All tagged NRW Holdings ASX:NWH
NRW Holdings (ASX: NWH) has signed off on another big year, with strong revenue achieved on the back of profitable acquisitions, contract wins and extended agreements.
NRW Holdings Limited (ASX: NWH) has announced that its wholly owned subsidiary, Golding Contractors, has reached agreement with Stanmore Coal (ASX: SMR) to increase overburden removal capacity with the addition of a third truck and excavator fleet.
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 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.
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 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 Holdings Limited (ASX: NWH) has won an estimated $137 million contract for a package of rail formation work for Rio Tinto. The scope of work includes the construction of about 73km of new rail embankment, a new mine access road and associated road works along the Koodaideri rail alignment.
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.
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.
Australian civil and mining contractor NRW Holdings Limited (ASX: NWH) has revealed its latest investor presentation, ahead of its participation in the Euroz Conference.