NRW Holdings boosts $230m contract portfolio at Curragh

Image: Coronado Global Resources

NRW Holdings has received about $72 million worth of work from Coronado Curragh, with the largest package being a $50 million addition to its existing contract at the Curragh coal mine in Queensland.

The award adds to NRW Holdings’ existing contract with Coronado, which has an indicative value of $230 million over the remaining term to completion in September 2021.

NRW’s wholly owned subsidiary Golding Contractors received a letter of direction from Coronado to increase capacity at the Curragh main mine by introducing a fourth fleet to its existing mining operations.

All major plant and equipment to be used for the expanded mining operations will be supplied by Golding. The additional fleet will include a Caterpillar 6060 excavator and four hired Komatsu 830E trucks along with an ancillary plant. Total capital expenditure is expected to be $12 million, which is scheduled for the 2020 financial year.

“Additional fleet represents an expansion of scope in a contract with Coronado Curragh that commenced in 2014 and reflects the company’s continued ability to provide solutions to expand client operations,” NRW chief executive and managing director Jules Pemberton said.

Golding executive general manager Geoff Caton said the company has worked closely with Coronado’s management team in recent months to examine a range of options to maximise value from the Curragh mine resource.

“The fleet will commence the mobilisation process during April for commissioning early in the 2020 financial year,” Caton said.

NRW also announced its wholly owned subsidiary RCR Mining Technologies (RCRMT) has been awarded contracts to supply process equipment and support activities to a number of clients in Western Australia.

The business has already commenced work on ordering long lead items in support of these orders. In total, awards to date are valued at around $22 million.

Pemberton said growing demand for product support and heat treatment activities is important as part of the group’s move to establish a growing base of recurring income.

“Since acquiring the business in February integration activities have progressed well and winning this work is particularly welcome news to our workforce in Bunbury and Welshpool,” he said.

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