News: NRW secures $70M Fortescue contract

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    NRW Holdings Limited (ASX:NWH) has secured a $70 million contract from iron ore miner Fortescue Metals Group Limited (ASX:FMG).



    The civil and mining services contractor says the work is for Fortescue’s main line rail duplication in Western Australia’s Pilbara region.



    Under the seven-month contract NRW will mobilise around 200 workers to undertake bulk earthworks for 50 kilometres of rail duplication.



    NRW says a key driver for the project award was the company’s reputation and past experience in delivering eastern Pilbara rock cutting alongside rail.



    NRW Holdings posted a net profit $20.4 million in the first six months of the 2011 financial year.


 
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