NRW Holdings Ltd (ASX:NWH) has scored a $160 million contract for Rio Tinto Ltd (ASX:RIO) Iron Ore.
The 12 month contract will be undertaken as part of a joint venture with Eastern Guruma Pty Ltd, with an expected peak workforce of around 550 people.
Work will be undertaken under two distinct sections, the Brockman 4 Phase 2 and the Western Turner Syncline stage 1 project in the Pilbara region of Western Australia.
Rio Tinto Iron Ore is one of NRW’s long term clients and the latest contract is the second awarded to the NRW-Eastern Guruma joint venture.
In the first six months of the 2011 financial year NRW Holdings recorded a net profit $20.36 million.
