Key points
- NRW Holdings awarded Karara mining services contract extension
- Contract extended by five years to February 2032
- Contract value estimated at approximately $960M
- Scope of services remains largely unchanged
Full summary
NRW Holdings Limited (ASX:NWH) has announced that its Mining division has received a Letter of Award for the Karara mining services contract extension. The award extends NRW's tenure at the Karara mine by a further five years, from March 2027 to February 2032. The contract extension is valued at approximately $960 million. Under the extended term, the scope of services to be delivered by NRW remains largely unchanged, including load and haul, drill and blast, plus ancillary services. NRW Chief Executive Officer Jules Pemberton expressed satisfaction with the contract extension, highlighting the strong relationship between NRW and Karara, as well as the consistent performance of their team.
Guidance
Contract extension value approximately $960M
Outlook
NRW Holdings Ltd expects to continue delivering safe and reliable operations at the Karara mine under the extended contract.