NRW Holdings (ASX:NWH) has secured a $1.6 billion mining services agreement (MSA) with Stanmore SMC for its South Walker Creek Coal (SWC) Mine in central Queensland.
NRW’s wholly owned subsidiary Golding Contractors has been tasked with operating and maintaining eight fleets of heavy mining equipment to remove overburden and mine steel-making coal consistent with current contractual arrangements.
The five-year contract will start in January 2026 and marks a new record order book for NRW, which has a market capitalisation of $1.71 billion.
CEO Jules Pemberton says NRW’s drilling and blasting subsidiary ADB is currently working with Stanmore at the mine, and Golding now renews its prior association.
“With the addition of the SWC MSA, NRW’s order book climbs to a record $7 billion,” Pemberton says.
The Golding assets to be used are those that were previously acquired by NRW as part of the purchase of the mining services contract, associated fleet, and transfer of employees that HSE Mining deployed to the South Walker Creek site.
The contract will provide employment to around 650 personnel, mostly living in the region.
NRW operates three divisions – civil, mining and minerals, and energy and technologies.
The civil and mining businesses provide civil construction, including bulk earthworks, road and rail construction and concrete installation, together with contract mining and drill and blast services.
NRW’s mining client list includes BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG).
In a four-part METS Insight: State of Mining Review series being published this week, Mining.com.au explores some of the important trends from 2024 that are shaping the mining equipment, technology, and services industry heading into 2025.
Write to Angela East at Mining.com.au
Images: Golding
