Downer Blasting sold

DOWNER’S move out of the mining contracting space has taken another step forward with its Downer Blasting Services arm sold to a subsidiary of Chilean company Sigdo Koppers Group for $62 million.

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Downer has sold its Downer Blasting Services arm to Enaex.

In July Downer announced it was putting its mining contracting business back on the market and would instead concentrate on its core urban services business.