NRW secure $31 million BHP contract

Mining contractor NRW Holdings have been awarded a $31 million contract at BHP Billiton Iron Ore’s Mooka Ore Car Repair Shop.

In a statement NRW said it would undertake a range of work at the site including bulk earthworks, rock excavation, culvert construction together with road construction and sub-ballast capping.

The contract comes as good news for NRW who’s net profit was predicted to dip by about 25 per cent in the year to June 30, between $73 million and $76 million.

This is down from $97 million in the previous year.

The mining contractor blamed contract and project delays for the downgrades.

It said hold-up in the awarding of contracts and the slowdown in the progress of projects had affected revenue.

In February NRW was dumped as operator of Middlemount mine as Peabody and Yancoal announced a decision to become owner-operators.

However despite a tough year for contractors all-round, NRW has secured some major wins in the sector.

The company was awarded a $67 million contract to complete earthworks and piping at Gina Rinehart’s Roy Hill iron ore project, a $180 million contract at Rio Tinto’s Nammuldi iron ore mine as well as the drilling services contract for Fortescue Metals' Cloudbreak mine.

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