NRW Holdings shares gain on $109m BHP contract
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More news: Shares in NRW Holdings lifted after the construction and mining contractor secured a $109 million development contract for BHP’s Jimblebar mine in Western Australia.
NRW shares were up 1.1% to $3.66 by 11:30am AEDT, having added more than 20% since January.
NRW secures $109 million Jimblebar contract from BHP
The news: Construction and mining contractor NRW Holdings has secured a development contract for BHP’s Jimblebar mine in Western Australia.
The numbers: The contract is valued at approximately $109 million and will commence in November. The project is scheduled for completion in the second quarter of 2026 and will employ a team of up to 120 personnel and 55 items of plant and equipment, NRW said.
The context: Jimblebar is one of BHP’s seven iron ore mines in the Pilbara. The scope of the contract includes various civil, building, mechanical and electrical works to support sustainable production at Jimblebar, NRW said.
The project will include bulk earthworks and covers the construction of a number of permanent facilities. It also includes the construction of a new floodway and an LV access road complete with heavy and light vehicle standpipes and washdown facility.
Additionally, the contract requires a HDPE pipeline re-alignment and installation of a 33 kilovolts overhead powerline.
The source: ASX announcement
