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- NRW Holdings’ (NWH) subsidiary, Golding Contractors, signs a $1.2 billion contract extension with Coronado Curragh, a subsidiary of Coronado Global Resources (CRN)
- Under the contract, Golding will continue to provide mining and mobile pant maintenance services at the Curragh Mine in Queensland until the end of 2026
- Golding will spend $46 million on capital for new equipment throughout the contract period and will continue to employ around 500 people at the mine
- NWH shares are up 3.62 per cent to trade at $1.79 per share at 1:24 pm AEST
NRW Holdings’ (NWH) subsidiary, Golding Contractors, has signed a contract extension with Coronado Curragh, a subsidiary of Coronado Global Resources (CRN).
The contract is to extend the current six fleet mining services to December 31, 2026, and is valued at $1.2 billion. This brings the value of NRW group work in hand to a record $5 billion.
Under the extended contract, Golding will continue to provide mining and mobile pant maintenance services at the Curragh Mine in Queensland.
Golding will spend $46 million on capital for new equipment throughout the contract period and will continue to employ around 500 people at the mine, most of which live in Central Queensland.
“I am delighted that the Golding team have now executed the contract with Coronado,” NRW CEO and Managing Director Jules Pemberton said.
“This agreement continues the long and successful relationship Golding have established at the Curragh Mine since first commencing on site in 2014.”
NWH shares were up 3.62 per cent to trade at $1.79 per share at 1:24 pm AEST.
