NRW’s Golding Secures $750m Mining Services Deal at Meandu Mine

NRW Holdings Limited ( (AU:NWH) ) just unveiled an announcement.

NRW Holdings’ wholly owned subsidiary Golding Contractors has secured a Mining Services Agreement with TEC Coal at the Stanwell Meandu Mine in Queensland’s Burnett Region, a contract worth about $750 million over 5.5 years starting January 2026. The deal covers whole-of-mine management, including operation and maintenance of principal-supplied mining fleets, a dragline and processing plant, as well as statutory responsibilities and mine planning, and is expected to employ around 400 local workers. Structured as a capital-light contract in which TEC Coal supplies the major mining fleet, the agreement supports NRW’s strategy to reduce capital intensity in its mining operations, reinforcing Golding’s reputation for safe, efficient contract mining and bolstering NRW’s long-term revenue visibility and positioning in the Australian mining services market.

The most recent analyst rating on (AU:NWH) stock is a Buy with a A$6.20 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 diversified provider of contract services to the government, resources, industrial and infrastructure sectors in Australia, with additional offices in Canada and the United States. Through businesses including NRW Civil & Mining, Golding Contractors, Action Drill & Blast, Action Mining Services, RCR Mining Technologies, DIAB Engineering, Primero and Fredon, the group delivers civil construction, contract mining, drill and blast, OEM refurbishment, mine-to-market solutions, maintenance, non-process infrastructure, and electrical and mechanical services across more than 200 projects globally.

YTD Price Performance: 9.13%

Average Trading Volume: 1,138,302

Technical Sentiment Signal: Buy

Current Market Cap: A$2.58B

See more insights into NWH stock on TipRanks’ Stock Analysis page.