NRW Holdings Limited (ASX:NWH) is pleased to advise that its wholly owned subsidiary, Golding Contractors Pty Ltd, has received a binding Letter of Intent to enter into a 5.5-year mining services agreement with Wonbindi Coal Pty Ltd at the Baralaba North Mine.
The award is valued at approximately $800 million and continues the strong relationship between Golding and Wonbindi Coal Pty Ltd. Golding has provided contract mining services at the Baralaba North Mine over the past four years.
Under the binding LOI, the scope of work remains the same and includes maintaining and operating a client-owned fleet of equipment and producing ultra-low volatile PCI coal. The mining services agreement will commence on 1 July 2022.
