- NRW Holdings enters a mining contract with Karara Mining worth $702 million over a five-year duration with the project workforce averaging an estimated 250 personnel
- Karara is the largest mining facility and the first significant magnetite mine in Western Australia, located 200 kilometres southeast of Geraldton
- Load and haul, drill and blast, and ROM re-handling are among tasks to be completed, with the drill & blast component to be conducted by NRW’s subsidiary, Action Drill & Blast
- Key mining equipment required for the project including three 600 tonne Excavators and a fleet of 220 tonne trucks is being progressively mobilised to site
- NRW Holdings (NWH) opens the day of trading at $1.63
NRW Holdings (NWH) enters a mining contract with Karara Mining worth $702 million over a five-year duration with the project workforce averaging an estimated 250 personnel.
Karara is the largest mining facility and the first significant magnetite mine in Western Australia, located 200 kilometres southeast of Geraldton in the Shire of Perenjori. It manufactures a premium, high-grade concentrate for export to steelmakers, with a mine life expectancy of more than 30 years.
Load and haul, drill and blast, and ROM re-handling are among the tasks to be completed, with the drill & blast component being conducted by NRW’s wholly-owned subsidiary, Action Drill & Blast.
Mining equipment is expected to include three 600 tonne excavators and a fleet of 200-tonne trucks. Work is expected to start in March 2022.
CEO of NRW Holdings, Jules Pemberton, said he is delighted that NRW has now been formally awarded the contract.
Karara CEO Changjiang Zhu said he looks forward to commencing mining services next year.
“Offering new prime equipment, NRW has the capability to undertake the entire Karara scope of work comprising a broad range of mining, construction and engineering services,” he said.
NRW Holdings is a provider of diversified contract services to the resources and infrastructure industries.
NRW Holdings (NWH) opens the day of trading at $1.63.