Engineering company, Downer EDI (DOW) said today its mining division has been selected by Peabody Pacific as the preferred tenderer on its Wambo and Millennium Mining projects.
The company said this allows it to extend its existing strong relationship with Peabody.
"This is in addition to a series of recent contract wins across the group approximately $800 million since 21 August 2007," said chief executive officer Brent Waldron.
"We are pleased that our efforts to reinvigorate our Mining Division are bearing fruit."
Peabody Pacific is one of Australia's largest mining companies with 10 operations in Queensland and New South Wales.
The Millenium mine, located in the Bowen Basin in Queensland is a coking coal producer.
Wambo is one of Peabody's largest operating coal mines, located in the Hunter Valley, New South Wales.
Downer EDI Mining's chief executive officer Damien O'Reilly said: "This is a vote of confidence in Downer EDI Mining and is a testament to both the strong relationships our team has built with the client and the value of our understanding of the Wambo and Millennium mines."
Shares in DOW lost 6 cents to $5.34 at 1pm AEST.
