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Golding and SIMEC Mining agree to contract extension

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Global Mining Review,


NRW Holdings Ltd has advised that its wholly owned subsidiary Golding Contractors Pty Ltd has signed a contract with OneSteel Manufacturing Pty Ltd, trading as SIMEC Mining, to extend the current mining services agreement (MSA) for a further three years.

Under the terms of the MSA, the term is extended until 31 January 2025, with an option for SIMEC Mining to extend the contract for up to another three years. The contract value for the initial three-year extension is around AUS$600 million.

Under this new arrangement Golding will continue to provide mine planning, load and haul, and maintenance services at the South Middleback Ranges and Iron Baron Mining Area, as well as the recommencement of a third mining area at Iron Knob.

Golding will continue to employ approximately 600 people at the mines, most of which live in the Whyalla district of South Australia or in the Adelaide region.

NRW CEO and Managing Director, Jules Pemberton, said: “This extended agreement is particularly pleasing as an example of a Golding team working closely with our client to generate sustained cost-effective solutions.”

Read the article online at: https://www.globalminingreview.com/finance-business/14022022/golding-and-simec-mining-agree-to-contract-extension/

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Australian mining news Iron ore mining news