- NRW Holdings’ (NWH) subsidiary scores a five-year contract extension on its Phosphate Hill contract at Mount Isa in Queensland
- Under the extension, Golding Contractors will continue its partnership with Southern Cross Fertilisers, taking Golding’s contract at Phosphate hill to 2026
- NRW expects its contract extension value to sit between $110 million and $120 million over the term
- NRW Chief Executive Officer and Managing Director Jules Pemberton says the reaffirms the relationship Golding has formed with Southern Cross Fertilisers
- NRW Holdings shares are down 3.42 per cent to trade at $1.84
NRW Holdings’ (NWH) subsidiary has scored a five-year contract extension on its Phosphate Hill contract at Mount Isa in Queensland.
NRW Holdings’ subsidiary Golding Contractors or Golding, signed a five-year contract extension with Southern Cross Fertilisers, meaning Golding’s mining contract at Phosphate Hill will extend to September 6, 2026.
According to NRW, the expected contract extension value is anticipated to be between $110 million and $120 million over the term.
NRW said Golding’s existing mining fleet will continue to operate in the mine and gypsum operations but with new capital spend “limited to replacement of select light and medium vehicles”.
NRW Chief Executive Officer and Managing Director Jules Pemberton commented on the extension.
“This contract extension reaffirms the strong relationship Golding has formed
with Southern Cross Fertilisers at Phosphate Hill for more than a decade now, under various contract arrangements, and reflects our ability to secure repeat business through the quality and value of our service offering.”
Golding employs approximately 80 people at the mine that operates on a FIFO
arrangement from Townsville in Northern Queensland.
NRW Holdings shares were down 3.42 per cent at 12:30 pm AEST to trade at $1.84.