NRW Holdings’ Golding signs MSA with TEC Coal
Published by Will Owen,
Editor
World Coal,
NRW Holdings Ltd has announced that its wholly owned subsidiary, Golding Contractors Pty Ltd, has signed a mining services agreement (MSA) with TEC Coal Pty Ltd at the Stanwell Meandu Mine in Southern Queensland’s Burnett Region.
The MSA has a total value of approximately US$750 million over a 5.5 year term commencing in January 2026, consisting of a six month mobilisation phase and a five year operational phase. Under the terms of the MSA the major mining fleet will be provided by TEC Coal.
Golding’s scope covers whole-of-mine management, including the operation and maintenance of three fleets of principal-supplied heavy mining equipment, the operation and maintenance of a principal-supplied dragline, the operation and maintenance of the processing plant, statutory responsibilities, and mine planning.
The MSA provides employment to approximately 400 personnel residing within the local region.
Commenting on the contract award, NRW CEO, Jules Pemberton, said:
“I am delighted to announce the awarded of this significant mining contract at the Stanwell Meandu Mine in Queensland. This award is reflective of Goldings’ excellent reputation for the delivery of safe and efficient contract mining services. The capital light structure of the contract aligns with our strategy of reducing the capital intensity of our contract mining operations and positions the group well to be able to deliver continued value to our shareholders.
“We look forward to welcoming the approximately 400 local employees to the NRW family and to providing them with a safe and positive workplace.
“Goldings’ and the broader NRW Group look forward to a long and successful partnership with TEC Coal.”
Read the article online at: https://www.worldcoal.com/coal/29012026/nrw-holdings-golding-signs-msa-with-tec-coal/