NRW holdings (ASX:NWH) has revealed it’s inked a contract with BHP for works at the latter’s Jimblebar project worth $109M.
With works kicking off in November of 2024, works will carry through until Q2 of 2026 on a team hiring up to 120 staffers. When it comes to plant and equipment, the company anticipates around 50 assets being incorporated.
The scope of works include the construction of a new floodway, light vehicle access road; washdown facilities for heavy and light vehicles, high density polyethylene piping and, perhaps most crucial – the installation of a 33kV overhead transmission line.
“The scope of the contract includes various civil, building, mechanical and electrical works to support sustainable production at Jimblebar,” NRW wrote on Friday.
“The project will include bulk earthworks and covers the construction of a number of permanent facilities.”
Jimblebar is located not too far from Newman as far as Australia’s vast expanses go; the mine is an open-pit iron ore play. The mine is held 85% by BHP and 15% by Mitsui and ITOCHU.
“It is one of five mines and four processing hubs that make up Western Australia Iron Ore – an integrated system of joint ventures connecting 1,000 kilometres of rail infrastructure and port facilities,” BHP writes on its website.
NWH last traded at $3.62.
Join the discussion: See what HotCopper users are saying about NRW Holdings and be part of the conversations that move the markets.
NRW Holdings inks $109M deal with BHP for works at Jimblebar
Add NWH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.92 |
Change
0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.97 | $3.97 | $3.86 | $4.473M | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 11521 | $3.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.93 | 14574 | 3 |
View Market Depth
| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
