Downer EDI Limited has completed the final transaction as part of its Mining portfolio divestment plan with the sale of its Open Cut Mining East business to BUMA Australia Pty Ltd.

As announced in October, Downer will receive approximately A$150 million ($108 million) in cash proceeds from the transaction, subject to completion adjustments.

Together with the previously announced Mining and Laundries transactions, total proceeds from Downer’s divestment program amount to A$778 million, the company said. Included within this amount is the $79 million transaction with Bridgestone Mining Solutions Australia Pty Ltd for Otraco International Pty Ltd, the A$175 million sale of the Mining West business to MACA and the divestment of Downer Blasting Services to Enaex SA.