News Articles for NRW Holdings

Engineering group RCR Tomlinson has won a $120 million contract to build processing infrastructure at Rio Tinto's Silvergrass iron ore mine in the Pilbara.

Rio Tinto says it will spend $US338 million developing its Silvergrass iron ore mine in the Pilbara, on the same day it disclosed a slump in underlying earnings and dividend payments.

Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.

A fuel supply system at Rio Tinto's Cape Lambert port and work on a loading jetty at Ichthys's Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.

Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO.

Perth-based contractor NRW Holdings has built on its relationship with Queensland miner Middlemount Coal, winning a $25 million extension to its contract.

Spanish contractor Duro Felguera has won a legal battle with Samsung C&T over the jurisdiction of a contractual dispute for work on the $10 billion Roy Hill project, with the next stage to play out infront of Singaporean arbitrators.

Local contractor NRW Holdings has been awarded a $30 million contract to provide its services to Rio Tinto's Yandi Oxbow iron ore mine in the Pilbara, on the same day its long-serving director Ian Burston announced his retirement.

A joint venture between Perth contractor NRW Holdings and Italian company Salini Impregilo has officially been awarded a $1.17 billion contract for the Forrestfield-Airport Rail Link project, which has an overall budget of nearly $2 billion.

Perth-based Braziron has announced plans to delist from the ASX and leave the resources industry through the reverse takeover of a private road safety barriers business in a deal worth $6.3 million.

Transport Minister Dean Nalder says he can't rule out insider trading by state government staff in relation to a major contract decision, but the corporate watchdog has so far not indicated any concern.

Local contractor MACA has won a $4.8 million contract to upgrade an intersection in Ascot which will pave the way for planned street closures as the $2 billion Forrestfield-Airport Rail Link gets underway.

Ian Burston will retire from NRW Holdings once a suitable appointment is made to the board.

Perth-based contractor NRW Holdings has enjoyed another active day on the ASX, closing nearly 50 per cent higher after nearly tripling in value on Friday.

NRW Holdings emerged from a trading halt this morning with its share price nearly tripling in value on the back of news yesterday that its joint venture with Salini Impregilo had been named the preferred contractor for the $2 billion Forrestfield-Airport Rail link.

Perth contractor NRW Holdings has had a major boost, with the state government selecting the company's joint venture with Italy's Salini Impregilo as preferred contractor for the $2 billion Forrestfield-Airport Rail Link.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Iron ore miner Roy Hill has officially taken control of its mine, rail and port operations in the Pilbara from lead construction contractor Samsung C&T, with the company now commencing ramp-up of production to target the nameplate 55 million tonnes per annum capacity.

Western Australia's highest paid mining contractor is set to lose that title, after NRW Holdings joined most of its peers in cutting the salary of its chief executive by 40 per cent.

SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Southern Cross Electrical Engineering has recruited NRW Holdings chief operating officer, Graeme Dunn, to lead the company as its new managing director.

Indigenous contracting in the Pilbara is getting more competitive, more complicated and arguably more divisive, as players chase a shrinking pool of work.

Perth-based Indigenous Construction Resource Group is poised to become a bigger player in the mining services sector after its chairman, Clinton Wolf, lured NRW Holdings founder and former managing director Jeff McGlinn out of retirement.

NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.

Live cattle exporter Wellard is set to list at $1.39 per share, launching a prospectus to raise close to $300 million to give the business a market capitalisation of almost $560 million.

Whether or not the Wellard IPO is successful, it demonstrates there is more to WA than just resources.

The upcoming float of livestock exporter Wellard is set to be the fifth biggest in Western Australia's history, and will also stretch the market lead of investment bank UBS, according to research by Business News.

NRW Holdings has accepted a payment of $30 million to settle its dispute with Samsung C&T over work on the Roy Hill iron ore project, despite having been awarded $35 million through adjudications under the Construction Contracts Act.

Shares in NRW Holdings have nearly doubled in value after the company lifted a trading suspension following two wins in the Supreme Court of Western Australia in its dispute with Samsung C&T.

NRW Holdings has had a legal win over Samsung C&T, with the Supreme Court upholding a $17 million adjudication in favour of the Perth-based contractor.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

The legal fallout from big resources and infrastructure projects continued to mount this week, when Downer terminated its contract on a $1 billion-plus ammonium nitrate plant in the Pilbara.

Downer has terminated its contract with Spanish construction company Tecnicas Reunidas on the Burrup ammonium nitrate project, joining a string of contractors to be hit by contractual disputes on big projects over the past year.

Shipbuilder Austal has shone in the quarterly rebalance of the S&P/ASX indices, while many local miners and contractors have lost their status.

The last day of the profit reporting season delivered a few surprises for Western Australia-based mining services companies, with NRW Holdings incurring a bigger-than-expected loss, VDM Group shrinking at a rapid rate, Swick Mining Services showing some promise, and Resource Development Group staying in the black.

Western Australia's top 10 largest private sector employers employ more than 103,200 people between them, about 2,000 fewer than last year, according to BNiQ research.

SPECIAL REPORT: It has been a tough year for job seekers in WA, but some new sectors have emerged to keep the state's employment levels at record highs.

Belmont-based NRW Holdings has been awarded a $140 million contract with Rio Tinto.