Golding to proceed on $350m Baralaba North coal project restart

NRW Holdings has announced that subsidiary Golding Contractors has executed a limited notice to proceed (LNTP) with Wonbindi Coal and Baralaba Coal Company on the Baralaba North coal project in Queensland.

Golding is to commence preliminary activity in relation to the previously struggling Baralaba North project, and once terms are finalised the contract is expected to have a value of about $350 million over a three-year period.

Works will include mine planning, drilling, loading, blasting and hauling, as well as coal handling at a crushing and screening plant, which will be supplied by the clients for the duration of the contract.

Jules Pemberton, chief executive officer and managing director of NRW Holding called it a great opportunity for Golding to add another full mine contract to its portfolio, while Geoff Caton, CEO of Golding, stated that his team was looking forward to recommencing operations at Baralaba.

The Baralaba North coal mine is an open-cut coal operation that excavates and transports high-quality metallurgical coal. It had been put on care and maintenance (resulting in the loss of 75 jobs) after Baralaba Coal, under previous name Cockatoo Coal, had administrators appointed on the project in late 2015 due to ANZ ending an $81 million bank guarantee.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.