All tagged NRW Holdings ASX:NWH

NRW retains healthy order book for FY20

NRW Holdings (ASX: NWH) says that following Gascoyne Resources' collapse into administration it expects to receive about $35 million under its existing contract with the troubled miner, down from up to $145 million in FY19 as agreed prior. NRW has revised its order book to $1.1 billion of work secured for FY20.

NRW Holdings responds to media speculation

NRW Holdings Limited (ASX: NWH) notes the recent media speculation regarding an acquisition of BGC Contracting. In response to these reports, and consistent with statements made in the Company’s Half Year reporting in February 2019, NRW continues to pursue opportunities to further diversify its revenues. The Company is not currently pursuing any acquisitions to the value speculated in the media or that are otherwise sufficiently advanced to warrant disclosure at this time.

RCR Mining Technologies secures new work for Koodaideri

Diversified business NRW Holdings (ASX: NWH) has picked up another $18 million contract for work on Rio Tinto's Koodaideri iron ore project, this time through its recently-acquired subsidiary RCR Mining Technologies. The contract is for the supply of three large apron feeders, 11 slide gates and two belt feeders.

NRW rallies on Rio Tinto contract win

NRW Holdings (ASX: NWH) shares finished more than 10 per cent higher at $2.90 yesterday on news it had been awarded a $137 million contract in the Pilbara by mining giant Rio Tinto, as the mining services and contractors sector continues to attract investor interest and attention.

NRW awarded $72 million in new work

NRW Holdings Limited (ASX: NWH) has picked up about $72 million worth of new work, with the largest package being a $50 million addition to its existing contract at the Curragh mine. The company also received $22 million worth of contracts to supply process equipment and support activities to a number of clients in WA, via its recently acquired subsidiary RCR Mining Technologies.

NRW steps up support for gold miner Gascoyne Resources

Diversified contractor NRW Holdings (ASX: NWH) has agreed to help underwrite Gascoyne Resources' (ASX: GCY) $20.6 million entitlements issue, in a significant boost for the struggling Mid West gold producer. NRW is the mining contractor at Gascoyne's Dalgaranga project and has agreed to sub-underwrite up to $5.3 million of the entitlements issue. In December, NRW provided Gascoyne with a $12 million loan facility, which is now to be repaid in the first half of next year. Gascoyne wants to raise $24.4 million from a $3.8 million placement and $20.6 million four-for-five entitlement issue, which is fully underwritten.