keeping busy,,, at $3.00, close to 12 month high
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wholly owned subsidiary, Golding Contractors Pty Ltd has signed a variation to its existing 5-year Mining Services Agreement with Jellinbah Mining Pty Ltd at the Jellinbah East Mine in Central Queensland. The scope of the variation includes operating and maintaining a second 600 tonne excavator and 220 tonne rear dump truck fleet to mine pre-strip overburden, increasing the full scope of the agreement to two 600 tonne mining fleets. The variation is valued at approximately $160 million and will commence in April 2024 utilising existing owned fleet and supplemented with hire equipment.
NRW subsidiary Action Drill & Blast Pty Ltd has also been awarded the following contracts in Queensland.
1. Blasthole drilling services for Batchfire Resources at the Callide Mine. The contract, valued at circa $52 million over five years has commenced and will utilise a workforce of some 40 personnel.
2. Twelve-month extension to supply agreement with Dyno Nobel Asia Pacific Pty Ltd for Bowen Basin mine valued at $30 million.
3. Services Agreement (Drilling) Central Queensland mine – contract term three years, on an agreed rates basis with an estimated value of $28 million.
These contracts will also utilise existing ADB owned equipment where applicable.