NRW Holdings’ Primero Secures $157M Contract with Rio Tinto

The latest update is out from NRW Holdings Limited ( (AU:NWH) ).

NRW Holdings Limited announced that its subsidiary, Primero Group Limited, has secured a contract with Rio Tinto for the Hope Downs 2 Satellite & Bedded Hilltop Non-Process Infrastructure Facilities, valued at approximately $157 million. This contract, part of the Hope Downs 1 Sustaining Project, involves design, supply, installation, construction, testing, commissioning, and handover of infrastructure works for Rio Tinto’s operations in Western Australia. The project is expected to be completed by December 2026, with site works commencing in Q4 2025. This award strengthens Primero’s reputation as a leading provider of engineering and construction services and reinforces its long-term relationship with Rio Tinto.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$3.47 price target. To see the full list of analyst forecasts on NRW Holdings Limited stock, see the AU:NWH Stock Forecast page.

More about NRW Holdings Limited

NRW Holdings Limited is a leading provider of diversified contract services to the resources and infrastructure sectors in Australia. The company operates extensively across all Australian states except Tasmania and has offices in Canada and the United States. NRW offers a wide range of services, including civil construction, contract mining, and drill and blast services. Additionally, it provides refurbishment and rebuild services for earthmoving equipment and machinery, as well as tailored mine to market solutions, specialist maintenance, and turnkey design and construction of minerals processing and energy projects. NRW employs around 8,000 people and supports over one hundred projects across various sectors.

Average Trading Volume: 1,552,555

Technical Sentiment Signal: Hold

Current Market Cap: A$1.28B

See more data about NWH stock on TipRanks’ Stock Analysis page.