NRW Holdings Secures Major Long-Term Mining Contract at Meandu Mine
NRW Holdings Limited (ASX: NWH) has strengthened its contract mining portfolio after its wholly owned subsidiary, Golding Contractors, secured a Mining Services Agreement with TEC Coal Pty Ltd at the Stanwell Meandu Mine in Queensland. The agreement is valued at approximately AU$750 million over a 5.5-year period commencing January 2026, comprising an initial mobilisation phase followed by five years of operations. Under the contract, Golding will deliver end-to-end mine management services, including operating and maintaining multiple heavy mining equipment fleets, a dragline, and the processing plant, alongside statutory and mine planning responsibilities. The capital-light nature of the agreement, with major equipment supplied by the client, aligns with NRW’s strategy to lower capital intensity while maintaining operational scale. The contract is expected to support around 400 local jobs, reinforcing NRW’s regional presence and long-term partnership approach. Overall, the contract win reinforces Golding’s standing as a reliable operator with a proven ability to deliver mining services that prioritise safety, operational discipline, and consistent performance.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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NRW Holdings Secures Major Long-Term Mining Contract at Meandu Mine
NRW Holdings Limited (ASX: NWH) has strengthened its contract mining portfolio after its wholly owned subsidiary, Golding Contractors, secured a Mining Services Agreement with TEC Coal Pty Ltd at the Stanwell Meandu Mine in Queensland. The agreement is valued at approximately AU$750 million over a 5.5-year period commencing January 2026, comprising an initial mobilisation phase followed by five years of operations. Under the contract, Golding will deliver end-to-end mine management services, including operating and maintaining multiple heavy mining equipment fleets, a dragline, and the processing plant, alongside statutory and mine planning responsibilities. The capital-light nature of the agreement, with major equipment supplied by the client, aligns with NRW’s strategy to lower capital intensity while maintaining operational scale. The contract is expected to support around 400 local jobs, reinforcing NRW’s regional presence and long-term partnership approach. Overall, the contract win reinforces Golding’s standing as a reliable operator with a proven ability to deliver mining services that prioritise safety, operational discipline, and consistent performance.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au