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NRW Holdings Announces Regarding Extension of Contract

16 Nov 2018  |  09:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Contract Extension - Isaac Plains East

NRW Holdings announced that its wholly owned subsidiary Golding Contractors (Golding), has reached agreement with Stanmore Coal for a five-year extension to its current contract for mining services at Isaac Plains East. The value of this award adds $500m to the existing contract and extends the project term to June 2024. Golding will deploy new equipment with a capital cost of $40m to support the contract extension which is likely to be incurred in FY 2020.

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