NRW Holdings (ASX:NWH) Lands Major BHP Jimblebar Contract

2 min read | October 11, 2024 01:13 PM AEDT | By Team Kalkine Media

Google News:

NRW Holdings (ASX:NWH) Lands Major BHP Jimblebar Contract — Image source: shutterstock

Recent News

DXN AI Data Centre Deal Sparks ASX Penny Stock Buzz

ASX Energy Stocks Watch Oil Tension as Woodside, Santos Move

Lithium's Surprise Revival Puts ASX 200 Miners Back in Focus

Simandou's Arrival Changes the Game for ASX 200 Iron Ore Giants

Make Kalkine Media
My Trusted Source

Highlights

NRW Holdings secures a $109M contract with BHP.

Project at Jimblebar set to begin in November 2024 and run through Q2 2026.

Up to 120 staff to be hired, with 50 assets expected to be used.

NRW Holdings (ASX:NWH) has secured a significant contract with BHP, valued at $109 million, for works at the Jimblebar project. The project will kick off in November 2024 and continue until the second quarter of 2026. NRW Holdings anticipates hiring up to 120 staff members and incorporating around 50 pieces of plant and equipment into the project.

The scope of the project includes various civil, building, mechanical, and electrical tasks to support sustainable production at Jimblebar. Among the major tasks are the construction of a new floodway, a light vehicle access road, washdown facilities for both heavy and light vehicles, and the installation of high-density polyethylene piping. Additionally, a 33kV overhead transmission line will be a key part of the infrastructure being developed.

Located near Newman in Western Australia, Jimblebar is an open-pit iron ore mine, owned 85% by BHP and 15% by Mitsui and ITOCHU. The mine is part of BHP's Western Australia Iron Ore operations, which include five mines and four processing hubs connected by a vast rail network and port facilities. This integrated system supports large-scale iron ore production and transportation.

NRW Holdings shared that bulk earthworks and the construction of permanent facilities will form a significant part of the contract. These developments are expected to enhance operational efficiency and sustainability at the Jimblebar site.

As of the last trading session, NRW Holdings (ASX:NWH) was priced at $3.62.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.