ASX Announcement
27 February 2015
NRW Holdings Limited
181 Great Eastern Highway
Belmont, 6104, Western Australia
Middlemount Coal - Contract Extension
NRW Holdings Limited (ASX NWH) is pleased to announce it has been awarded an extension to its Middlemount contract.
Following negotiations with our client (Middlemount Coal) NRW has secured a 3 year extension valued at approximately $330 million. The extension term maximises the cost benefit and efficient utilisation of the large fleet of equipment for both our client and NRW.
Jules Pemberton NRW's Managing Director and CEO said, "NRW has worked closely with Middlemount to deliver a new operating model which will provide significant benefit to both parties during the remaining contract term and I am very pleased that our client has shown confidence in our ability to provide a very safe and productive service offering by extending the contract to June 2020 from its current expiry date of June 2017."
For further Information, please contact: | ||
Jules Pemberton CEO and Managing Director + 61 418 935 630 | Kim Hyman Company Secretary +61 403 347 540 | Andrew Walsh Chief Financial Officer +61 401 993 352 |
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NRW is a diversified provider of contract services to the resources and infrastructure sectors in Australia and internationally. With extensive operations in Western Australia and Queensland, NRW's geographical diversification is complemented by its delivery of a wide range of operations. These encompass civil expertise including bulk earthworks and concrete installation; contract mining and drill and blast. NRW also encompasses a comprehensive refurbishment and rebuild service for earthmoving equipment and machinery.
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