Civil and mining contractor NRW Holdings has reported strong profit and revenue gains in its interim results, with the company saying its completed acquisitions and plans for alliance-style contracts would support strong future growth.
NRW Holdings has been awarded works at Fortescue Metals Group's Eliwana iron ore mine and rail project in the Pilbara under an infrastructure contract valued around $138 million, announced last month.
ASX200 boards now feature 30 per cent women for the first time ever, according to the Australian Institute of Company Directors, leaving just seven companies in that index without female representation on their board.
NRW Holdings has purchased BGC Contracting for $116.4 million in cash, three weeks after it was named preferred bidder, and plans a capital raising of $130 million to fund the transaction.
NRW Holdings today confirmed it expected 35 per cent growth in revenue this year, helped by the recently acquired RCR Mining Technologies, but was coy on its plans to purchase BGC Contracting.
NRW Holdings subsidiary, RCR Mining Technologies, has secured a contract to design and construct a fifth relocatable crushing plant for Fortescue Metals Group's Cloudbreak iron ore mine in the Pilbara.
MACA has secured a $26 million contract at the Fortescue Metals Group-operated Iron Bridge magnetite project in the Pilbara, while NRW Holdings secured a contract in Queensland.
The number of women in executive leadership positions across Australia's largest listed companies is slowly increasing according to a new report, with Emeco Holdings, Wesfarmers and South32 the top performers for Western Australia.
South32's Graham Kerr, NRW Holdings' Jules Pemberton and Saracen Mineral Holdings' Raleigh Finlayson have received one-off benefits totalling $10.4 million, following the vesting of performance shares.
Rio Tinto has awarded works to NRW Holdings at its $2.6 billion Koodaideri iron ore project, while BGC Contracting secured a contract extension at Atlas Iron's Mt Webber project.
New data from the Australian Institute of Company Directors shows that women make up only 29.7 per cent of directors on ASX 200 boards, with WA's NRW Holdings and Emeco Holdings among four companies that have no women on their boards.
Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.
NRW Holdings has denied media speculation it is in advanced discussions to acquire BGC Contracting, but it has not explicitly ruled out interest in the privately owned business.
NRW Holdings' subsidiary, RCR Mining Technologies, has secured $18 million worth of works at Rio Tinto's Koodiaderi project, less than a week after NRW announced it won a $137 million contract at the $3.5 billion iron ore development.
Shares in NRW Holdings have closed trade up 10.65 per cent, after it secured an earthworks contract at Rio Tinto's $3.5 billion Koodaideri iron ore project in the Pilbara.
Struggling gold miner Gascoyne Resources has announced a share placement and rights issue at a 50 per cent discount to its previous closing price, as it seeks to pay down some of its mounting debts.
Shares in NRW Holdings and Seven Group Holdings were stronger today after reporting improved earnings on the back of strong resources and infrastructure markets, with NRW adding its first interim dividend in five years.
The sale of RCR Tomlinson's Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.
Fortescue Metals Group has selected Belmont-based NRW Holdings as the preferred contractor to deliver the first stage of earthworks, roadworks and drainage works at the company's Eliwana rail project, located 90 kilometres west of the town of Tom Price in Western Australia's Pilbara region.
The state government has announced a delay of up to 12 months at the Forrestfield-Airport Link due to tunneling issues, but says the rail project's $1.9 billion budget will not be impacted.
Shares in NRW Holdings have jumped 7.14 per cent today, after the mining contractor said it expected a 45 per cent uptick in revenue for the six months to December compared with last year.
Engineering consultancy GHD has been awarded a $6.7 million contract to design upgrades to the rail network around Claremont train station as part of the state government's Metronet project.
ANNIVERSARY SPECIAL: The annual Business News Biggest Employers survey has tracked changing employment patterns in WA over 13 years. This article is part of a special series to mark Business News' 25-year anniversary.
NRW Holdings has announced a series of contracts worth about $92 million, including an extension at Talison Lithium's Greenbushes mine and work at BHP Billiton's South Flank project.
