Welshpool-based mining and earthmoving contractor NRW Holdings Ltd, which recently completed a $303 million initial public offering, has debuted strongly on the Australian Securities Exchange, closing up 20.5 per cent at $2.41.
Former Portman Ltd managing director and Aztec Resources Ltd chairman Ian Burston has been appointed chairman of mining and earthmoving contractor NRW Holdings Ltd, which has lodged a prospectus for its $303 million initial public offering.
Perth-based earthmoving group, NRW, is expected to float on the Australian Securities Exchange as early as next month after an initial public offering, which is expected to raise about $250 million.
WELSHPOOL earthmoving business NRW Pty Ltd has acquired Hazelmere-based Action Mining Services, creating a major player in WA's mining contractor sector.