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NRW secures $502m mining services contract from TEC Coal
Yahoo Finance· 2026-01-19 14:55
Group 1: Mining Services Agreement - NRW Holdings, through its subsidiary Golding Contractors, has secured a mining services agreement valued at approximately A$750 million ($502.6 million) with TEC Coal for operations at the Stanwell Meandu Mine in Australia [1] - The agreement spans a period of 5.5 years, beginning this month, and includes a six-month mobilization phase followed by a five-year operational phase [2][4] - The Meandu Mine has an annual production capacity of 7.6 million tonnes and is expected to supply coal until the year 2037 [2] Group 2: Operational Details - Golding Contractors will manage the entire mining operation, which includes the operation and maintenance of three fleets of heavy mining equipment, a dragline, and a processing plant supplied by TEC Coal [3][4] - The contract will provide employment for around 400 local residents [3][5] Group 3: Company Strategy and Future Outlook - NRW CEO Jules Pemberton stated that the award reflects Golding's excellent reputation for delivering safe and efficient contract mining services, aligning with the company's strategy of reducing capital intensity [4] - NRW is a provider of diversified contract services across various sectors in Australia, with operations extending to Canada and the US [5] - In July 2025, NRW announced a contract from Rio Tinto for the Brockman Syncline 1 mine project valued at approximately A$167 million, involving various construction tasks [6][7]
Barminco secures $198m contract for Dalgaranga Gold Project in Australia
Yahoo Finance· 2025-09-11 09:33
Perenti's underground mining division, Barminco, has secured a four-year contract valued at approximately A$300m ($198.3m) to provide underground mining services at the Dalgaranga Gold Project in Western Australia (WA). Owned by Ramelius Resources following the acquisition of Spartan Resources, the Dalgaranga Gold Project is situated 475km north-east of Perth and 80km north-west of Mount Magnet. The scope of the contract includes the provision of underground development, production and related mining ser ...