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When big miners tighten belts, large contractor... [Published Melbourne Age - May 17 2013]
NBN Co connects largest high-rise apartment to ... [Published Computerworld Australia - May 17 2013]
UGL leads plunge for mining contractors [Published Zecco - May 17 2013]
UGL leads mining contractors' plunge [Published Adelaide Now - May 16 2013]
Markets wobble after Rio, BHP presentation [Published TradingCharts.com - May 15 2013]
Markets wobble after Rio, BHP presentation [Published Individual.com - May 15 2013]
Mining slump fears hit markets [Published Adelaide Now - May 15 2013]
UGL slumps on profit warning [Published Brisbane Times - May 15 2013]
FN Arena Broker Call Headlines - 15 May 2013 [Published NineMSN Finance - May 15 2013]
Hughes Drilling receives substantial shareholde... [Published Proactive Investors Australia - May 13 2013]
MARKETS SPECTATOR: Mining drag [Published Business Spectator - May 10 2013]
Asian stocks drop on China inflation data; Kore... [Published WBP Online - May 09 2013]
Australian Market Edges Higher After Opening Flat [Published RTTNews.com - May 09 2013]
FN Arena Broker Call Headlines - 9 May 2013 [Published NineMSN Finance - May 09 2013]
Hughes Drilling substantial shareholder increas... [Published Proactive Investors Australia - May 08 2013]
Downer On A Firm Road [Published FNArena - May 08 2013]
Kordia lands NBN design subcontract [Published IT News Australia - May 07 2013]
Downer sacked locals in favour of foreign worke... [Published Australian Mining - May 06 2013]
Downer EDI hires foreign workers, sacks miners:... [Published Newcastle Herald - May 05 2013]
Indigenous inclusion by miners making a differe... [Published In-Business - May 03 2013]
Detention company could run new rail link [Published Sydney Morning Herald - May 01 2013]
May 17 is final day for Boggabri coalmine workers [Published Northern Daily Leader - Apr 28 2013]
NBN’s 1Gbps promise [Published NineMSN Finance - Apr 20 2013]
Hitachi to begin autonomous system trial at Mea... [Published Australian Journal of Mining - Apr 18 2013]
Hitachi Construction Machinery initiates autono... [Published International Mining - Apr 17 2013]
NBN Co signs third AU$17.9m contract for multi-... [Published ZDNet - Apr 17 2013]
NT and QLD apartments to get NBN [Published Computerworld Australia - Apr 17 2013]
Downer, Visionstream win NZ broadband contracts [Published Business Spectator - Apr 17 2013]
BREAKFAST DEALS: Reaching for Southern Cross [Published Business Spectator - Apr 16 2013]
Commodities key to market direction [Published TradingCharts.com - Apr 16 2013]