Golding to finalise $350m contract at Baralaba North

Baralaba north

NRW Holdings subsidiary, Golding Contractors, and Wonbindi Coal have extended a limited notice to proceed (LNTP) in regards to the mine plan and contract at the Baralaba North metallurgical coal mine in Queensland.

Golding executed a LNTP with Wonbindi last month. The agreement has been extended to May 5, giving the companies additional time to optimise the mine plan and finalise a mining contract.

The mining contract will be worth $350 million, with the work to be completed over three years.

According to NRW, the first fleet of mobile plant and numerous other items of ancillary equipment and support infrastructure have been commissioned, and drilling and blasting activity and overburden production have commenced.

“During the LNTP extension period, a second fleet of mobile plant is planned to be commissioned and coal production to commence,” NRW added. “The parties have agreed to work expeditiously to finalise the contract mining agreement.”

NRW acquired Golding during the second half of 2017 through an $85 million deal.

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