Australia's Downer EDI secures $295.7m Eliwana mine contract from Fortescue

Australia's Downer EDI has secured a A$450-million ($295.70-million) contract from Fortescue Metals Group for early mining and maintenance services at Eliwana iron-ore mine in the Pilbara region of Western Australia, the engineering contractor said on Tuesday. Fortescue, the world's No. 4 iron-ore miner, approved the development of the $1.28-billion Eliwana mine and rail project in May 2018, in a bid to boost the price for its iron-ore.