Mining Services Agreement - Meandu
| Stock | NRW Holdings Ltd (NWH.ASX) |
|---|---|
| Release Time | 19 Jan 2026, 9:45 a.m. |
| Price Sensitive | Yes |
NRW Holdings Secures $750M Mining Services Contract
- 5.5-year mining services agreement at Stanwell Meandu Mine in Queensland
- Golding Contractors to provide whole-of-mine management services
- Contract employs around 400 local personnel
NRW Holdings Limited (ASX:NWH) has announced that its wholly owned subsidiary, Golding Contractors Pty Ltd, has signed a Mining Services Agreement (MSA) with TEC Coal Pty Ltd at the Stanwell Meandu Mine in Southern Queensland's Burnett Region. The MSA has a total value of approximately $750M over a 5.5 year term commencing in January 2026, consisting of a 6 month mobilisation phase and a 5 year operational phase. Under the terms of the MSA, the major mining fleet will be provided by TEC Coal Pty Ltd, while Golding's scope covers whole-of-mine management, including the operation and maintenance of 3 fleets of Principal-Supplied heavy mining equipment, the operation and maintenance of a Principal-Supplied Dragline, the operation and maintenance of the Processing Plant, statutory responsibilities, and mine planning. The MSA provides employment to approximately 400 personnel residing within the local region.
The MSA has a total value of approximately $750M over a 5.5 year term commencing in January 2026.