NRW Holdings Ltd has advised that its wholly owned subsidiary, Golding Contractors Pty Ltd, has signed a five-year contract extension with Southern Cross Fertilisers, which means Golding’s mining contract at Phosphate Hill will extend to the 6 September 2026.
The expected contract extension value is anticipated to be between AUS$110 – AUS$120 million over the term.
Golding’s existing mining fleet will continue to operate in the mine and gypsum operations, with new capital spend limited to replacement of select light and medium vehicles.
Golding employs approximately 80 people at the mine that operates on a FIFO arrangement from Townsville in Northern Queensland.
NRW CEO and Managing Director, Jules Pemberton, said: “This contract extension reaffirms the strong relationship Golding has formed with Southern Cross Fertilisers at Phosphate Hill for more than a decade now, under various contract arrangements, and reflects our ability to secure repeat business through the quality and value of our service offering.”
Read the article online at: https://www.globalminingreview.com/finance-business/06092021/golding-and-southern-cross-fertilisers-sign-phosphate-hill-mining-contract-extension/