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NRW Holdings Secures A$1.6 Billion Queensland Mining Contract

NRW Holdings Secures A$1.6 Billion Queensland Mining Contract

Mining services provider NRW Holdings (ASX: NWH) has secured a major A$1.6 billion mining contract with Stanmore Resources. This five-year agreement will see NRW’s subsidiary, Golding Contractors, manage mining operations at the South Walker Creek mine in Central Queensland, strengthening NRW’s position in the Australian mining industry.

Golding Contractors to Manage Mining Operations

The contract, commencing in January 2026, tasks Golding Contractors with operating and maintaining eight fleets of heavy mining equipment at the South Walker Creek mine. These fleets will be used to remove overburden and extract steel-making coal, continuing the existing mining arrangement with Stanmore Resources.

The agreement builds on assets NRW acquired through its purchase of the HSE SWC contract in August 2024. “This new contract strengthens our longstanding partnership with Stanmore and allows us to build on years of collaboration,” said NRW CEO Jules Pemberton.

NRW’s Order Book Reaches Record High

The A$1.6 billion Queensland mining deal pushes NRW’s total order book to a record A$7 billion. This reflects NRW’s growing presence and strategic success within the Australian mining industry.

The announcement has boosted NRW Holdings’ share price by 3.2%, reaching A$3.86 on Tuesday—its highest value since May 2012. The company is now on track for its best trading day since August 2024.

Stanmore Resources also experienced positive market momentum, with its shares rising by 2.9%.

Jobs and Economic Impact

The South Walker Creek mine project will employ approximately 650 personnel, with most workers drawn from the Central Queensland region. This will enhance local employment opportunities, contributing to regional economic growth.

NRW’s drilling and blasting subsidiary, ADB, is already active at the South Walker Creek site. The addition of this five-year contract further deepens NRW’s collaboration with Stanmore Resources, ensuring seamless operations at the mine.

Industry Significance

The Queensland mining contract highlights NRW Holdings’ ability to secure large-scale projects in Australia’s competitive mining sector. The South Walker Creek mine focuses on the production of steel-making coal, a critical resource for global infrastructure development.

CEO Jules Pemberton emphasised the strategic importance of the deal, saying, “This contract is a testament to our expertise in delivering high-value services across complex mining projects. It positions us well for future growth.”

A Strengthened Partnership with Stanmore Resources

This latest agreement enhances the partnership between Golding Contractors and Stanmore Resources. It also aligns with Stanmore’s long-term goals of maintaining efficient production and expanding operations at key mining sites.

NRW’s ongoing collaboration with Stanmore across multiple service areas reflects a shared commitment to operational excellence and sustainable mining practices.

Conclusion

The A$1.6 billion mining deal between NRW Holdings and Stanmore Resources marks a significant achievement for both companies. With operations set to begin in January 2026, this partnership will not only boost NRW’s financial standing but also support local employment and regional development.

As the Australian mining industry remains vital to the global economy, NRW Holdings continues to establish itself as a leader in mining services, ready to meet growing market demands with efficiency and expertise.

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