- NRW Holding’s (NWH) subsidiary has penned an extension for a mining services contract valued at up to $1.4 billion
- The letter of intent was signed between Golding Contractor and Coronado Curragh, a subsidiary of ASX-lister Coronado Global Resources (CRN)
- NRW has valued the contract between $1 billion and $1.4 billion and is estimated to cost $46 million in capital equipment
- NRW Chief Executive Officer Jules Pemberton says the agreement maintains the relationship Golding has established at Curragh Mine since 2014
- NRW Holdings shares closed today’s session down 1.17 per cent to trade at $1.69.
NRW Holding’s (NWH) subsidiary has penned an extension for a mining services contract valued at up to $1.4 billion.
NWH’s wholly owned affiliate, Golding Contractor, signed a letter of intent with Coronado Curragh, which is a subsidiary of ASX-lister Coronado Global Resources (CRN).
Under the terms of the arrangement, the parties have agreed to extend a current six fleet mining services contract to 31 December 2026 – subject to certain terms.
NWH has put the expected contract value between $1 billion and $1.4 billion —
subject to the final scope — and is anticipated to spend up to $46 million on capital equipment.
NRW Chief Executive Officer and Managing Director Jules Pemberton commented on the agreement.
“This agreement maintains the relationship Golding has established at Curragh Mine since 2014 and reflects our continued ability to support of our client’s mine plans,” he said.
NRW said Golding would continue to employ approximately 500 people at the mine, most of whom live in the Central Queensland region.
NRW Holdings shares closed today’s session down 1.17 per cent to trade at $1.69.