Leading civil and mining contracting firm NRW Holdings Limited (ASX: NWH) has secured more work after its wholly owned subsidiary Golding Contractors signed a contract extension with Coronado Global Resources Inc to extend the current six fleet mining services contract at the Curragh coal mine in central Queensland to 31 December 2026.
NRW had announced last year that it had signed a letter of intent for the contract extension. Under the terms of the now-executed contract, Golding will continue to provide mining and mobile plant maintenance services at Curragh Main. The associated expansion in scope will see Golding provide equipment, parts and consumables previously free-issued by Coronado while Golding’s site-based mine planning resources will also be increased.
The contract extension is valued at approximately $1.2 billion (subject to operational requirements throughout the term) and brings the value of NRW group work in hand to a record $5 billion.
The Curragh extension adds to the flurry of contract wins announced by NRW over the past week including:
- a $52 million rail civil construction contract for the Pembroke Olive Downs coking coal project in the Bowen Basin;
- a $15 million bulk earthworks, drainage and roadworks contract at Olive Downs;
- a ~$60 million contract extension for mining and crushing services works at Atlas Iron’s Mt Webber iron ore mine in the Pilbara;
- $78 million worth of work for subsidiary DIAB at Lynas Rare Earths’ Kalgoorlie processing plant and for Rio Tinto Iron Ore in the Pilbara; and
- execution of a five-and-half-year mining services agreement with Wonbindi Coal at the Baralaba North mine, worth approximately $800 million.
At Curragh, Golding will spend $46 million on capital for new equipment throughout the contract period as previously advised and will continue to employ approximately 500 people at the mine, most of whom live in the Central Queensland region.
“I am delighted that the Golding team have now executed the contract with Coronado,” NRW chief executive Jules Pemberton said.
“This agreement continues the long and successful relationship Golding have established at the Curragh mine since first commencing on site in 2014.”