NRW Holdings Limited ( (AU:NWH) ) has provided an update.
NRW Holdings Limited, through its subsidiary Golding Contractors Pty Ltd, has been providing mining services to OneSteel Manufacturing Pty Ltd under a Mining Services Agreement since 2020. Following the appointment of KordaMentha as administrators over OneSteel by the South Australian Government, Golding continues its operations under the direction of the administrators, with confirmation of payment for services rendered post-appointment. The company is owed approximately A$113.3 million for services prior to the administrators’ appointment and is considering options for enforcing its security interests. NRW’s financial position remains strong with significant cash reserves and undrawn debt facilities, and it plans to release its 2025 Half Year Results soon.
More about NRW Holdings Limited
NRW Holdings Limited is a prominent 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’s services include civil construction, contract mining, drill and blast services, and OEM capabilities for earthmoving equipment. The company also offers tailored mine-to-market solutions, specialist maintenance, and complete turnkey design and operation of minerals processing and energy projects. NRW employs around 8,000 people and supports over a hundred projects across various sectors.
YTD Price Performance: -11.40%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €909.5M
Learn more about NWH stock on TipRanks’ Stock Analysis page.