NRW scores new Fortescue contracts

Company News


NRW Holdings Limited (ASX:NWH) has scored about $148 million of new contracts and contract extensions from Pilbara focussed iron ore miner Fortescue Metals Group Limited (ASX:FMG).

The mining services company has been awarded a $70 million contract to work on Fortescue’s Solomon Spur Rail Project to construct 28.4 kilometres of rail earthworks.

The company has also received a $70 million contract variation to a contract for Solomon, adjusted to include the construction of Tailings Storage Dam Facility.

The company has also won an $8.5 million contract for work on Fortescue’s Christmas Creek project.

NRW Holdings posted a net profit of $45.3 million in the first-half of the 2012 financial year.


 


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