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 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.
NRW’s wholly owned subsidiary Golding Contractors Pty Ltd (Golding) has received a Letter of Direction from Coronado Curragh Pty Ltd to increase Mining Plant at the Curragh Main Mine through the introduction of a 4th fleet to existing mining operations.
All major plant and equipment to be utilised for the expanded mining operations will be supplied by Golding. The additional fleet will include a new Caterpillar 6060 excavator and 4 x hired Komatsu 830E trucks along with ancillary plant. Total Capital expenditure is expected to be $12 million scheduled for FY20.
The award adds around $50 million to the existing contract which has an indicative value of $230 million over the remaining term to completion in September 2021.
NRW CEO & Managing Director Jules Pemberton commenting on the award said, “The additional fleet represents an expansion of scope in a contract with Coronado Curragh Pty Ltd that commenced in 2014 and reflects our continued ability to provide solutions to expand client operations.”
Golding Executive General Manager Geoff Caton added, “We have worked closely with Coronado’s management team in recent months to examine a range of options to maximise value from the Curragh Mine resource. The fleet will commence the mobilisation process during April for commissioning early in FY20.”
NRW also announced this morning its wholly owned subsidiary RCR Mining Technologies (RCRMT) has been awarded contracts to supply process equipment and support activities to a number of clients in Western Australia.
The business has already commenced work on ordering long lead items in support of these orders. In total, awards to date are valued at around $22 million.
Commenting on the awards, Mr Pemberton said, “The orders for new equipment represent an important vote of confidence by key clients in the quality of the products supplied by RCRMT.
“The growing demand for Product support and Heat Treatment activities is important as part of the groups move to establish a growing base of recurring income.
“Since acquiring the business in February integration activities have progressed well and winning this work is particularly welcome news to our workforce in Bunbury and Welshpool”.
