NRW Holdings has secured a $54 million contract with Rio Tinto for work at the miners Western Range iron ore project in the Pilbara.
NRW Holdings has secured a $54 million contract with Rio Tinto for work at the miners Western Range iron ore project in the Pilbara.
NRW Holdings has secured a $54 million contract with Rio Tinto for work at the miners Western Range iron ore project in the Pilbara.
The Jules Pemberton-led contractor’s subsidiary, Primero Group, signed the contract with Rio Tinto to design, supply, construct and commission non-process infrastructure facilities at the Western Range site.
The range of facilities include refueling, mobile equipment maintenance, primary crusher maintenance, washdown, wastewater treatment plant and water infrastructure.
Rio’s $3 billion Western Range iron ore project is being developed with its joint venture partner China Baowu Steel Group.
Currently under construction, the project is expected to reach its first production in 2025 with an annual output of 25 million tonnes of iron ore annually.
“This is an exciting opportunity as we continue to reinforce our long-term relationship with Rio Tinto through the delivery of world-class, non-process infrastructure, design and construction performed in-house by Primero Group,” Mr Pemberton said.
On the ASX, NRW shares down slightly 0.23 per cent to trade at $2.20 at 3.36PM AEST.
| Rank | Company | # | |
|---|---|---|---|
| 2nd | - | SGH | $10.82bn |
| 3rd | - | Perenti | $3.55bn |
| 4th | - | NRW Holdings | $3.27bn |
| 5th | - | Macmahon Holdings | $2.43bn |
| 6th | - | Monadelphous | $2.17bn |