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NRW Holdings Limited (ASX:NWH)

ALERT: Price-sensitive ASX Announcement for NWH
Current share price for NWH : $7.545 1.925 (34.25%)+
Announcement
Release
19 Jan 2026 9:45AM
Price at Release
$5.620
Full Release
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Summary
NRW Holdings Limited, through its subsidiary Golding Contractors Pty Ltd, has secured a significant Mining Services Agreement with TEC Coal Pty Ltd for the Stanwell Meandu Mine located in Southern Queensland. This contract, valued at approximately $750 million, spans 5.5 years with a six-month mobilisation period starting in January 2026, followed by a five-year operational phase. TEC Coal will supply the major mining fleet, and Golding Contractors will oversee the comprehensive mine management, including equipment operation and maintenance, processing plant operation, and statutory duties. This contract is significant for the local community as it provides employment for about 400 personnel. NRW's CEO, Jules Pemberton, highlighted the contract's alignment with the company's strategy to reduce capital intensity, thereby ensuring value delivery to shareholders. NRW looks forward to a long-term partnership with TEC Coal.
Key Points
  • NRW Holdings Limited announces a new Mining Services Agreement at Meandu Mine.
  • The agreement is with TEC Coal Pty Ltd for a 5.5-year term starting January 2026.
  • The contract is valued at approximately $750M.
  • Golding Contractors, a subsidiary of NRW, will handle whole-of-mine management.
  • The contract supports approximately 400 local jobs.
  • The agreement aligns with NRW's capital-light strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.