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NRW Holdings Limited ( (AU:NWH) ) has provided an announcement.
NRW Holdings Limited has been awarded a significant contract by Rio Tinto for the development of the Brockman Syncline 1 mine in Western Australia. The contract, valued at approximately $167 million, involves construction work including earthworks, roadworks, drainage, and concrete structures. This project highlights NRW’s ongoing relationship with Rio Tinto and strengthens its position in the mining sector, with a peak workforce of over 300 people expected to be involved.
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 through its subsidiaries. It also provides refurbishment and rebuild services for earthmoving equipment and machinery, and offers tailored mine to market solutions, specialist maintenance, and complete turnkey design, construct, and operation of minerals processing and energy projects. NRW supports over one hundred projects across various sectors with a workforce of around 8,000 people.
Average Trading Volume: 1,338,656
Technical Sentiment Signal: Buy
Current Market Cap: A$1.37B
For a thorough assessment of NWH stock, go to TipRanks’ Stock Analysis page.