NRW Holdings Limited’s
(ASX:NWH) wholly owned subsidiary Action Drill and Blast has been awarded a $140 million contract by Fortescue Metals Group Limited
(ASX:FMG).
The four year contract is for the provision of drilling services at Fortescue’s Cloudbreak mine in the Pilbara region of Western Australia.
It is the largest contract awarded to Action Drill and Blast to date.
NRW CEO Jules Pemberton says it is pleasing to see Action Drill and Blast successfully strengthening the relationship with a long term client.
NRW Holdings generated a net profit of $97.1 million in the 2012 financial year.
