NRW Holdings Ltd (ASX:NWH) has announced its wholly-owned subsidiary Golding Contractors has reached an agreement with Stanmore Coal to commence production at Isaac Plains East in July. The scope of the work is inline with the current Isaac Plains East contract and includes the obligations of the mine operator performing drill and blast services, truck and excavator operations, coal mining and mine rehabilitation, amongst other activities. The value of the extension is worth about $93 million.
NRW Holdings Limited (ASX :NWH) is pleased to announce that its wholly owned subsidiary Golding Contractors Pty Ltd (Golding) has reached agreement with Stanmore Coal (ASX:SMR) to commence production at Isaac Plains East in July 2018.
The Isaac Plains East scope is in line with the current Isaac Plains contract and includes the statutory obligations of the mine operator performing the operating and maintenance activities of:
- Clear and grub and top soil removal;
- Drill and Blast;
- Truck and excavator fleet;
- Overburden removal;
- Coal mining;
- Coal Handling and Preparation including train loadout; and
- Mine rehabilitation.
The value of the contract extension adds approximately $93M to the existing contract and extends the current project term to June 2019. This contract award extends a partnership with Stanmore Coal which commenced in 2015 with the current Isaac Plains contract.
NRW CEO and Managing Director Jules Pemberton said, “I am extremely pleased that Golding will continue the productive partnership with Stanmore Coal at Isaac Plains East. Further, I look forward to working with Stanmore Coal to sustain this relationship longer term as they continue to grow their resource base.”