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NRW Holdings (ASX:NWH) nabs $86.5m in Pilbara contracts

Industrial
ASX:NWH      MCAP $1.268B
27 July 2021 12:00 (AEST)
NRW Holdings (ASX:NRW) - Managing Director & CEO, Julian Pemberton

Source: Business News

NRW Holdings (NWH) has secured a contract with Hamersley Iron to carry out stage three expansion works for the waste fines storage facility (WFSF) at the Nammuldi Below Water Table project.

The site is situated some 60 kilometres northwest of Tom Price in Western Australia’s (WA) Pilbara region where the expansion will comprise raising the existing earth fill embankment by a further six metres.

The work will reportedly utilise the “downstream” method, including associated earthworks, along with mechanical upgrades to water management structures, waste fines deposition lines and pond decant infrastructure.

NRH said the activities aimed to achieve the ultimate limit permitted for the WFSF.

To this end, construction is set to begin in mid-August with all work due for completion in June next year.

NRH will engage 75 personnel on the project under the contract, which is valued at around $26.5 million.

Gudai Darri Solar Farm project

Elsewhere in the Pilbara region, Rio Tinto (RIO) has contracted NRH for roughly $60 million to deliver a 34-megawatt solar photovoltaic system at the Gudai Darri mine.

The project forms part of Rio’s commitment to reduce its carbon footprint, targeting net zero emissions by 2050.

The scope of work for the solar farm will reportedly encompass the design, procurement, construction, testing and commissioning of all equipment.

Notably, this includes a 33-kilovolt substation, which will be integrated into Rio Tinto’s overall iron ore infrastructure, including remote control and monitoring via the company’s remote operation centre.

Further, the solar farm will eventually be connected to RIO’s grid at the Gudai Darri central substation via a six-kilometre-long overhead powerline and fibre-optic link, which is not included in the NRW contract.

NRW Holdings’ CEO and Managing Director Jules Pemberton commented on the deal.

“Securing this work recognises the broader delivery capability of the business and NRW’s long standing experience of delivering projects for Rio Tinto in the Pilbara,” he said.

“Renewable Energy represents an increasing opportunity for the group in particular captive projects like this where the energy output is integrated to the client’s network.”

Design and procurement will commence immediately, followed by the start of construction next month.

Construction and commissioning at Gudai are scheduled to wrap up in early 2022.

On Tuesday, NRW Holdings shares were trading 1.1 per cent lower at $1.76 apiece at 12:07 pm AEST.

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