Ann: Half Year Results, page-49

Numgordon
Sabine has correctly answered your question – I refer the the wonderful business that NWH acquired for peanuts when RCR Tomlinson collapsed for reasons unrelated to the RCR two businesses that NWH acquired. This acquisition is going to be more than catalytic in NWH's transformation of an earthmoving grunt to a high-capability company. The underlined words could be replaced by “enzymic”. In terms of speeding up a chemical reaction, enzymes leave catalysts in the dust.

In respect to RCR's capabilities, see Point 1 below. On RCR and FMG see Points 2 and 3.

1. https://nrw.com.au/rcr-mining-technologies/
2. https://www.rcrtom.com.au/latest-projects/solomon-ore-processing-facilities/
3. https://www.australianmining.com.au/news/fortescue-relocatable-conveyor-running-cloudbreak/

Point 2 relates to a $600m contract awarded in 2011.

In respect to Point 2 or 3, I recall reading about an NCR JV with Aboriginal interests, which reminded me that NWH obtained the Stage 1 contract at Iron Bridge via a JV with the relevant traditional owners represented by Njamal ICRG JV Pty Ltd – a JV that came about at the behest of FMG. These JVs are very important to FMG.

PS for Sabine My symmetric alignment of thrice three heavenly omens, and its nexus with the nine muses of antiquity, disallowed me to add the further two good omens mentioned here – namely, NWH was contracted for Iron Bridge Stage 1, and that it had a JV with the relevant traditional owners, which if not still in place, should be revitalised. The Iron Bridge Project may be well suited for NWH-initiated proactive give-and-take negotiations with FMG -- e.g., give the FMG Njamal ICRG JV this little job, and we will . . .