As the fallout continues from the Whyalla Steelworks being placed into administration, Belmont-based NRW Holdings continues to get on with business.
As the fallout continues from the Whyalla Steelworks being placed into administration, Belmont-based NRW Holdings continues to get on with business.
Jules Pemberton-led NRW told the market on Thursday it had secured a series of contracts, valued at around $180 million.
This update follows news last month that the mining services contractor was owed approximately $113.3 million in trade receivables and contract assets, following the South Australian government’s decision to place OneSteel Manufacturing, owner of the Whyalla-based facility, into administration.
NRW’s wholly owned subsidiary Golding Contractors has a contract with GFG Alliance, OneSteel’s parent company, to facilitate work at the site.
Included in the new contracts is a 12-month deal between NRW’s wholly owned subsidiary Primero Group and Rio Tinto, valued at around $100 million, for work at the latter’s coastal water supply sustaining project.
Primero will provide a raft of EPC services at the Parker Point-based site in the Pilbara – along with seawater intake, treatment facility and conveyance piping-related activities.
Additionally, Golding has secured a $60 million contract to facilitate civil works for BMA at the Peak Downs mine in Moranbah, Queensland, with a scheduled September finish.
Another NRW subsidiary, Action Drill and Blast, has also inked two blast hole drill deals worth in the vicinity of $19 million with Yancoal – which will be carried out in Camby Downs and Yarrabee.
As of 8.29am AWST, NRW shares were up 1 per cent to $2.83.
