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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Stanmore Coal Limited    SMR   AU000000SMR4

STANMORE COAL LIMITED (SMR)
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NRW : order book tips over $2bn with latest contracts

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06/27/2018 | 12:27pm CEST

Mining services company NRW Holdings has been on a contract winning streak this year.

The companys tender work has been so fruitful that it now has an order book at near-record levels of $2.05 billion.

As reported by Australian Mining last week, NRW, through subsidiary Golding Contractors, has secured a $93 million contract extension with Stanmore Coal at the Isaac Plains mine in Queensland.

The Stanmore award followed Goldings three-year, $230 million contract extension with Coronado Curragh at the Curragh coal mine, and a $420 million contract win at the Winbindi Coal Baralaba North mine, both in Queensland, during May.

NRW has also strengthened its order book with $65 million worth of wins by the Golding business and a $7 million trial rehabilitation project at the Argyle diamond mine in Western Australia.

The order book includes around $875 million of work secured for the next financial year, with the companys revenues for fiscal 2019 expected to exceed $1.1 billion.

NRW managing director and chief executive Jules Pemberton said the company continued to be well placed to capitalise on the significant strength in the Australian resources and infrastructure sectors.

Our increasingly diverse and geographic service offering is further broadening and currently includes projects for key clients across the bulk commodities, lithium, gold, public infrastructure and urban development sectors, Pemberton said.

NRW expects its Western Australian civil business will be well placed to participate in the upcoming iron ore replacement and sustaining tonnes projects in the Pilbara.

The projects that have so far been announced in this regard include BHPs $4.5 billion South Flank project and Fortescue Metals Groups $1.7 billion Eliwana development

(c) The Observer 2018 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Dan Clifford Managing Director & Director
Stewart Butel Chairman
Bernie O'Neill General Manager-Operations
Ian Poole Chief Financial Officer & Joint Secretary
Stephen Grant Bizzell Non-Executive Director
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